Sterling Capital Management LLC Purchases 855 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Sterling Capital Management LLC grew its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 56.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,360 shares of the aerospace company’s stock after purchasing an additional 855 shares during the quarter. Sterling Capital Management LLC’s holdings in Huntington Ingalls Industries were worth $446,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in Huntington Ingalls Industries by 503.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 131 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at $48,000. Bruce G. Allen Investments LLC grew its holdings in shares of 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 last quarter. SRS Capital Advisors Inc. lifted its stake in Huntington Ingalls Industries by 156.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company’s stock worth $91,000 after purchasing an additional 294 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in Huntington Ingalls Industries by 37.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company’s stock worth $101,000 after purchasing an additional 145 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HII shares. The Goldman Sachs Group upgraded Huntington Ingalls Industries from a “sell” rating to a “buy” rating and increased their target price for the company from $145.00 to $234.00 in a report on Friday, April 11th. Barclays dropped their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $231.11.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein acquired 2,120 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average cost of $164.82 per share, with a total value of $349,418.40. Following the completion of the transaction, the director now directly owns 7,967 shares of the company’s stock, valued at approximately $1,313,120.94. This represents a 36.26 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of the business’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 transaction, the chief accounting officer now directly owns 2,884 shares of the company’s stock, valued at approximately $546,691.04. This trade represents a 20.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Trading Up 1.7 %

Shares of NYSE HII opened at $219.22 on Friday. The stock has a market cap of $8.60 billion, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 1.15 and a beta of 0.34. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $285.81. The firm has a 50-day moving average of $192.53 and a 200 day moving average of $202.39.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data 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 net margin of 4.77% and a return on equity of 12.81%. As a group, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $1.35 per share. The ex-dividend date was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a yield of 2.46%. Huntington Ingalls Industries’s dividend payout ratio is currently 38.68%.

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.