Cibc World Markets Corp Acquires 852 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Cibc World Markets Corp boosted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 16.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,178 shares of the aerospace company’s stock after purchasing an additional 852 shares during the quarter. Cibc World Markets Corp’s holdings in Huntington Ingalls Industries were worth $1,167,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. River Road Asset Management LLC bought a new position in shares of Huntington Ingalls Industries during the fourth quarter worth $65,215,000. Diamond Hill Capital Management Inc. grew its position in shares of Huntington Ingalls Industries by 132.9% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company’s stock valued at $79,387,000 after purchasing an additional 239,688 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Huntington Ingalls Industries during the fourth quarter valued at about $36,191,000. FMR LLC lifted its position in shares of Huntington Ingalls Industries by 5.6% in the third quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock worth $930,383,000 after buying an additional 187,411 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Huntington Ingalls Industries during the fourth quarter valued at approximately $27,881,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Huntington Ingalls Industries

In other news, Director Thomas C. Schievelbein bought 2,120 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $164.82 per share, with a total value of $349,418.40. Following the transaction, the director now directly owns 7,967 shares in the company, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was 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 $546,691.04. This represents a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $201.46 on Friday. 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 capitalization of $7.90 billion, a P/E ratio of 14.43, a price-to-earnings-growth ratio of 1.15 and a beta of 0.49. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $294.79. The company’s 50-day moving average is $187.89 and its 200 day moving average is $211.29.

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

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.68%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio is presently 38.68%.

About Huntington Ingalls Industries

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.