Intech Investment Management LLC Raises Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Intech Investment Management LLC lifted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 25.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,800 shares of the aerospace company's stock after purchasing an additional 4,054 shares during the period. Intech Investment Management LLC owned 0.05% of Huntington Ingalls Industries worth $3,742,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Generali Asset Management SPA SGR purchased a new position in Huntington Ingalls Industries during the 4th quarter valued at $2,056,000. Kennondale Capital Management LLC bought a new stake in Huntington Ingalls Industries during the 4th quarter valued at approximately $8,229,000. Argent Advisors Inc. purchased a new position in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $1,135,000. Cibc World Markets Corp raised its position in shares of Huntington Ingalls Industries by 16.0% in the 4th quarter. Cibc World Markets Corp now owns 6,178 shares of the aerospace company's stock worth $1,167,000 after acquiring an additional 852 shares in the last quarter. Finally, Natixis Advisors LLC boosted its position in shares of Huntington Ingalls Industries by 36.2% during the fourth quarter. Natixis Advisors LLC now owns 97,327 shares of the aerospace company's stock valued at $18,392,000 after purchasing an additional 25,846 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HII. The Goldman Sachs Group dropped their target price on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating on the stock in a report on Monday, February 10th. Barclays dropped their price target on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Huntington Ingalls Industries currently has a consensus rating of "Hold" and an average price target of $221.22.

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Insider Activity at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 750 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the transaction, the chief accounting officer now owns 2,884 shares of the company's stock, valued at $546,691.04. This trade represents a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas C. Schievelbein acquired 2,120 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $164.82 per share, with a total value of $349,418.40. Following the completion of the purchase, the director now owns 7,967 shares in the company, valued at $1,313,120.94. This trade represents a 36.26 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Stock Performance

NYSE:HII traded up $4.71 during trading hours on Monday, reaching $206.18. The company had a trading volume of 525,532 shares, compared to its average volume of 465,585. The firm has a market cap of $8.09 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 1.15 and a beta of 0.49. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The firm's 50 day moving average price is $187.89 and its 200-day moving average price is $210.39. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $294.24.

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, analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries's payout ratio is 38.68%.

Huntington Ingalls Industries Company 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.