Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 11.6% during the first quarter, HoldingsChannel.com reports. The firm owned 3,911 shares of the aerospace company’s stock after purchasing an additional 406 shares during the period. Daiwa Securities Group Inc.’s holdings in Huntington Ingalls Industries were worth $1,140,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Fidelis Capital Partners LLC purchased a new stake in Huntington Ingalls Industries during the first quarter worth $31,000. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Huntington Ingalls Industries by 4.8% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,385 shares of the aerospace company’s stock worth $404,000 after buying an additional 64 shares in the last quarter. Pullen Investment Management LLC acquired a new stake in Huntington Ingalls Industries in the 1st quarter valued at about $2,237,000. High Note Wealth LLC increased its holdings in Huntington Ingalls Industries by 15.5% during the 1st quarter. High Note Wealth LLC now owns 5,457 shares of the aerospace company’s stock valued at $1,591,000 after acquiring an additional 732 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in Huntington Ingalls Industries by 18.6% during the first quarter. BNP Paribas Financial Markets now owns 79,585 shares of the aerospace company’s stock worth $23,197,000 after acquiring an additional 12,495 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $246.68 on Thursday. The stock has a fifty day moving average price of $248.91 and a 200 day moving average price of $265.86. Huntington Ingalls Industries, Inc. has a 52 week low of $199.11 and a 52 week high of $299.50. The firm has a market capitalization of $9.73 billion, a P/E ratio of 13.91, a PEG ratio of 2.07 and a beta of 0.53. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, May 2nd. The aerospace company reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $3.50 by $0.37. Huntington Ingalls Industries had a net margin of 6.09% and a return on equity of 18.08%. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the prior year, the company posted $3.23 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $1.30 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.11%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.31%.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP Jennifer R. Boykin sold 1,043 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $252.03, for a total transaction of $262,867.29. Following the completion of the sale, the vice president now directly owns 11,961 shares in the company, valued at approximately $3,014,530.83. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jennifer R. Boykin sold 1,043 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $252.03, for a total transaction of $262,867.29. Following the sale, the vice president now directly owns 11,961 shares of the company’s stock, valued at approximately $3,014,530.83. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on HII shares. StockNews.com cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note 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 began coverage on shares of Huntington Ingalls Industries in a research note on Monday, May 20th. They issued a “buy” rating and a $310.00 target price for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $278.00.

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.