Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Purchased by Pinnacle West Asset Management Inc.

Pinnacle West Asset Management Inc. lifted its position in Huntington Ingalls Industries, Inc. (NYSE:HIIFree Report) by 20.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,180 shares of the aerospace company’s stock after purchasing an additional 200 shares during the quarter. Pinnacle West Asset Management Inc.’s holdings in Huntington Ingalls Industries were worth $306,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC raised its position in Huntington Ingalls Industries by 4.9% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 2,621 shares of the aerospace company’s stock valued at $681,000 after purchasing an additional 123 shares during the period. Valley National Advisers Inc. purchased a new position in Huntington Ingalls Industries during the 4th quarter valued at about $1,094,000. Raymond James & Associates grew its position in Huntington Ingalls Industries by 22.9% in the 4th quarter. Raymond James & Associates now owns 56,596 shares of the aerospace company’s stock valued at $14,695,000 after acquiring an additional 10,539 shares in the last quarter. UBS Group AG lifted its position in shares of Huntington Ingalls Industries by 28.4% during the fourth quarter. UBS Group AG now owns 159,061 shares of the aerospace company’s stock worth $41,299,000 after purchasing an additional 35,142 shares in the last quarter. Finally, Prevatt Capital Ltd purchased a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $15,578,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP Edmond E. Jr. Hughes sold 1,500 shares of Huntington Ingalls Industries stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $256.07, for a total transaction of $384,105.00. Following the sale, the vice president now owns 8,135 shares in the company, valued at $2,083,129.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Edmond E. Jr. Hughes sold 1,500 shares of Huntington Ingalls Industries stock in a transaction on Monday, May 20th. The shares were sold at an average price of $256.07, for a total value of $384,105.00. Following the transaction, the vice president now directly owns 8,135 shares of the company’s stock, valued at approximately $2,083,129.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jennifer R. Boykin sold 1,043 shares of Huntington Ingalls Industries stock in a transaction on Friday, May 10th. The shares were sold at an average price of $252.03, for a total transaction of $262,867.29. Following the completion of the transaction, the vice president now owns 11,961 shares in the company, valued at $3,014,530.83. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

Huntington Ingalls Industries Stock Down 0.3 %

Shares of NYSE HII traded down $0.70 during midday trading on Friday, hitting $249.93. 5,655 shares of the company’s stock were exchanged, compared to its average volume of 303,765. The firm’s fifty day simple moving average is $264.56 and its 200-day simple moving average is $265.67. The company has a market cap of $9.85 billion, a PE ratio of 14.13, a P/E/G ratio of 2.15 and a beta of 0.56. Huntington Ingalls Industries, Inc. has a twelve month low of $199.11 and a twelve month high of $299.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.89.

Huntington Ingalls Industries (NYSE:HIIGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.50 by $0.37. The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.81 billion. Huntington Ingalls Industries had a net margin of 6.09% and a return on equity of 18.08%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $3.23 earnings per share. Research analysts predict that Huntington Ingalls Industries, Inc. will post 16.35 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $1.30 dividend. The ex-dividend date is Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.08%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.31%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HII. StockNews.com cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. increased their price objective on Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Finally, Citigroup assumed coverage on Huntington Ingalls Industries in a research note on Monday, May 20th. They set a “buy” rating and a $310.00 target price for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $278.00.

View Our Latest Research Report on HII

Huntington Ingalls Industries Company Profile

(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.

See Also

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

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