Resona Asset Management Co. Ltd. Purchases New Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Resona Asset Management Co. Ltd. purchased a new position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 11,369 shares of the aerospace company's stock, valued at approximately $2,151,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Janus Henderson Group PLC grew its holdings in Huntington Ingalls Industries by 3.5% in the third quarter. Janus Henderson Group PLC now owns 6,069 shares of the aerospace company's stock valued at $1,604,000 after purchasing an additional 207 shares during the last quarter. IHT Wealth Management LLC acquired a new stake in Huntington Ingalls Industries in the 3rd quarter valued at about $248,000. Stifel Financial Corp increased its holdings in Huntington Ingalls Industries by 36.6% during the 3rd quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company's stock valued at $6,181,000 after acquiring an additional 6,253 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Huntington Ingalls Industries by 7.2% in the third quarter. Wellington Management Group LLP now owns 6,050 shares of the aerospace company's stock valued at $1,599,000 after purchasing an additional 406 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC grew its position in shares of Huntington Ingalls Industries by 251.4% in the third quarter. Kovitz Investment Group Partners LLC now owns 5,861 shares of the aerospace company's stock valued at $1,550,000 after purchasing an additional 4,193 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

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Huntington Ingalls Industries Trading Down 0.5 %

Huntington Ingalls Industries stock traded down $1.07 during trading on Tuesday, hitting $218.89. The company's stock had a trading volume of 199,608 shares, compared to its average volume of 504,655. The stock's fifty day moving average is $188.37 and its 200 day moving average is $202.82. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $285.81. The stock has a market capitalization of $8.59 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 1.15 and a beta of 0.34. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data 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%. As a group, equities research 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 was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued 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 dividend yield of 2.47%. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.68%.

Insider Activity

In other Huntington Ingalls Industries news, 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 transaction of $142,170.00. Following the completion of the sale, the chief accounting officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the company's stock in a transaction on Thursday, February 13th. The shares were purchased at an average price of $164.82 per share, with a total value of $349,418.40. Following the completion of the purchase, the director now directly owns 7,967 shares of the company's stock, valued at $1,313,120.94. The trade was a 36.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Barclays reduced their target price 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 upgraded Huntington Ingalls Industries from a "sell" rating to a "buy" rating and upped their price objective for the company from $145.00 to $234.00 in a research report on Friday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $231.11.

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.