Resona Asset Management Co. Ltd. Makes New $2.15 Million Investment in Huntington Ingalls Industries, Inc. (NYSE:HII)

Resona Asset Management Co. Ltd. bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) during the 4th quarter, Holdings Channel reports. The institutional investor bought 11,369 shares of the aerospace company’s stock, valued at approximately $2,151,000.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of Huntington Ingalls Industries by 503.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock worth $30,000 after buying an additional 131 shares during the period. Wingate Wealth Advisors Inc. purchased a new position in shares of Huntington Ingalls Industries in the 4th quarter worth $48,000. Bruce G. Allen Investments LLC raised its position in shares of Huntington Ingalls Industries by 43.4% in the 4th quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock worth $53,000 after buying an additional 85 shares during the period. SRS Capital Advisors Inc. raised its position in shares of Huntington Ingalls Industries by 156.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company’s stock worth $91,000 after buying an additional 294 shares during the period. Finally, Exchange Traded Concepts LLC raised its position in shares of Huntington Ingalls Industries by 37.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company’s stock worth $101,000 after buying an additional 145 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries stock in a transaction dated 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 directly owns 2,884 shares in the company, valued at approximately $546,691.04. This trade represents a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas C. Schievelbein bought 2,120 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the acquisition, the director now directly owns 7,967 shares of the company’s stock, valued at $1,313,120.94. The trade was a 36.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on HII shares. Barclays cut their target price on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. The Goldman Sachs Group lowered their price target on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average target price of $221.22.

Huntington Ingalls Industries Stock Up 6.8 %

Shares of Huntington Ingalls Industries stock opened at $200.27 on Thursday. The business has a 50-day moving average of $187.40 and a 200-day moving average of $204.19. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. The company has a market capitalization of $7.86 billion, a PE ratio of 14.35, a P/E/G ratio of 1.15 and a beta of 0.34. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $285.81.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing the consensus estimate 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, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $1.35 dividend. The ex-dividend date was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a yield of 2.70%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 38.68%.

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.