US Bancorp DE Has $737,000 Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

US Bancorp DE raised its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 34.1% during the fourth quarter, HoldingsChannel reports. The firm owned 3,899 shares of the aerospace company’s stock after acquiring an additional 992 shares during the quarter. US Bancorp DE’s holdings in Huntington Ingalls Industries were worth $737,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of HII. Farther Finance Advisors LLC boosted its holdings in shares of Huntington Ingalls Industries by 40.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the aerospace company’s stock valued at $152,000 after purchasing an additional 167 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Huntington Ingalls Industries by 7.4% in the 3rd quarter. Principal Financial Group Inc. now owns 139,248 shares of the aerospace company’s stock valued at $36,812,000 after purchasing an additional 9,634 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Huntington Ingalls Industries by 316.9% in the 3rd quarter. Assetmark Inc. now owns 346 shares of the aerospace company’s stock valued at $91,000 after purchasing an additional 263 shares in the last quarter. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Huntington Ingalls Industries in the 3rd quarter valued at $529,000. Finally, Covestor Ltd boosted its holdings in shares of Huntington Ingalls Industries by 16.5% in the 3rd quarter. Covestor Ltd now owns 742 shares of the aerospace company’s stock valued at $196,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Bank of America cut their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a report on Wednesday, November 13th. The Goldman Sachs Group cut their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a report on Monday, February 10th. Finally, Barclays cut their price objective on 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $221.22.

Insider Buying and Selling

In other news, CAO Nicolas G. Schuck sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the sale, the chief accounting officer now owns 2,884 shares of the company’s stock, valued at $546,691.04. This trade represents a 20.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas C. Schievelbein acquired 2,120 shares of Huntington Ingalls Industries stock in a transaction dated 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 transaction, the director now 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 disclosure for this purchase can be found here. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Stock Up 0.7 %

Shares of NYSE:HII opened at $197.34 on Tuesday. The firm has a market cap of $7.74 billion, a P/E ratio of 14.14, a P/E/G ratio of 1.15 and a beta of 0.49. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $294.81. The business has a fifty day simple moving average of $185.77 and a 200 day simple moving average of $215.33.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. Analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Friday, February 28th. 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.