Victory Capital Management Inc. Has $1.85 Million Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Victory Capital Management Inc. increased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 276.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,120 shares of the aerospace company's stock after purchasing an additional 5,229 shares during the quarter. Victory Capital Management Inc.'s holdings in Huntington Ingalls Industries were worth $1,849,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Van ECK Associates Corp boosted its stake in shares of Huntington Ingalls Industries by 5,658.6% during the 4th quarter. Van ECK Associates Corp now owns 684,235 shares of the aerospace company's stock worth $177,655,000 after acquiring an additional 672,353 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in shares of Huntington Ingalls Industries by 266.4% during the 3rd 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 during the last quarter. Copeland Capital Management LLC boosted its position in shares of Huntington Ingalls Industries by 2,689.4% in the 4th quarter. Copeland Capital Management LLC now owns 80,587 shares of the aerospace company's stock worth $20,924,000 after buying an additional 77,698 shares in the last quarter. Bar Harbor Wealth Management purchased a new stake in shares of Huntington Ingalls Industries in the 3rd quarter worth about $7,595,000. Finally, Northern Trust Corp grew its stake in Huntington Ingalls Industries by 11.6% in the 3rd quarter. Northern Trust Corp now owns 351,432 shares of the aerospace company's stock valued at $71,896,000 after acquiring an additional 36,560 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Huntington Ingalls Industries Trading Down 0.2 %

Shares of NYSE:HII traded down $0.56 during midday trading on Friday, reaching $255.60. The company's stock had a trading volume of 272,686 shares, compared to its average volume of 397,120. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 2.39 and a beta of 0.60. The business has a 50 day moving average price of $275.13 and a 200 day moving average price of $263.89. Huntington Ingalls Industries, Inc. has a 1 year low of $194.52 and a 1 year high of $299.50. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.54.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.50 by $0.37. The company had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $2.81 billion. Huntington Ingalls Industries had a return on equity of 18.08% and a net margin of 6.09%. The firm's revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.23 EPS. Research analysts forecast that Huntington Ingalls Industries, Inc. will post 16.35 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Friday, May 31st. Huntington Ingalls Industries's dividend payout ratio is currently 29.31%.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 500 shares of the company's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $288.56, for a total transaction of $144,280.00. Following the completion of the sale, the vice president now directly owns 18,600 shares in the company, valued at approximately $5,367,216. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP Edgar A. Green III sold 3,603 shares of Huntington Ingalls Industries 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP D R. Wyatt sold 500 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $288.56, for a total value of $144,280.00. Following the completion of the sale, the vice president now owns 18,600 shares of the company's stock, valued at $5,367,216. The disclosure for this sale can be found here. Insiders have sold a total of 6,439 shares of company stock worth $1,831,345 in the last quarter. 0.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Barclays increased their price target on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 6th. StockNews.com downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. upped their price objective on Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an "overweight" rating in a research report on Thursday, March 21st.

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.