UniSuper Management Pty Ltd Acquires 2,868 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

UniSuper Management Pty Ltd grew its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 44.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,319 shares of the aerospace company's stock after buying an additional 2,868 shares during the quarter. UniSuper Management Pty Ltd's holdings in Huntington Ingalls Industries were worth $1,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in shares of Huntington Ingalls Industries by 503.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock worth $30,000 after purchasing an additional 131 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter worth approximately $48,000. Bruce G. Allen Investments LLC grew its holdings in shares of Huntington Ingalls Industries by 43.4% during the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company's stock worth $53,000 after purchasing an additional 85 shares during the last quarter. True Wealth Design LLC bought a new stake in Huntington Ingalls Industries during the 3rd quarter worth about $60,000. Finally, SRS Capital Advisors Inc. grew 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 purchasing an additional 294 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

HII has been the topic of a number of analyst reports. Barclays cut 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 lowered their price objective on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating for the company in a research report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $221.22.

Huntington Ingalls Industries Trading Down 7.2 %

Shares of NYSE: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 490,264. The stock has a market cap 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 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, Inc. has a 52 week low of $158.88 and a 52 week high of $287.89. The firm's fifty day moving average is $187.92 and its 200 day moving average is $206.83.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced 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 analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries's payout ratio is 38.68%.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, Director Thomas C. Schievelbein purchased 2,120 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were purchased 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 approximately $1,313,120.94. This represents a 36.26 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of the company's stock in a transaction on 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 transaction, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. The trade was a 20.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company's stock.

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.