Daiwa Securities Group Inc. Acquires 223 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Daiwa Securities Group Inc. lifted its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 6.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,505 shares of the aerospace company’s stock after purchasing an additional 223 shares during the period. Daiwa Securities Group Inc.’s holdings in Huntington Ingalls Industries were worth $910,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quantbot Technologies LP bought a new position in Huntington Ingalls Industries in the third quarter worth $25,000. Cranbrook Wealth Management LLC bought a new position in Huntington Ingalls Industries in the fourth quarter worth $28,000. Turtle Creek Wealth Advisors LLC bought a new position in Huntington Ingalls Industries in the fourth quarter worth $30,000. Level Financial Advisors Inc. bought a new position in Huntington Ingalls Industries in the fourth quarter worth $43,000. Finally, Headlands Technologies LLC raised its holdings in Huntington Ingalls Industries by 30.1% in the third quarter. Headlands Technologies LLC now owns 225 shares of the aerospace company’s stock worth $46,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HII shares. JPMorgan Chase & Co. increased their price objective on Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Barclays increased their price objective on Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th.

Huntington Ingalls Industries Trading Up 0.5 %

NYSE HII opened at $275.88 on Thursday. Huntington Ingalls Industries, Inc. has a 12 month low of $188.51 and a 12 month high of $299.50. The stock has a market cap of $10.93 billion, a P/E ratio of 16.13, a P/E/G ratio of 2.59 and a beta of 0.60. The stock’s fifty day moving average price is $285.79 and its 200-day moving average price is $259.27. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, February 1st. The aerospace company reported $6.90 EPS for the quarter, topping 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 firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the prior year, the firm posted $3.07 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, equities analysts forecast 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. Investors of record on Friday, February 23rd were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $5.20 annualized dividend and a dividend yield of 1.88%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 30.41%.

Insider Activity at Huntington Ingalls Industries

In related 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 transaction of $1,047,572.25. Following the sale, the vice president now directly owns 7,461 shares of the company’s stock, valued at $2,169,285.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related 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 transaction of $1,047,572.25. Following the sale, the vice president now directly owns 7,461 shares of the company’s stock, valued at $2,169,285.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP D R. Wyatt sold 900 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $263.69, for a total value of $237,321.00. Following the sale, the vice president now directly owns 19,100 shares in the company, valued at $5,036,479. The disclosure for this sale can be found here. Insiders have sold 8,472 shares of company stock valued at $2,398,345 over the last ninety days. 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.