Pacer Advisors Inc. Buys 613 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Pacer Advisors Inc. grew its stake in Huntington Ingalls Industries, Inc. (NYSE:HIIFree Report) by 23.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,186 shares of the aerospace company’s stock after acquiring an additional 613 shares during the period. Pacer Advisors Inc.’s holdings in Huntington Ingalls Industries were worth $827,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position in shares of Huntington Ingalls Industries during the third quarter valued at approximately $25,000. Almanack Investment Partners LLC. bought a new position in shares of Huntington Ingalls Industries during the third quarter valued at approximately $42,000. Headlands Technologies LLC boosted its stake in shares of Huntington Ingalls Industries by 30.1% during the third quarter. Headlands Technologies LLC now owns 225 shares of the aerospace company’s stock valued at $46,000 after purchasing an additional 52 shares in the last quarter. Bruce G. Allen Investments LLC bought a new position in shares of Huntington Ingalls Industries during the fourth quarter valued at approximately $48,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Huntington Ingalls Industries by 33.7% during the third quarter. Parkside Financial Bank & Trust now owns 238 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 60 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Trading Down 0.3 %

NYSE:HII opened at $286.50 on Thursday. Huntington Ingalls Industries, Inc. has a 52 week low of $188.51 and a 52 week high of $299.50. The firm has a 50 day moving average of $283.03 and a 200 day moving average of $251.63. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $11.35 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 2.71 and a beta of 0.60.

Huntington Ingalls Industries (NYSE:HIIGet Free Report) last posted its quarterly earnings results on Thursday, February 1st. The aerospace company reported $6.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.27 by $2.63. The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $2.78 billion. Huntington Ingalls Industries had a net margin of 5.95% and a return on equity of 18.12%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the company posted $3.07 earnings per share. As a group, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.36 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were issued a $1.30 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.82%. Huntington Ingalls Industries’s dividend payout ratio is currently 30.41%.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Edgar A. Green III sold 3,603 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $290.75, for a total value of $1,047,572.25. Following the completion of the transaction, the vice president now owns 7,461 shares of the company’s stock, valued at $2,169,285.75. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CAO Nicolas G. Schuck sold 1,293 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $291.28, for a total transaction of $376,625.04. Following the completion of the transaction, the chief accounting officer now owns 2,250 shares of the company’s stock, valued at $655,380. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Edgar A. Green III sold 3,603 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $290.75, for a total transaction of $1,047,572.25. Following the transaction, the vice president now directly owns 7,461 shares of the company’s stock, valued at approximately $2,169,285.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,472 shares of company stock valued at $2,398,345. Insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

HII has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. StockNews.com raised shares of Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 15th. Finally, Barclays increased their target price on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th.

View Our Latest Research Report on Huntington Ingalls Industries

About Huntington Ingalls Industries

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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