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

Proficio Capital Partners LLC bought a new position in shares of 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 bought 59,526 shares of the aerospace company's stock, valued at approximately $11,249,000. Proficio Capital Partners LLC owned 0.15% of Huntington Ingalls Industries as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in HII. Oppenheimer & Co. Inc. purchased a new position in shares of Huntington Ingalls Industries in the fourth quarter worth $494,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 3.7% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 10,064 shares of the aerospace company's stock valued at $1,902,000 after acquiring an additional 363 shares during the last quarter. Cutter & CO Brokerage Inc. grew its stake in shares of Huntington Ingalls Industries by 26.4% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 5,574 shares of the aerospace company's stock worth $1,053,000 after acquiring an additional 1,165 shares during the period. Pinnacle West Asset Management Inc. raised its holdings in shares of Huntington Ingalls Industries by 10.4% during the fourth quarter. Pinnacle West Asset Management Inc. now owns 1,430 shares of the aerospace company's stock valued at $270,000 after purchasing an additional 135 shares during the last quarter. Finally, Todd Asset Management LLC lifted its position in Huntington Ingalls Industries by 33.0% during the fourth quarter. Todd Asset Management LLC now owns 105,725 shares of the aerospace company's stock valued at $19,979,000 after purchasing an additional 26,229 shares during the period. Institutional investors own 90.46% of the company's stock.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein acquired 2,120 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average cost of $164.82 per share, with a total value of $349,418.40. Following the completion of the acquisition, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is owned by company insiders.

Huntington Ingalls Industries Price Performance

NYSE HII traded down $3.04 during trading on Monday, hitting $172.54. 1,292,331 shares of the stock traded hands, compared to its average volume of 742,323. The firm has a 50-day simple moving average of $186.15 and a 200-day simple moving average of $218.87. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $299.50. The company has a market capitalization of $6.75 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 1.15 and a beta of 0.57. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58.

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 the consensus estimate 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 predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries's dividend payout ratio is presently 38.68%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HII shares. Barclays lowered their target price 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 lowered 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. Finally, Bank of America reduced their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating for the company in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $221.22.

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.