Nomura Holdings Inc. Makes New Investment in Huntington Ingalls Industries, Inc. (NYSE:HII)

Nomura Holdings Inc. bought a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,289 shares of the aerospace company's stock, valued at approximately $244,000.

Other institutional investors have also recently bought and sold shares of the company. Generali Asset Management SPA SGR acquired a new position in shares of Huntington Ingalls Industries in the fourth quarter worth $2,056,000. Assetmark Inc. increased its stake in shares of Huntington Ingalls Industries by 2,154.9% in the fourth quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock worth $1,474,000 after purchasing an additional 7,456 shares during the period. Northcape Wealth Management LLC acquired a new position in shares of Huntington Ingalls Industries during the fourth quarter worth approximately $3,642,000. Essential Planning LLC. acquired a new position in Huntington Ingalls Industries during the 4th quarter valued at $2,457,000. Finally, Integrated Quantitative Investments LLC bought a new position in shares of Huntington Ingalls Industries during the 4th quarter worth about $283,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Performance

HII traded down $0.95 during trading hours on Wednesday, reaching $226.89. The company's stock had a trading volume of 44,914 shares, compared to its average volume of 714,055. The company's 50-day moving average is $216.36 and its 200-day moving average is $199.34. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $285.81. The firm has a market cap of $8.90 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 1.15 and a beta of 0.31. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, beating the consensus estimate of $2.90 by $0.89. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.80 billion. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. Huntington Ingalls Industries's revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.87 earnings per share. On average, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.38%. The ex-dividend date is Friday, May 30th. Huntington Ingalls Industries's payout ratio is presently 38.90%.

Insiders Place Their Bets

In other news, VP Edmond E. Jr. Hughes sold 1,300 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total value of $301,483.00. Following the completion of the transaction, the vice president now directly owns 9,581 shares in the company, valued at approximately $2,221,929.71. This represents a 11.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the sale, the chief accounting officer now directly owns 2,884 shares in the company, valued at $546,691.04. The trade was a 20.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,010 shares of company stock worth $899,510 over the last three months. Insiders own 0.86% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HII shares. The Goldman Sachs Group upped their target price on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price for the company in a report on Thursday, May 15th. Finally, Barclays boosted their price target on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of "Hold" and a consensus price target of $236.38.

About Huntington Ingalls Industries

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.