Commonwealth Equity Services LLC Raises Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Commonwealth Equity Services LLC increased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 80.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,180 shares of the aerospace company's stock after buying an additional 9,913 shares during the period. Commonwealth Equity Services LLC owned 0.06% of Huntington Ingalls Industries worth $4,191,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Yousif Capital Management LLC boosted its holdings in shares of Huntington Ingalls Industries by 1.6% during the 4th quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company's stock valued at $610,000 after buying an additional 52 shares in the last quarter. MML Investors Services LLC boosted its stake in Huntington Ingalls Industries by 0.6% during the third quarter. MML Investors Services LLC now owns 11,363 shares of the aerospace company's stock worth $3,004,000 after acquiring an additional 71 shares in the last quarter. 1834 Investment Advisors Co. boosted its stake in Huntington Ingalls Industries by 3.9% during the fourth quarter. 1834 Investment Advisors Co. now owns 1,932 shares of the aerospace company's stock worth $365,000 after acquiring an additional 73 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in Huntington Ingalls Industries by 1.5% in the fourth quarter. Sanctuary Advisors LLC now owns 5,060 shares of the aerospace company's stock worth $989,000 after purchasing an additional 75 shares during the period. Finally, Voya Financial Advisors Inc. increased its stake in shares of Huntington Ingalls Industries by 2.9% during the third quarter. Voya Financial Advisors Inc. now owns 2,800 shares of the aerospace company's stock valued at $737,000 after purchasing an additional 79 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays dropped 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. The Goldman Sachs Group dropped their target price on Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating on the stock in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries presently has an average rating of "Hold" and an average target price of $221.22.

Insider Activity

In related news, CAO Nicolas G. Schuck sold 750 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the sale, the chief accounting officer now owns 2,884 shares in the company, valued at approximately $546,691.04. This represents a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas C. Schievelbein bought 2,120 shares of the company's stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the transaction, the director now directly owns 7,967 shares of the company's stock, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock traded down $0.40 during trading on Thursday, hitting $202.87. 350,507 shares of the company's stock traded hands, compared to its average volume of 466,497. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $293.17. The business has a 50-day simple moving average of $188.39 and a 200-day simple moving average of $209.45. The stock has a market capitalization of $7.96 billion, a P/E ratio of 14.53, a PEG ratio of 1.15 and a beta of 0.49. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) 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%. As a group, analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a yield of 2.66%. Huntington Ingalls Industries's dividend payout ratio is presently 38.68%.

About Huntington Ingalls Industries

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.