Mitsubishi UFJ Asset Management Co. Ltd. Purchases 3,118 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,503 shares of the aerospace company's stock after acquiring an additional 3,118 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.17% of Huntington Ingalls Industries worth $12,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in shares of Huntington Ingalls Industries by 503.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock worth $30,000 after purchasing an additional 131 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new stake in Huntington Ingalls Industries in the 4th quarter worth $48,000. Bruce G. Allen Investments LLC increased its position in shares of Huntington Ingalls Industries by 43.4% in the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company's stock valued at $53,000 after acquiring an additional 85 shares during the period. SRS Capital Advisors Inc. raised its stake in shares of Huntington Ingalls Industries by 156.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock valued at $91,000 after acquiring an additional 294 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in shares of Huntington Ingalls Industries by 37.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company's stock valued at $101,000 after acquiring an additional 145 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HII. Barclays reduced their price target 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 reduced their target price on 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. Two 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's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $221.22.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein bought 2,120 shares of the business's stock in a transaction on 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 purchase, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Nicolas G. Schuck sold 750 shares of the business'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 completion of the transaction, the chief accounting officer now directly owns 2,884 shares of the company's stock, valued at approximately $546,691.04. This trade represents a 20.64 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

Huntington Ingalls Industries Stock Down 7.2 %

HII traded down $14.42 during trading on Friday, reaching $184.81. The stock had a trading volume of 855,844 shares, compared to its average volume of 491,428. 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 company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 13.24, a P/E/G ratio of 1.15 and a beta of 0.49. The stock's 50 day moving average is $187.92 and its two-hundred day moving average is $206.42. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $287.56.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its 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 expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 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.