2,080 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Acquired by Stevens Capital Management LP

Stevens Capital Management LP purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,080 shares of the aerospace company’s stock, valued at approximately $393,000.

A number of other hedge funds also recently added to or reduced their stakes in HII. Pathstone Holdings LLC lifted its position in Huntington Ingalls Industries by 11.9% during the 3rd quarter. Pathstone Holdings LLC now owns 9,849 shares of the aerospace company’s stock worth $2,604,000 after acquiring an additional 1,044 shares during the period. Caprock Group LLC acquired a new stake in shares of Huntington Ingalls Industries in the 3rd quarter valued at approximately $277,000. PNC Financial Services Group Inc. increased its stake in Huntington Ingalls Industries by 2.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 12,950 shares of the aerospace company’s stock valued at $3,424,000 after purchasing an additional 334 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Huntington Ingalls Industries by 25.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 6,866 shares of the aerospace company’s stock valued at $1,815,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Citigroup Inc. increased its stake in Huntington Ingalls Industries by 3.6% in the 3rd quarter. Citigroup Inc. now owns 82,752 shares of the aerospace company’s stock valued at $21,878,000 after purchasing an additional 2,847 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Down 0.1 %

NYSE:HII opened at $201.46 on Monday. The firm has a market capitalization of $7.90 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 1.15 and a beta of 0.49. The stock has a 50 day moving average of $187.89 and a 200-day moving average of $210.39. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $294.24. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results 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%. Analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Barclays reduced their price objective on 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 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. Two equities 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. According to data from MarketBeat, Huntington Ingalls Industries presently has an average rating of “Hold” and an average target price of $221.22.

Insider Activity

In other news, CAO Nicolas G. Schuck sold 750 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. The trade was a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Thomas C. Schievelbein acquired 2,120 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $164.82 per share, with a total value of $349,418.40. Following the completion of the transaction, the director now 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. Corporate insiders own 0.72% of the company’s stock.

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.