Korea Investment CORP Grows Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Korea Investment CORP lifted its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 43.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,918 shares of the aerospace company's stock after acquiring an additional 7,502 shares during the period. Korea Investment CORP owned 0.06% of Huntington Ingalls Industries worth $4,709,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Prudential Financial Inc. increased its position in Huntington Ingalls Industries by 5.3% in the 4th quarter. Prudential Financial Inc. now owns 30,608 shares of the aerospace company's stock valued at $5,784,000 after acquiring an additional 1,529 shares during the period. Vanguard Group Inc. grew its stake in shares of Huntington Ingalls Industries by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company's stock valued at $950,391,000 after purchasing an additional 14,988 shares during the last quarter. Stevens Capital Management LP acquired a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $393,000. LPL Financial LLC raised its stake in shares of Huntington Ingalls Industries by 88.3% during the fourth quarter. LPL Financial LLC now owns 118,183 shares of the aerospace company's stock worth $22,333,000 after purchasing an additional 55,436 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Huntington Ingalls Industries by 32.4% during the fourth quarter. Sei Investments Co. now owns 445,926 shares of the aerospace company's stock worth $84,269,000 after purchasing an additional 109,134 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. The Goldman Sachs Group dropped their price objective on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating on the stock in a research note 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 equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $221.22.

Insider Activity at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 750 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were 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 directly owns 2,884 shares of the company's stock, valued at $546,691.04. This trade represents a 20.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas C. Schievelbein bought 2,120 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the purchase, the director now owns 7,967 shares in the company, valued at $1,313,120.94. This represents a 36.26 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Price Performance

HII traded down $14.42 on Friday, hitting $184.81. 855,844 shares of the company were exchanged, compared to its average volume of 491,428. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $287.56. 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 has a market capitalization of $7.25 billion, a P/E ratio of 13.24, a price-to-earnings-growth ratio of 1.15 and a beta of 0.34. The business's fifty day moving average is $187.92 and its 200 day moving average is $205.98.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts anticipate 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 given a $1.35 dividend. The ex-dividend date was Friday, February 28th. This represents a $5.40 annualized dividend and a dividend yield of 2.92%. Huntington Ingalls Industries's dividend payout ratio is presently 38.68%.

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.