Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,747 shares of the aerospace company's stock after buying an additional 2,291 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.25% of Huntington Ingalls Industries worth $18,849,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Oakworth Capital Inc. grew its stake in shares of Huntington Ingalls Industries by 1.3% in the 4th quarter. Oakworth Capital Inc. now owns 6,621 shares of the aerospace company's stock valued at $1,251,000 after buying an additional 87 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Huntington Ingalls Industries by 221.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,370 shares of the aerospace company's stock valued at $1,784,000 after buying an additional 6,457 shares during the period. Yousif Capital Management LLC grew its stake in shares of Huntington Ingalls Industries by 1.6% in 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 during the period. Old North State Wealth Management LLC grew its stake in shares of Huntington Ingalls Industries by 22.0% in the 4th quarter. Old North State Wealth Management LLC now owns 14,379 shares of the aerospace company's stock valued at $2,722,000 after buying an additional 2,589 shares during the period. Finally, Guidance Capital Inc. purchased a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $872,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Insider Activity

In other news, Director Thomas C. Schievelbein acquired 2,120 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the acquisition, the director now owns 7,967 shares of the company's stock, valued at $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. TD Cowen cut shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price target for the company. in a research note on Friday, November 1st. StockNews.com cut shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research report on Friday, November 1st. Alembic Global Advisors cut shares of Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and set a $210.00 price objective for the company. in a research report on Friday, November 1st. The Goldman Sachs Group lowered their price objective on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating for the company in a research report on Monday, February 10th. Finally, Bank of America lowered their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating for the company in a research report on Wednesday, November 13th. Two equities 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $221.22.

Huntington Ingalls Industries Stock Up 0.4 %

HII stock traded up $0.68 during midday trading on Friday, hitting $161.50. The company's stock had a trading volume of 847,960 shares, compared to its average volume of 546,445. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $299.50. The firm has a market capitalization of $6.32 billion, a P/E ratio of 11.57, a PEG ratio of 1.43 and a beta of 0.57. The firm has a 50-day simple moving average of $190.18 and a 200-day simple moving average of $225.10.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS 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, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 15.14 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $1.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.34%. Huntington Ingalls Industries's payout ratio is 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.