Strs Ohio Takes Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Strs Ohio purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 9,330 shares of the aerospace company’s stock, valued at approximately $2,422,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HII. Cranbrook Wealth Management LLC bought a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at $30,000. Quantbot Technologies LP bought a new position in shares of Huntington Ingalls Industries in the 3rd quarter worth $25,000. Level Financial Advisors Inc. acquired a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth $43,000. Finally, Bruce G. Allen Investments LLC bought a new stake in Huntington Ingalls Industries in the fourth quarter valued at about $48,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Performance

HII opened at $271.66 on Friday. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 2.56 and a beta of 0.60. The business’s 50-day moving average price is $285.91 and its two-hundred day moving average price is $257.35. Huntington Ingalls Industries, Inc. has a 1 year low of $188.51 and a 1 year high of $299.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.95 and a quick ratio of 0.89.

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, topping analysts’ consensus estimates of $4.27 by $2.63. The business 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%. Huntington Ingalls Industries’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the company earned $3.07 earnings per share. Equities analysts expect that Huntington Ingalls Industries, Inc. will post 16.36 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were issued a $1.30 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.91%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 30.41%.

Insider Transactions at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 500 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $288.56, for a total value of $144,280.00. Following the completion of the transaction, the vice president now owns 18,600 shares of the company’s stock, valued at $5,367,216. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 1,293 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 2,250 shares of the company’s stock, valued at approximately $655,380. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP D R. Wyatt sold 500 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were 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 directly owns 18,600 shares of the company’s stock, valued at approximately $5,367,216. The disclosure for this sale can be found here. Insiders have sold a total of 8,472 shares of company stock valued at $2,398,345 over the last 90 days. 0.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Barclays boosted their target price on Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. 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 research report on Thursday, March 21st.

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.