Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Bought by South Dakota Investment Council

South Dakota Investment Council increased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 42.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,677 shares of the aerospace company’s stock after buying an additional 2,000 shares during the quarter. South Dakota Investment Council’s holdings in Huntington Ingalls Industries were worth $1,734,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC acquired a new stake in Huntington Ingalls Industries in the fourth quarter worth about $64,000. Aspire Private Capital LLC acquired a new stake in Huntington Ingalls Industries in the fourth quarter worth about $471,000. California Public Employees Retirement System lifted its holdings in Huntington Ingalls Industries by 0.7% in the fourth quarter. California Public Employees Retirement System now owns 223,473 shares of the aerospace company’s stock worth $58,023,000 after purchasing an additional 1,456 shares during the period. Foundry Partners LLC acquired a new stake in Huntington Ingalls Industries in the fourth quarter worth about $214,000. Finally, CWM LLC lifted its holdings in Huntington Ingalls Industries by 11.3% in the fourth quarter. CWM LLC now owns 1,384 shares of the aerospace company’s stock worth $359,000 after purchasing an additional 141 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HII shares. JPMorgan Chase & Co. upped 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 boosted their price target on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Edgar A. Green III sold 3,603 shares of the business’s stock in a transaction dated 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 owns 7,461 shares in the company, valued at approximately $2,169,285.75. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, VP D R. Wyatt sold 900 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $263.69, for a total value of $237,321.00. Following the completion of the sale, the vice president now owns 19,100 shares of the company’s stock, valued at approximately $5,036,479. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 shares were sold at an average price of $290.75, for a total value of $1,047,572.25. Following the completion of the sale, the vice president now directly owns 7,461 shares of the company’s stock, valued at approximately $2,169,285.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,472 shares of company stock worth $2,398,345. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock opened at $275.88 on Thursday. The company’s 50-day moving average price is $285.79 and its two-hundred day moving average price is $259.27. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54. The stock has a market cap of $10.93 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 2.59 and a beta of 0.60. Huntington Ingalls Industries, Inc. has a 52 week low of $188.51 and a 52 week high of $299.50.

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

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were issued a dividend of $1.30 per share. The ex-dividend date was Thursday, February 22nd. This represents a $5.20 annualized dividend and a yield of 1.88%. Huntington Ingalls Industries’s payout ratio is presently 30.41%.

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.