43,547 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Bought by Kennondale Capital Management LLC

Kennondale Capital Management LLC purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 43,547 shares of the aerospace company's stock, valued at approximately $8,229,000. Huntington Ingalls Industries comprises 6.7% of Kennondale Capital Management LLC's holdings, making the stock its 2nd largest position. Kennondale Capital Management LLC owned approximately 0.11% of Huntington Ingalls Industries as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assetmark Inc. grew its stake in Huntington Ingalls Industries by 2,154.9% in the 4th quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock valued at $1,474,000 after buying an additional 7,456 shares during the last quarter. Northcape Wealth Management LLC bought a new stake in Huntington Ingalls Industries in the 4th quarter valued at about $3,642,000. Stifel Financial Corp boosted its holdings in Huntington Ingalls Industries by 36.6% in the 3rd quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company's stock valued at $6,181,000 after purchasing an additional 6,253 shares during the period. O Keefe Stevens Advisory Inc. boosted its holdings in Huntington Ingalls Industries by 63.0% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company's stock valued at $655,000 after purchasing an additional 1,339 shares during the period. Finally, Essential Planning LLC. bought a new stake in Huntington Ingalls Industries in the 4th quarter valued at about $2,457,000. Institutional investors and hedge funds own 90.46% of the company's stock.

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Wall Street Analysts Forecast Growth

HII has been the subject of a number of recent research reports. Barclays cut their price objective 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 cut 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 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. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $221.22.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 750 shares of the firm's stock in a transaction 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 owns 2,884 shares of the company's stock, valued at approximately $546,691.04. This trade represents a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $164.82 per share, with a total value of $349,418.40. Following the purchase, the director now directly owns 7,967 shares of the company's stock, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock traded down $0.25 on Friday, reaching $201.46. 1,446,109 shares of the stock were exchanged, compared to its average volume of 464,350. The firm's 50 day moving average is $187.89 and its 200-day moving average is $211.29. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $294.79. 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 cap of $7.90 billion, a PE ratio of 14.43, a P/E/G ratio of 1.15 and a beta of 0.49.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share 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%. As a group, analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $1.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a yield of 2.68%. Huntington Ingalls Industries's dividend payout ratio is currently 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.