Northern Trust Corp Has $67.06 Million Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Northern Trust Corp grew its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,852 shares of the aerospace company's stock after acquiring an additional 32,344 shares during the period. Northern Trust Corp owned about 0.91% of Huntington Ingalls Industries worth $67,056,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of HII. Yousif Capital Management LLC increased its holdings in shares of Huntington Ingalls Industries by 1.6% in the 4th 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 during the period. Nomura Asset Management Co. Ltd. raised its holdings in shares of 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 valued at $2,254,000 after buying an additional 66 shares during the last quarter. 1834 Investment Advisors Co. grew its holdings in 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 worth $365,000 after buying an additional 73 shares in the last quarter. Covestor Ltd boosted its position in Huntington Ingalls Industries by 9.8% during the 4th quarter. Covestor Ltd now owns 815 shares of the aerospace company's stock worth $154,000 after acquiring an additional 73 shares during the period. Finally, Sanctuary Advisors LLC increased its holdings in shares of Huntington Ingalls Industries by 1.5% during the fourth quarter. Sanctuary Advisors LLC now owns 5,060 shares of the aerospace company's stock valued at $989,000 after purchasing an additional 75 shares during the period. Institutional investors own 90.46% of the company's stock.

Insider Buying and Selling

In other news, Director Thomas C. Schievelbein bought 2,120 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the purchase, the director now owns 7,967 shares of the company's stock, valued at $1,313,120.94. This trade represents a 36.26 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of Huntington Ingalls Industries stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total transaction of $301,483.00. Following the sale, the vice president now owns 9,581 shares in the company, valued at $2,221,929.71. This represents a 11.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,010 shares of company stock valued at $899,510. 0.86% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on HII shares. The Goldman Sachs Group raised their target price on 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 raised their target price on Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Huntington Ingalls Industries presently has a consensus rating of "Hold" and an average target price of $238.44.

Huntington Ingalls Industries Stock Performance

HII traded down $1.34 on Friday, hitting $231.61. The company had a trading volume of 329,269 shares, compared to its average volume of 524,680. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $285.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. The company's fifty day moving average price is $209.68 and its 200 day moving average price is $198.72. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 1.15 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the business earned $3.87 EPS. The business's revenue was down 2.5% on a year-over-year basis. Equities analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $1.35 dividend. The ex-dividend date is Friday, May 30th. This represents a $5.40 annualized dividend and a dividend yield of 2.33%. Huntington Ingalls Industries's dividend payout ratio is 38.90%.

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.