Asset Management One Co. Ltd. Cuts Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Asset Management One Co. Ltd. lessened its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,040 shares of the aerospace company’s stock after selling 338 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Huntington Ingalls Industries were worth $4,146,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HII. HighTower Advisors LLC lifted its stake in shares of Huntington Ingalls Industries by 1.2% in the 1st quarter. HighTower Advisors LLC now owns 7,072 shares of the aerospace company’s stock valued at $1,403,000 after purchasing an additional 87 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of Huntington Ingalls Industries by 27.5% in the 1st quarter. D.A. Davidson & CO. now owns 1,467 shares of the aerospace company’s stock valued at $293,000 after purchasing an additional 316 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Huntington Ingalls Industries in the 1st quarter valued at approximately $60,000. MetLife Investment Management LLC lifted its stake in shares of Huntington Ingalls Industries by 23.0% in the 1st quarter. MetLife Investment Management LLC now owns 10,885 shares of the aerospace company’s stock valued at $2,171,000 after purchasing an additional 2,035 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Huntington Ingalls Industries by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,360 shares of the aerospace company’s stock valued at $1,069,000 after purchasing an additional 332 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. StockNews.com raised Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 15th. Barclays raised their price target on Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a report on Thursday, March 21st.

Huntington Ingalls Industries Price Performance

HII opened at $276.31 on Friday. The business has a fifty day moving average of $285.61 and a 200 day moving average of $254.43. Huntington Ingalls Industries, Inc. has a 52-week low of $188.51 and a 52-week high of $299.50. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 0.54. The stock has a market cap of $10.94 billion, a P/E ratio of 16.16, a PEG ratio of 2.69 and a beta of 0.60.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, February 1st. The aerospace company reported $6.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.27 by $2.63. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter in the previous year, the business earned $3.07 EPS. Huntington Ingalls Industries’s revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.36 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Thursday, February 22nd. Huntington Ingalls Industries’s dividend payout ratio is 30.41%.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 900 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $263.69, for a total value of $237,321.00. Following the completion of the sale, the vice president now directly owns 19,100 shares in the company, valued at approximately $5,036,479. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Huntington Ingalls Industries news, VP D R. Wyatt sold 900 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $263.69, for a total value of $237,321.00. Following the completion of the sale, the vice president now directly owns 19,100 shares in the company, valued at approximately $5,036,479. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP D R. Wyatt sold 500 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $288.56, for a total value of $144,280.00. Following the completion of the sale, the vice president now owns 18,600 shares of the company’s stock, valued at $5,367,216. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,472 shares of company stock worth $2,398,345. 0.72% of the stock is currently owned by company insiders.

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.