Meiji Yasuda Life Insurance Co Has $933,000 Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Meiji Yasuda Life Insurance Co lifted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 285.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,200 shares of the aerospace company’s stock after acquiring an additional 2,370 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Huntington Ingalls Industries were worth $933,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HII. Raymond James & Associates boosted its holdings in Huntington Ingalls Industries by 22.9% during the fourth quarter. Raymond James & Associates now owns 56,596 shares of the aerospace company’s stock worth $14,695,000 after buying an additional 10,539 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Huntington Ingalls Industries by 23.8% in the 4th quarter. Pacer Advisors Inc. now owns 3,186 shares of the aerospace company’s stock valued at $827,000 after buying an additional 613 shares in the last quarter. IFG Advisory LLC bought a new stake in Huntington Ingalls Industries in the 4th quarter valued at about $255,000. Ritholtz Wealth Management acquired a new position in Huntington Ingalls Industries in the fourth quarter valued at about $281,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Huntington Ingalls Industries by 6.7% during the 4th quarter. Fifth Third Bancorp now owns 9,661 shares of the aerospace company’s stock worth $2,508,000 after acquiring an additional 603 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, 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 value of $262,867.29. Following the completion of the transaction, the vice president now directly owns 11,961 shares in the company, valued at $3,014,530.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Edmond E. Jr. Hughes sold 1,500 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $256.07, for a total value of $384,105.00. Following the completion of the sale, the vice president now owns 8,135 shares in the company, valued at approximately $2,083,129.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jennifer R. Boykin sold 1,043 shares of Huntington Ingalls Industries stock in a transaction on Friday, May 10th. The stock was sold at an average price of $252.03, for a total value of $262,867.29. Following the transaction, the vice president now directly owns 11,961 shares of the company’s stock, valued at $3,014,530.83. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on HII. StockNews.com downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Citigroup assumed coverage on Huntington Ingalls Industries in a research report on Monday, May 20th. They set a “buy” rating and a $310.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $278.00.

Huntington Ingalls Industries Price Performance

HII traded up $0.22 during trading on Wednesday, hitting $279.98. 301,876 shares of the company traded hands, compared to its average volume of 301,834. Huntington Ingalls Industries, Inc. has a 1 year low of $199.11 and a 1 year high of $299.50. The company has a market cap of $11.04 billion, a PE ratio of 15.78, a P/E/G ratio of 2.37 and a beta of 0.53. The stock’s 50-day simple moving average is $253.69 and its two-hundred day simple moving average is $267.02. 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the prior year, the company posted $3.23 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.86%. Huntington Ingalls Industries’s dividend payout ratio is currently 29.31%.

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.