SBI Securities Co. Ltd. Takes Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

SBI Securities Co. Ltd. acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,020 shares of the aerospace company’s stock, valued at approximately $193,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Truvestments Capital LLC purchased a new stake in shares of Huntington Ingalls Industries during the 3rd quarter worth $42,000. True Wealth Design LLC acquired a new stake in shares of Huntington Ingalls Industries in the third quarter valued at about $60,000. Wingate Wealth Advisors Inc. purchased a new stake in Huntington Ingalls Industries during the fourth quarter worth about $48,000. Capital Performance Advisors LLP acquired a new position in Huntington Ingalls Industries during the third quarter worth about $68,000. Finally, Transamerica Financial Advisors Inc. purchased a new position in Huntington Ingalls Industries in the third quarter valued at about $70,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Up 0.1 %

HII opened at $193.76 on Friday. The firm has a market cap of $7.58 billion, a P/E ratio of 13.88, a PEG ratio of 1.15 and a beta of 0.57. The business’s fifty day simple moving average is $185.42 and its 200 day simple moving average is $217.34. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $294.81. 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 (NYSE:HII) last released its quarterly 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%. As a group, equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 annualized dividend and a yield of 2.79%. Huntington Ingalls Industries’s payout ratio is currently 38.68%.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein purchased 2,120 shares of the stock in a transaction on Thursday, February 13th. The stock was bought at an average price 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. This represents a 36.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.72% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. The Goldman Sachs Group decreased their price target on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research note on Monday, February 10th. Barclays decreased 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. Finally, Bank of America dropped their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research report on Wednesday, November 13th. Two 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $221.22.

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.