Sequoia Financial Advisors LLC Buys Shares of 6,345 Huntington Ingalls Industries, Inc. (NYSE:HII)

Sequoia Financial Advisors LLC acquired a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,345 shares of the aerospace company's stock, valued at approximately $1,647,000.

A number of other institutional investors also recently bought and sold shares of the company. Morgan Stanley boosted its stake in shares of Huntington Ingalls Industries by 133.8% during the 4th quarter. Morgan Stanley now owns 1,285,139 shares of the aerospace company's stock worth $296,456,000 after acquiring an additional 735,356 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Huntington Ingalls Industries by 445.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 459,847 shares of the aerospace company's stock valued at $95,198,000 after purchasing an additional 375,553 shares in the last quarter. Deutsche Bank AG grew its holdings in Huntington Ingalls Industries by 124.0% during the first quarter. Deutsche Bank AG now owns 228,968 shares of the aerospace company's stock valued at $47,401,000 after purchasing an additional 126,740 shares during the period. Qube Research & Technologies Ltd increased its position in Huntington Ingalls Industries by 266.4% in the third quarter. Qube Research & Technologies Ltd now owns 171,496 shares of the aerospace company's stock worth $35,085,000 after buying an additional 124,685 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Huntington Ingalls Industries by 924.3% in the first quarter. Renaissance Technologies LLC now owns 117,800 shares of the aerospace company's stock worth $23,494,000 after buying an additional 106,300 shares during the period. Institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on HII shares. StockNews.com raised shares of Huntington Ingalls Industries from a "buy" rating to a "strong-buy" rating in a report on Friday, December 15th. JPMorgan Chase & Co. lifted their target price on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an "overweight" rating in a research note on Thursday, March 21st. Finally, Barclays upped their target price on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 6th.

Huntington Ingalls Industries Price Performance

Shares of HII stock traded down $0.59 during mid-day trading on Friday, hitting $275.72. The company had a trading volume of 402,060 shares, compared to its average volume of 332,721. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.95 and a quick ratio of 0.89. The stock's 50 day moving average price is $285.76 and its 200-day moving average price is $255.33. Huntington Ingalls Industries, Inc. has a 52-week low of $188.51 and a 52-week high of $299.50. The company has a market capitalization of $10.92 billion, a P/E ratio of 16.12, a P/E/G ratio of 2.60 and a beta of 0.60.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The aerospace company reported $6.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.27 by $2.63. Huntington Ingalls Industries had a net margin of 5.95% and a return on equity of 18.12%. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same period in the previous year, the firm posted $3.07 EPS. Huntington Ingalls Industries's revenue for the quarter was up 13.0% compared to the same quarter last year. Equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 16.36 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Thursday, February 22nd. Huntington Ingalls Industries's payout ratio is presently 30.41%.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP Edgar A. Green III sold 3,603 shares of the company's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $290.75, for a total transaction of $1,047,572.25. Following the sale, the vice president now directly owns 7,461 shares of the company's stock, valued at approximately $2,169,285.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Nicolas G. Schuck sold 1,293 shares of Huntington Ingalls Industries stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $291.28, for a total value of $376,625.04. Following the completion of the transaction, the chief accounting officer now owns 2,250 shares in the company, valued at $655,380. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Edgar A. Green III sold 3,603 shares of the business's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $290.75, for a total value of $1,047,572.25. Following the sale, the vice president now directly owns 7,461 shares in the company, valued at $2,169,285.75. The disclosure for this sale can be found here. Insiders sold 8,472 shares of company stock worth $2,398,345 in the last quarter. 0.72% of the stock is owned by corporate insiders.

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.