Allstate Corp Purchases Shares of 1,254 Huntington Ingalls Industries, Inc. (NYSE:HII)

Allstate Corp acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 1,254 shares of the aerospace company’s stock, valued at approximately $237,000.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Huntington Ingalls Industries by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company’s stock valued at $950,391,000 after purchasing an additional 14,988 shares during the period. Geode Capital Management LLC lifted its stake in Huntington Ingalls Industries by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,018,812 shares of the aerospace company’s stock valued at $268,520,000 after buying an additional 5,036 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Huntington Ingalls Industries by 7.6% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 453,178 shares of the aerospace company’s stock worth $85,637,000 after buying an additional 31,934 shares during the period. Sei Investments Co. boosted its holdings in shares of Huntington Ingalls Industries by 32.4% in the fourth quarter. Sei Investments Co. now owns 445,926 shares of the aerospace company’s stock worth $84,269,000 after buying an additional 109,134 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its position in shares of Huntington Ingalls Industries by 132.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company’s stock worth $79,387,000 after acquiring an additional 239,688 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the sale, the chief accounting officer now owns 2,884 shares of the company’s stock, valued at approximately $546,691.04. The trade was a 20.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas C. Schievelbein bought 2,120 shares of the business’s stock in a transaction 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 acquisition, the director now owns 7,967 shares of the company’s stock, valued at approximately $1,313,120.94. This represents a 36.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Trading Up 1.4 %

Huntington Ingalls Industries stock opened at $205.12 on Thursday. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $289.26. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The stock has a market cap of $8.05 billion, a P/E ratio of 14.69, a P/E/G ratio of 1.15 and a beta of 0.49. The company’s fifty day simple moving average is $188.38 and its 200-day simple moving average is $207.45.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. As a group, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.63%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries’s payout ratio is presently 38.68%.

Analyst Ratings Changes

HII has been the subject of several research analyst reports. Barclays reduced their price target on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. The Goldman Sachs Group reduced their target price on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Huntington Ingalls Industries presently has an average rating of “Hold” and a consensus target price of $221.22.

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.