Strs Ohio Takes Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Strs Ohio 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 SEC. The firm acquired 9,330 shares of the aerospace company's stock, valued at approximately $2,422,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its holdings in shares of Huntington Ingalls Industries by 1.2% in the 1st quarter. HighTower Advisors LLC now owns 7,072 shares of the aerospace company's stock valued at $1,403,000 after purchasing an additional 87 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in Huntington Ingalls Industries by 27.5% during the first quarter. D.A. Davidson & CO. now owns 1,467 shares of the aerospace company's stock valued at $293,000 after purchasing an additional 316 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Huntington Ingalls Industries during the first quarter valued at $60,000. MetLife Investment Management LLC lifted its stake in shares of Huntington Ingalls Industries by 23.0% in the first quarter. MetLife Investment Management LLC now owns 10,885 shares of the aerospace company's stock worth $2,171,000 after buying an additional 2,035 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Huntington Ingalls Industries by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,360 shares of the aerospace company's stock worth $1,069,000 after buying an additional 332 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Insider Activity

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 900 shares of the business's stock in a transaction on Monday, February 5th. The shares were sold at an average price of $263.69, for a total value of $237,321.00. Following the transaction, the vice president now directly owns 19,100 shares of the company's stock, valued at approximately $5,036,479. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Huntington Ingalls Industries news, VP D R. Wyatt sold 900 shares of the business's stock in a transaction on Monday, February 5th. The shares were sold at an average price of $263.69, for a total value of $237,321.00. Following the transaction, the vice president now directly owns 19,100 shares of the company's stock, valued at approximately $5,036,479. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Nicolas G. Schuck sold 1,293 shares of the company's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $291.28, for a total transaction of $376,625.04. Following the transaction, the chief accounting officer now directly owns 2,250 shares in the company, valued at $655,380. The disclosure for this sale can be found here. Insiders have sold 8,472 shares of company stock valued at $2,398,345 in the last ninety days. 0.72% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Stock Up 1.0 %

Huntington Ingalls Industries stock traded up $2.82 during trading on Friday, reaching $271.66. The stock had a trading volume of 346,649 shares, compared to its average volume of 327,225. Huntington Ingalls Industries, Inc. has a 52-week low of $188.51 and a 52-week high of $299.50. The business has a 50 day moving average price of $285.91 and a 200 day moving average price of $257.73. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 0.54. The stock has a market cap of $10.76 billion, a PE ratio of 15.89, a P/E/G ratio of 2.53 and a beta of 0.60.

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

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were issued a $1.30 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.91%. Huntington Ingalls Industries's payout ratio is 30.41%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HII shares. JPMorgan Chase & Co. raised their price target on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an "overweight" rating in a research note on Thursday, March 21st. Barclays raised their price objective on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 6th.

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.