Quantbot Technologies LP Invests $7.78 Million in Huntington Ingalls Industries, Inc. (NYSE:HII)

Quantbot Technologies LP bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 41,155 shares of the aerospace company's stock, valued at approximately $7,777,000. Quantbot Technologies LP owned approximately 0.11% of Huntington Ingalls Industries at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of HII. Assetmark Inc. increased its holdings in shares of Huntington Ingalls Industries by 316.9% in the 3rd quarter. Assetmark Inc. now owns 346 shares of the aerospace company's stock worth $91,000 after purchasing an additional 263 shares in the last quarter. Axxcess Wealth Management LLC boosted its stake in shares of Huntington Ingalls Industries by 4.9% in the 3rd quarter. Axxcess Wealth Management LLC now owns 1,584 shares of the aerospace company's stock worth $419,000 after buying an additional 74 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Huntington Ingalls Industries by 698.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 543 shares of the aerospace company's stock worth $144,000 after buying an additional 475 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in shares of Huntington Ingalls Industries by 16.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 1,097 shares of the aerospace company's stock worth $290,000 after buying an additional 152 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Huntington Ingalls Industries by 2.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 97,456 shares of the aerospace company's stock worth $25,765,000 after buying an additional 2,149 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

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Insider Buying and Selling at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries 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 sale, the chief accounting officer now directly owns 2,884 shares of the company's stock, valued at approximately $546,691.04. The trade was a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas C. Schievelbein bought 2,120 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, February 13th. The stock was purchased at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the acquisition, 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. Insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Stock Performance

NYSE HII traded up $1.29 on Tuesday, hitting $208.42. 681,702 shares of the company traded hands, compared to its average volume of 456,867. The company has a market capitalization of $8.18 billion, a price-to-earnings ratio of 14.93, a P/E/G ratio of 1.15 and a beta of 0.49. 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 business's 50 day moving average price is $186.67 and its 200-day moving average price is $212.48. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $294.81.

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

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $1.35 per share. 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 2.59%. Huntington Ingalls Industries's dividend payout ratio is presently 38.68%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HII. Barclays dropped their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. The Goldman Sachs Group dropped their price target 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 given a buy rating to the company. According to data from MarketBeat.com, Huntington Ingalls Industries has an average rating of "Hold" and an average price target 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.