Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 6.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,561 shares of the aerospace company's stock after acquiring an additional 1,381 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of Huntington Ingalls Industries worth $4,452,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Assetmark Inc. raised its holdings in Huntington Ingalls Industries by 2,154.9% in the fourth quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock worth $1,474,000 after purchasing an additional 7,456 shares in the last quarter. Northcape Wealth Management LLC bought a new position in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $3,642,000. Stifel Financial Corp raised its stake in shares of Huntington Ingalls Industries by 36.6% during the 3rd quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company's stock worth $6,181,000 after acquiring an additional 6,253 shares in the last quarter. O Keefe Stevens Advisory Inc. lifted its position in Huntington Ingalls Industries by 63.0% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company's stock valued at $655,000 after acquiring an additional 1,339 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Huntington Ingalls Industries by 45.3% in the third quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company's stock valued at $80,886,000 after acquiring an additional 95,324 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

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Huntington Ingalls Industries Stock Performance

Shares of HII stock traded up $1.29 during mid-day trading on Tuesday, reaching $208.42. The stock had a trading volume of 681,679 shares, compared to its average volume of 456,867. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $294.81. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.15 and a beta of 0.49. The business's fifty day moving average is $186.67 and its 200-day moving average is $212.48.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results 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%. On average, research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $1.35 per share. The ex-dividend date was Friday, February 28th. This represents a $5.40 annualized dividend and a dividend yield of 2.59%. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.68%.

Insider Activity at Huntington Ingalls Industries

In other 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 value of $142,170.00. Following the completion of the transaction, the chief accounting officer now owns 2,884 shares of the company's stock, valued at $546,691.04. The trade was a 20.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas C. Schievelbein bought 2,120 shares of the stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Huntington Ingalls Industries 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.