Auxano Advisors LLC Makes New Investment in Huntington Ingalls Industries, Inc. (NYSE:HII)

Auxano Advisors LLC bought a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,442 shares of the aerospace company's stock, valued at approximately $272,000.

A number of other institutional investors also recently added to or reduced their stakes in HII. Van ECK Associates Corp raised its position in shares of Huntington Ingalls Industries by 94.5% during the 3rd quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company's stock worth $455,222,000 after acquiring an additional 863,800 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Huntington Ingalls Industries during the fourth quarter worth approximately $36,191,000. FMR LLC lifted its position in shares of Huntington Ingalls Industries by 5.6% during the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company's stock worth $930,383,000 after buying an additional 187,411 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at $47,698,000. Finally, JPMorgan Chase & Co. grew its position in shares of Huntington Ingalls Industries by 45.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company's stock valued at $80,886,000 after buying an additional 95,324 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Insiders Place Their Bets

In related news, Director Thomas C. Schievelbein acquired 2,120 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the purchase, the director now directly owns 7,967 shares of the company's stock, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is currently owned by insiders.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock traded down $3.04 during mid-day trading on Monday, reaching $172.54. 1,292,331 shares of the company were exchanged, compared to its average volume of 742,323. The firm has a market cap of $6.75 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 1.15 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. The firm's 50-day simple moving average is $185.79 and its two-hundred day simple moving average is $218.19. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $299.50.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing analysts' consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. Equities analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries's dividend payout ratio is presently 38.68%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Bank of America decreased their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating for the company in a research note on Wednesday, November 13th. The Goldman Sachs Group decreased their target price on Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating for the company in a research report on Monday, February 10th. Finally, Barclays cut their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a research report on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $221.22.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.