Grantham Mayo Van Otterloo & Co. LLC Purchases New Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Grantham Mayo Van Otterloo & Co. LLC purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 9,716 shares of the aerospace company’s stock, valued at approximately $1,836,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in Huntington Ingalls Industries by 503.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock worth $30,000 after buying an additional 131 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new position in shares of Huntington Ingalls Industries during the 4th quarter worth about $48,000. Bruce G. Allen Investments LLC raised its holdings in shares of Huntington Ingalls Industries by 43.4% in the 4th quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 85 shares during the period. SRS Capital Advisors Inc. lifted its stake in Huntington Ingalls Industries by 156.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company’s stock valued at $91,000 after purchasing an additional 294 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in Huntington Ingalls Industries by 37.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company’s stock worth $101,000 after purchasing an additional 145 shares during the period. Institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. The Goldman Sachs Group dropped their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research note on Monday, February 10th. Barclays cut their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $221.22.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII opened at $183.30 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 13.13, a P/E/G ratio of 1.15 and a beta of 0.34. The stock’s fifty day moving average price is $187.53 and its two-hundred day moving average price is $205.38. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $287.56.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. On average, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 annualized dividend and a dividend yield of 2.95%. Huntington Ingalls Industries’s dividend payout ratio is presently 38.68%.

Insider Activity

In related news, Director Thomas C. Schievelbein purchased 2,120 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the transaction, the director now owns 7,967 shares of the company’s stock, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Nicolas G. Schuck sold 750 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the sale, the chief accounting officer now directly owns 2,884 shares of the company’s stock, valued at $546,691.04. This represents a 20.64 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

Huntington Ingalls Industries 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.