Nuveen Asset Management LLC Grows Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Nuveen Asset Management LLC boosted its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 12.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,629 shares of the aerospace company's stock after buying an additional 18,685 shares during the period. Nuveen Asset Management LLC owned approximately 0.44% of Huntington Ingalls Industries worth $32,622,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in Huntington Ingalls Industries by 503.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock valued at $30,000 after buying an additional 131 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new position in Huntington Ingalls Industries in the 4th quarter valued at $48,000. Canada Post Corp Registered Pension Plan purchased a new position in Huntington Ingalls Industries in the 4th quarter valued at $70,000. SRS Capital Advisors Inc. grew its position in Huntington Ingalls Industries by 156.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock valued at $91,000 after buying an additional 294 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its position in Huntington Ingalls Industries by 37.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company's stock valued at $101,000 after buying an additional 145 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII traded up $3.17 during midday trading on Tuesday, hitting $227.91. 365,872 shares of the stock were exchanged, compared to its average volume of 531,959. The stock has a market cap of $8.94 billion, a P/E ratio of 16.33, a PEG ratio of 1.15 and a beta of 0.31. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $285.81. The company has a 50 day moving average price of $216.36 and a 200-day moving average price of $199.34.

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

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.90%.

Insider Transactions at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 1,300 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were 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 owns 9,581 shares of the company's stock, valued at approximately $2,221,929.71. The trade was a 11.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anastasi D. Kelly sold 1,960 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total transaction of $455,856.80. Following the completion of the transaction, the director now directly owns 17,485 shares of the company's stock, valued at $4,066,661.30. The trade was a 10.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,010 shares of company stock valued at $899,510 in the last 90 days. 0.86% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HII has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price objective on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Barclays raised their target price on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $236.38.

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.