Charles Schwab Investment Management Inc. Acquires 6,080 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Charles Schwab Investment Management Inc. raised its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 362,396 shares of the aerospace company’s stock after buying an additional 6,080 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Huntington Ingalls Industries were worth $68,482,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HII. Principal Financial Group Inc. raised its position in Huntington Ingalls Industries by 7.4% in the third 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 during the last quarter. Assetmark Inc. raised its position in Huntington Ingalls Industries by 316.9% in the third quarter. Assetmark Inc. now owns 346 shares of the aerospace company’s stock valued at $91,000 after purchasing an additional 263 shares during the last quarter. Mesirow Financial Investment Management Inc. bought a new position in Huntington Ingalls Industries in the third quarter valued at about $529,000. Axxcess Wealth Management LLC raised its position in Huntington Ingalls Industries by 4.9% in the third quarter. Axxcess Wealth Management LLC now owns 1,584 shares of the aerospace company’s stock valued at $419,000 after purchasing an additional 74 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in Huntington Ingalls Industries by 698.5% in the third quarter. Venturi Wealth Management LLC now owns 543 shares of the aerospace company’s stock valued at $144,000 after purchasing an additional 475 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on HII shares. Barclays dropped their target price on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Bank of America decreased their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research note on Wednesday, November 13th. Finally, The Goldman Sachs Group decreased their price target on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus price target of $221.22.

Huntington Ingalls Industries Trading Down 1.1 %

NYSE HII opened at $194.86 on Wednesday. The business has a 50 day simple moving average of $185.88 and a 200 day simple moving average of $214.77. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $294.81. The stock has a market capitalization of $7.65 billion, a P/E ratio of 13.96, a P/E/G ratio of 1.15 and a beta of 0.49. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01.

Huntington Ingalls Industries (NYSE:HII) last released 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 return on equity of 12.81% and a net margin of 4.77%. Research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $1.35 per share. The ex-dividend date is Friday, February 28th. This represents a $5.40 annualized dividend and a yield of 2.77%. Huntington Ingalls Industries’s dividend payout ratio is currently 38.68%.

Insider Buying and Selling

In other news, Director Thomas C. Schievelbein purchased 2,120 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were acquired at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the acquisition, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the transaction, the chief accounting officer now owns 2,884 shares in the company, valued at approximately $546,691.04. The trade was a 20.64 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

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.