Massachusetts Financial Services Co. MA Has $1.97 Million Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Massachusetts Financial Services Co. MA increased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,414 shares of the aerospace company’s stock after purchasing an additional 610 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Huntington Ingalls Industries were worth $1,968,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its position in Huntington Ingalls Industries by 503.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock worth $30,000 after acquiring 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 boosted its stake in Huntington Ingalls Industries by 43.4% during 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. grew its holdings 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 buying an additional 294 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in Huntington Ingalls Industries by 37.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company’s stock worth $101,000 after buying an additional 145 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Insider Transactions at Huntington Ingalls Industries

In related news, 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 value of $142,170.00. Following the completion of the sale, the chief accounting officer now owns 2,884 shares in the company, valued at approximately $546,691.04. This represents a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 stock was bought at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the purchase, the director now directly 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 position. The disclosure for this purchase can be found here. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $187.31 on Wednesday. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $285.81. The stock has a 50-day simple moving average of $187.24 and a 200 day simple moving average of $204.70. 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 capitalization of $7.35 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 1.15 and a beta of 0.34.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share 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%. On average, research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a yield of 2.88%. Huntington Ingalls Industries’s payout ratio is presently 38.68%.

Wall Street Analysts Forecast Growth

HII has been the topic of several research analyst reports. Barclays lowered their price objective on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. The Goldman Sachs Group decreased their target price on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Huntington Ingalls Industries presently has an average rating of “Hold” and an average 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.