Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Purchased by USS Investment Management Ltd

USS Investment Management Ltd boosted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 32.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,100 shares of the aerospace company's stock after buying an additional 1,500 shares during the quarter. USS Investment Management Ltd's holdings in Huntington Ingalls Industries were worth $1,152,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Yousif Capital Management LLC grew its stake in shares of Huntington Ingalls Industries by 1.6% in the fourth quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company's stock worth $610,000 after acquiring an additional 52 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Huntington Ingalls Industries by 0.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 11,930 shares of the aerospace company's stock worth $2,254,000 after acquiring an additional 66 shares during the last quarter. 1834 Investment Advisors Co. boosted its holdings in shares of Huntington Ingalls Industries by 3.9% in the 4th quarter. 1834 Investment Advisors Co. now owns 1,932 shares of the aerospace company's stock valued at $365,000 after purchasing an additional 73 shares during the last quarter. Covestor Ltd raised its stake in shares of Huntington Ingalls Industries by 9.8% in the 4th quarter. Covestor Ltd now owns 815 shares of the aerospace company's stock valued at $154,000 after acquiring an additional 73 shares during the period. Finally, Sanctuary Advisors LLC boosted its holdings in shares of Huntington Ingalls Industries by 1.5% in the 4th quarter. Sanctuary Advisors LLC now owns 5,060 shares of the aerospace company's stock valued at $989,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. The Goldman Sachs Group upped 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 note on Friday, May 2nd. Barclays increased their price target on shares of 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. Finally, Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective on the stock in a report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $236.38.

Insiders Place Their Bets

In related news, Director Anastasi D. Kelly sold 1,960 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was 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 in the company, valued at $4,066,661.30. This trade represents a 10.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the transaction, the chief accounting officer now owns 2,884 shares of the company's stock, valued at $546,691.04. The trade was a 20.64% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,010 shares of company stock worth $899,510. 0.86% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Trading Down 0.8%

Shares of NYSE HII traded down $1.78 during mid-day trading on Friday, hitting $220.55. The stock had a trading volume of 163,049 shares, compared to its average volume of 534,041. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. The business has a 50 day moving average price of $217.19 and a two-hundred day moving average price of $199.64. The firm has a market cap of $8.65 billion, a P/E ratio of 15.83, a price-to-earnings-growth ratio of 1.15 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $285.81.

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

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $1.35 dividend. The ex-dividend date is Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a yield of 2.45%. Huntington Ingalls Industries's dividend payout ratio is presently 38.90%.

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.