Geode Capital Management LLC Purchases 29,670 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Geode Capital Management LLC lifted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,048,482 shares of the aerospace company's stock after acquiring an additional 29,670 shares during the period. Geode Capital Management LLC owned 2.68% of Huntington Ingalls Industries worth $197,677,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Generali Asset Management SPA SGR bought a new stake in Huntington Ingalls Industries in the 4th quarter valued at $2,056,000. Assetmark Inc. grew its position in shares of Huntington Ingalls Industries by 2,154.9% during the fourth quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock valued at $1,474,000 after purchasing an additional 7,456 shares in the last quarter. Northcape Wealth Management LLC bought a new stake in shares of Huntington Ingalls Industries in the fourth quarter worth about $3,642,000. Stifel Financial Corp lifted its position in shares of Huntington Ingalls Industries by 36.6% in the third quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company's stock worth $6,181,000 after buying an additional 6,253 shares in the last quarter. Finally, O Keefe Stevens Advisory Inc. boosted its stake in Huntington Ingalls Industries by 63.0% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company's stock valued at $655,000 after buying an additional 1,339 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Remove Ads

Huntington Ingalls Industries Trading Up 7.5 %

NYSE HII traded up $15.11 on Friday, hitting $216.00. 1,472,927 shares of the stock were exchanged, compared to its average volume of 502,815. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $285.81. The firm has a market capitalization of $8.47 billion, a P/E ratio of 15.47, a P/E/G ratio of 1.15 and a beta of 0.34. The stock has a fifty day moving average price of $187.89 and a two-hundred day moving average price of $203.52.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings results 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 return on equity of 12.81% and a net margin of 4.77%. Research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 dividend yield of 2.50%. Huntington Ingalls Industries's dividend payout ratio is 38.68%.

Analyst Upgrades and Downgrades

HII has been the topic of several recent research reports. Barclays decreased their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group raised shares of Huntington Ingalls Industries from a "sell" rating to a "buy" rating and upped their price target for the company from $145.00 to $234.00 in a research note on Friday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Huntington Ingalls Industries presently has an average rating of "Hold" and a consensus target price of $231.11.

Insider Activity

In related news, Director Thomas C. Schievelbein acquired 2,120 shares of the stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $164.82 per share, with a total value of $349,418.40. Following the transaction, the director now directly owns 7,967 shares in the company, valued at approximately $1,313,120.94. This represents a 36.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Nicolas G. Schuck sold 750 shares of the company'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 completion of the transaction, the chief accounting officer now owns 2,884 shares in the company, valued at $546,691.04. This represents a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.72% of the company's stock.

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.