Nisa Investment Advisors LLC Grows Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Nisa Investment Advisors LLC boosted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 28.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,168 shares of the aerospace company’s stock after acquiring an additional 700 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Huntington Ingalls Industries were worth $823,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HII. Cranbrook Wealth Management LLC acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $28,000. Quantbot Technologies LP acquired a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at approximately $25,000. Level Financial Advisors Inc. acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $43,000. Bruce G. Allen Investments LLC acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $48,000. Finally, Almanack Investment Partners LLC. acquired a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at approximately $42,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In related news, CAO Nicolas G. Schuck sold 1,293 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $291.28, for a total transaction of $376,625.04. Following the completion of the transaction, the chief accounting officer now directly owns 2,250 shares in the company, valued at approximately $655,380. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, VP Edgar A. Green III sold 3,603 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $290.75, for a total value of $1,047,572.25. Following the completion of the transaction, the vice president now owns 7,461 shares of the company’s stock, valued at $2,169,285.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Nicolas G. Schuck sold 1,293 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $291.28, for a total value of $376,625.04. Following the completion of the transaction, the chief accounting officer now directly owns 2,250 shares of the company’s stock, valued at approximately $655,380. The disclosure for this sale can be found here. Insiders sold a total of 8,472 shares of company stock worth $2,398,345 in the last three months. 0.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HII. Barclays upped their price target on Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. upped their price target on Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st.

Huntington Ingalls Industries Stock Performance

HII stock opened at $274.08 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54. The firm has a market cap of $10.86 billion, a P/E ratio of 16.03, a P/E/G ratio of 2.60 and a beta of 0.60. Huntington Ingalls Industries, Inc. has a 12-month low of $188.51 and a 12-month high of $299.50. The stock’s 50 day simple moving average is $286.10 and its 200 day simple moving average is $256.68.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, February 1st. The aerospace company reported $6.90 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $2.63. The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $2.78 billion. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.07 EPS. As a group, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 16.36 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $5.20 dividend on an annualized basis and a yield of 1.90%. Huntington Ingalls Industries’s payout ratio is currently 30.41%.

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.