Northwestern Mutual Wealth Management Co. boosted its position in Huntington Ingalls Industries, Inc. (NYSE:HII – Free Report) by 38,526.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,986,567 shares of the aerospace company’s stock after purchasing an additional 1,981,424 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.05% of Huntington Ingalls Industries worth $675,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also bought and sold shares of the company. Phoenix Financial Ltd. purchased a new stake in Huntington Ingalls Industries in the fourth quarter worth $281,000. New York Life Investment Management LLC increased its position in Huntington Ingalls Industries by 0.8% in the fourth quarter. New York Life Investment Management LLC now owns 5,307 shares of the aerospace company’s stock worth $1,805,000 after buying an additional 42 shares during the last quarter. Pinnacle Associates Ltd. purchased a new stake in Huntington Ingalls Industries in the fourth quarter worth $449,000. Allworth Financial LP increased its position in Huntington Ingalls Industries by 49.3% in the fourth quarter. Allworth Financial LP now owns 1,324 shares of the aerospace company’s stock worth $450,000 after buying an additional 437 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in Huntington Ingalls Industries by 1.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,487 shares of the aerospace company’s stock worth $1,526,000 after buying an additional 44 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms have issued reports on HII. Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Citigroup reduced their price target on Huntington Ingalls Industries from $465.00 to $441.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. The Goldman Sachs Group lifted their price target on Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. TD Cowen reduced their price target on Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $300.00 to $400.00 in a research report on Thursday, February 12th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $393.00.
Insider Buying and Selling at Huntington Ingalls Industries
In related news, EVP Eric D. Chewning sold 1,700 shares of Huntington Ingalls Industries stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total transaction of $736,848.00. Following the completion of the sale, the executive vice president owned 1,949 shares of the company’s stock, valued at approximately $844,774.56. This trade represents a 46.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Chad N. Boudreaux sold 4,400 shares of Huntington Ingalls Industries stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $422.45, for a total value of $1,858,780.00. Following the sale, the vice president directly owned 20,360 shares of the company’s stock, valued at $8,601,082. This represents a 17.77% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is currently owned by company insiders.
Huntington Ingalls Industries Price Performance
Shares of NYSE HII opened at $326.01 on Friday. The stock has a market cap of $12.84 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.43 and a beta of 0.29. Huntington Ingalls Industries, Inc. has a fifty-two week low of $215.04 and a fifty-two week high of $460.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19. The stock has a fifty day moving average of $383.51 and a 200-day moving average of $371.45.
Huntington Ingalls Industries (NYSE:HII – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.09. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business earned $3.79 earnings per share. Equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 17.29 earnings per share for the current year.
Huntington Ingalls Industries Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be paid a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.52 annualized dividend and a yield of 1.7%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 35.91%.
Huntington Ingalls Industries Profile
Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.
Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.
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