Insider Buying: Huntington Ingalls Industries, Inc. (NYSE:HII) Director Acquires 2,120 Shares of Stock

Huntington Ingalls Industries, Inc. (NYSE:HII) Director Thomas C. Schievelbein bought 2,120 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the acquisition, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $161.50 on Monday. The stock has a market cap of $6.32 billion, a P/E ratio of 11.57, a PEG ratio of 1.43 and a beta of 0.57. The company’s 50-day simple moving average is $190.18 and its 200 day simple moving average is $225.10. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $299.50. The company has a quick ratio of 0.73, a current ratio of 1.08 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 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%. As a group, research analysts forecast that Huntington Ingalls Industries, Inc. will post 15.14 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $1.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a yield of 3.34%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.68%.

Hedge Funds Weigh In On Huntington Ingalls Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Freestone Grove Partners LP acquired a new position in Huntington Ingalls Industries in the fourth quarter valued at about $8,954,000. Comerica Bank boosted its position in Huntington Ingalls Industries by 14.5% in the fourth quarter. Comerica Bank now owns 6,443 shares of the aerospace company’s stock valued at $1,218,000 after buying an additional 817 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in Huntington Ingalls Industries in the fourth quarter valued at about $10,063,000. Northern Trust Corp boosted its position in Huntington Ingalls Industries by 10.0% in the fourth quarter. Northern Trust Corp now owns 354,852 shares of the aerospace company’s stock valued at $67,056,000 after buying an additional 32,344 shares in the last quarter. Finally, Earnest Partners LLC lifted its position in shares of Huntington Ingalls Industries by 32.6% during the fourth quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company’s stock worth $157,216,000 after purchasing an additional 204,376 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on HII shares. Barclays dropped their target price on shares of 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. TD Cowen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a report on Friday, November 1st. 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 on the stock in a report on Monday, February 10th. Alembic Global Advisors downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a report on Friday, November 1st. Finally, Bank of America dropped their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Huntington Ingalls Industries currently has a consensus rating of “Hold” and a consensus 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.