Huntington National Bank Purchases 109 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Huntington National Bank grew its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 23.1% during the 4th quarter, HoldingsChannel reports. The fund owned 581 shares of the aerospace company’s stock after purchasing an additional 109 shares during the period. Huntington National Bank’s holdings in Huntington Ingalls Industries were worth $110,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its stake in Huntington Ingalls Industries by 6.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,414 shares of the aerospace company’s stock worth $1,968,000 after purchasing an additional 610 shares during the last quarter. Groupama Asset Managment lifted its stake in shares of Huntington Ingalls Industries by 7.7% during the 4th quarter. Groupama Asset Managment now owns 6,332 shares of the aerospace company’s stock worth $1,193,000 after acquiring an additional 455 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Huntington Ingalls Industries by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company’s stock valued at $197,677,000 after acquiring an additional 29,670 shares during the period. Wellington Management Group LLP grew its holdings in shares of Huntington Ingalls Industries by 6.1% in the fourth quarter. Wellington Management Group LLP now owns 6,420 shares of the aerospace company’s stock worth $1,213,000 after purchasing an additional 370 shares during the last quarter. Finally, Allstate Corp bought a new position in Huntington Ingalls Industries in the 4th quarter worth about $237,000. Institutional investors own 90.46% of the company’s stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several brokerages have recently commented on HII. The Goldman Sachs Group cut their price target 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 decreased 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 report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $221.22.

Huntington Ingalls Industries Trading Down 7.2 %

HII opened at $184.81 on Monday. The company has a market cap of $7.25 billion, a P/E ratio of 13.24, a PEG ratio of 1.15 and a beta of 0.34. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $287.56. The business’s 50-day simple moving average is $187.92 and its 200-day simple moving average is $205.98. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data 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%. As a group, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.92%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 38.68%.

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.