Cerity Partners LLC Acquires Shares of 1,511 Huntington Ingalls Industries, Inc. (NYSE:HII)

Cerity Partners LLC bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,511 shares of the aerospace company’s stock, valued at approximately $392,000.

Other large investors also recently made changes to their positions in the company. CWM LLC grew its holdings in Huntington Ingalls Industries by 54.2% during the 3rd quarter. CWM LLC now owns 1,243 shares of the aerospace company’s stock worth $254,000 after acquiring an additional 437 shares during the last quarter. AE Wealth Management LLC grew its stake in shares of Huntington Ingalls Industries by 23.1% during the third quarter. AE Wealth Management LLC now owns 2,021 shares of the aerospace company’s stock valued at $413,000 after purchasing an additional 379 shares during the last quarter. Czech National Bank increased its holdings in shares of Huntington Ingalls Industries by 47.6% in the third quarter. Czech National Bank now owns 6,968 shares of the aerospace company’s stock valued at $1,426,000 after purchasing an additional 2,246 shares in the last quarter. Toews Corp ADV bought a new position in Huntington Ingalls Industries in the 3rd quarter worth approximately $777,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Huntington Ingalls Industries by 29.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,395 shares of the aerospace company’s stock worth $695,000 after buying an additional 766 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Insider Activity

In related news, VP D R. Wyatt sold 900 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $263.69, for a total transaction of $237,321.00. Following the transaction, the vice president now owns 19,100 shares of the company’s stock, valued at approximately $5,036,479. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP D R. Wyatt sold 900 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $263.69, for a total transaction of $237,321.00. Following the sale, the vice president now owns 19,100 shares of the company’s stock, valued at approximately $5,036,479. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Nicolas G. Schuck sold 1,293 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were 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 $655,380. The disclosure for this sale can be found here. Insiders sold a total of 8,472 shares of company stock valued at $2,398,345 in the last ninety days. 0.72% of the stock is owned by insiders.

Huntington Ingalls Industries Price Performance

HII opened at $277.16 on Friday. The company has a fifty day moving average price of $285.45 and a two-hundred day moving average price of $259.78. The firm has a market capitalization of $10.98 billion, a PE ratio of 16.21, a P/E/G ratio of 2.60 and a beta of 0.60. Huntington Ingalls Industries, Inc. has a 52 week low of $188.51 and a 52 week high of $299.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.89 and a current ratio of 0.95.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, February 1st. The aerospace company reported $6.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.27 by $2.63. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates 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 last year, the company earned $3.07 EPS. As a group, analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.36 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on HII shares. 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 stock an “overweight” rating in a report on Thursday, March 21st.

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.