Tokio Marine Asset Management Co. Ltd. Boosts Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Tokio Marine Asset Management Co. Ltd. grew its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 30.7% during the fourth quarter, Holdings Channel reports. The fund owned 1,321 shares of the aerospace company’s stock after purchasing an additional 310 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Huntington Ingalls Industries were worth $343,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HII. Quantbot Technologies LP purchased a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth approximately $25,000. Cranbrook Wealth Management LLC purchased a new position in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $30,000. Level Financial Advisors Inc. purchased a new position in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $43,000. Finally, Headlands Technologies LLC grew its holdings in shares of Huntington Ingalls Industries by 30.1% during the 3rd quarter. Headlands Technologies LLC now owns 225 shares of the aerospace company’s stock worth $46,000 after acquiring an additional 52 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Barclays upped 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. JPMorgan Chase & Co. upped their price target on Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $276.97 on Monday. 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 company has a market capitalization of $10.97 billion, a P/E ratio of 16.20, a PEG ratio of 2.61 and a beta of 0.60. The stock’s 50 day moving average is $285.45 and its 200 day moving average is $260.34. Huntington Ingalls Industries, Inc. has a twelve month low of $188.51 and a twelve month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 1st. The aerospace company reported $6.90 EPS for the quarter, beating the consensus estimate 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 business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same period last year, the business posted $3.07 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 16.34 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders 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 annualized dividend and a yield of 1.88%. Huntington Ingalls Industries’s dividend payout ratio is 30.41%.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 900 shares of the 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 directly owns 19,100 shares in the company, valued at approximately $5,036,479. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Huntington Ingalls Industries news, VP D R. Wyatt sold 900 shares of the 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 directly owns 19,100 shares in the company, valued at approximately $5,036,479. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Jennifer R. Boykin sold 2,176 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $272.31, for a total value of $592,546.56. Following the transaction, the vice president now directly owns 6,877 shares in the company, valued at $1,872,675.87. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,472 shares of company stock worth $2,398,345. Insiders own 0.72% of the company’s stock.

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.