Proficio Capital Partners LLC Acquires Shares of 59,526 Huntington Ingalls Industries, Inc. (NYSE:HII)

Proficio Capital Partners LLC acquired a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 59,526 shares of the aerospace company's stock, valued at approximately $11,249,000. Proficio Capital Partners LLC owned approximately 0.15% of Huntington Ingalls Industries as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of HII. Assetmark Inc. lifted its position 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 acquiring an additional 7,456 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Huntington Ingalls Industries by 1.8% in the fourth quarter. Victory Capital Management Inc. now owns 30,290 shares of the aerospace company's stock valued at $5,724,000 after acquiring an additional 542 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Huntington Ingalls Industries by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 362,396 shares of the aerospace company's stock worth $68,482,000 after purchasing an additional 6,080 shares during the last quarter. State of Michigan Retirement System increased its position in shares of Huntington Ingalls Industries by 3.4% during the 4th quarter. State of Michigan Retirement System now owns 12,190 shares of the aerospace company's stock valued at $2,304,000 after purchasing an additional 400 shares during the last quarter. Finally, Auxano Advisors LLC bought a new position in shares of Huntington Ingalls Industries in the 4th quarter worth approximately $272,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Huntington Ingalls Industries

In related news, Director Thomas C. Schievelbein purchased 2,120 shares of the 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 completion of the transaction, the director now directly owns 7,967 shares in the company, valued at $1,313,120.94. This represents a 36.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Nicolas G. Schuck sold 750 shares of the business'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 transaction, the chief accounting officer now owns 2,884 shares in the company, valued at $546,691.04. This trade represents a 20.64 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Price Performance

HII traded down $1.10 during trading on Wednesday, hitting $207.47. 359,143 shares of the company traded hands, compared to its average volume of 457,904. 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 cap of $8.14 billion, a PE ratio of 14.86, a P/E/G ratio of 1.15 and a beta of 0.49. The stock's 50-day simple moving average is $187.06 and its two-hundred day simple moving average is $211.96. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $294.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings data 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 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 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $1.35 dividend. The ex-dividend date was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.60%. Huntington Ingalls Industries's payout ratio is currently 38.68%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HII. The Goldman Sachs Group decreased their target price on Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating on the stock in a report on Monday, February 10th. Barclays lowered their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $221.22.

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.