Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp raised its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 5,658.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 684,235 shares of the aerospace company's stock after purchasing an additional 672,353 shares during the quarter. Van ECK Associates Corp owned 1.73% of Huntington Ingalls Industries worth $177,655,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC boosted its holdings in shares of Huntington Ingalls Industries by 0.5% during the 3rd quarter. FMR LLC now owns 2,511,066 shares of the aerospace company's stock valued at $513,714,000 after acquiring an additional 12,322 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of Huntington Ingalls Industries by 5.9% during the 3rd quarter. Earnest Partners LLC now owns 544,166 shares of the aerospace company's stock valued at $111,325,000 after acquiring an additional 30,296 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Huntington Ingalls Industries by 0.6% in the third quarter. Thompson Siegel & Walmsley LLC now owns 492,959 shares of the aerospace company's stock worth $100,850,000 after buying an additional 2,818 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 358,772 shares of the aerospace company's stock worth $73,398,000 after buying an additional 4,516 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Huntington Ingalls Industries by 11.6% in the third quarter. Northern Trust Corp now owns 351,432 shares of the aerospace company's stock worth $71,896,000 after buying an additional 36,560 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Price Performance

NYSE:HII traded down $1.62 during trading hours on Tuesday, hitting $276.93. 356,651 shares of the stock traded hands, compared to its average volume of 300,181. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 0.54. Huntington Ingalls Industries, Inc. has a 1 year low of $188.51 and a 1 year high of $299.50. The company has a market cap of $10.97 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 2.61 and a beta of 0.60. The stock has a 50 day moving average price of $285.32 and a 200 day moving average price of $260.76.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The aerospace company reported $6.90 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $2.78 billion. During the same quarter last year, the business posted $3.07 earnings per share. The company's revenue for the quarter was up 13.0% compared to the same quarter last year. Sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 16.34 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm 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 1.88%. The ex-dividend date of this dividend was Thursday, February 22nd. Huntington Ingalls Industries's payout ratio is 30.41%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HII shares. JPMorgan Chase & Co. raised their price objective on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an "overweight" rating in a report on Thursday, March 21st. Barclays raised their price objective 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.

Insider Activity at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 1,293 shares of the company's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $291.28, for a total transaction of $376,625.04. Following the sale, the chief accounting officer now owns 2,250 shares of the company's stock, valued at $655,380. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 1,293 shares of the business's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $291.28, for a total transaction of $376,625.04. Following 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 Securities & Exchange Commission, which is available at this hyperlink. Also, VP Edgar A. Green III sold 3,603 shares of the business's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $290.75, for a total transaction of $1,047,572.25. Following the transaction, the vice president now owns 7,461 shares in the company, valued at approximately $2,169,285.75. The disclosure for this sale can be found here. Insiders have sold a total of 8,472 shares of company stock valued at $2,398,345 over the last 90 days. 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.