Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC lifted its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 17.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,583 shares of the aerospace company's stock after acquiring an additional 1,256 shares during the period. HighTower Advisors LLC's holdings in Huntington Ingalls Industries were worth $1,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

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Insider Activity

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein bought 2,120 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, February 13th. The stock was acquired 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. This represents a 36.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Nicolas G. Schuck sold 750 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the transaction, the chief accounting officer now owns 2,884 shares in the company, valued at $546,691.04. The trade was a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Price Performance

NYSE HII traded up $2.07 during trading hours on Friday, reaching $205.22. The company's stock had a trading volume of 560,211 shares, compared to its average volume of 483,686. The firm has a market capitalization of $8.05 billion, a price-to-earnings ratio of 14.70, a P/E/G ratio of 1.15 and a beta of 0.49. The company's 50-day moving average is $188.42 and its two-hundred day moving average is $209.40. 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, Inc. has a 1-year low of $158.88 and a 1-year high of $293.17.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 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%. On average, equities analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.63%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries's payout ratio is 38.68%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HII shares. Barclays reduced their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. The Goldman Sachs Group decreased their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating for the company 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 company's stock. Based on data from MarketBeat, Huntington Ingalls Industries currently has an average rating of "Hold" and an average price target of $221.22.

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.