1,788 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Acquired by Trust Point Inc.

Trust Point Inc. bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,788 shares of the aerospace company’s stock, valued at approximately $464,000.

Other hedge funds also recently bought and sold shares of the company. Morgan Stanley lifted its position in Huntington Ingalls Industries by 133.8% in the fourth quarter. Morgan Stanley now owns 1,285,139 shares of the aerospace company’s stock valued at $296,456,000 after purchasing an additional 735,356 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Huntington Ingalls Industries by 445.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 459,847 shares of the aerospace company’s stock valued at $95,198,000 after purchasing an additional 375,553 shares during the last quarter. Deutsche Bank AG lifted its position in Huntington Ingalls Industries by 124.0% in the first quarter. Deutsche Bank AG now owns 228,968 shares of the aerospace company’s stock valued at $47,401,000 after purchasing an additional 126,740 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in Huntington Ingalls Industries by 266.4% in the third quarter. Qube Research & Technologies Ltd now owns 171,496 shares of the aerospace company’s stock valued at $35,085,000 after purchasing an additional 124,685 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Huntington Ingalls Industries by 924.3% in the first quarter. Renaissance Technologies LLC now owns 117,800 shares of the aerospace company’s stock valued at $23,494,000 after purchasing an additional 106,300 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In related news, VP D R. Wyatt sold 900 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 19,100 shares of the company’s stock, valued at $5,036,479. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, VP D R. Wyatt sold 900 shares of the stock in a transaction 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 sale, the vice president now directly owns 19,100 shares of the company’s stock, valued at $5,036,479. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Nicolas G. Schuck sold 1,293 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $291.28, for a total value of $376,625.04. Following the completion of the sale, 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 a total of 8,472 shares of company stock valued at $2,398,345 over the last ninety days. Company insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HII shares. JPMorgan Chase & Co. boosted 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. Barclays upped their target price on Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Finally, StockNews.com upgraded Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, December 15th.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock opened at $286.08 on Friday. 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 company has a market cap of $11.33 billion, a PE ratio of 16.73, a P/E/G ratio of 2.70 and a beta of 0.60. The business has a 50 day moving average of $284.27 and a 200 day moving average of $252.38. 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 issued its quarterly earnings results 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 company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.07 earnings per share. As a group, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 16.36 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were paid a $1.30 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $5.20 annualized dividend and a yield of 1.82%. Huntington Ingalls Industries’s payout ratio is 30.41%.

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.