Cibc World Markets Corp Raises Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Cibc World Markets Corp increased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 16.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,178 shares of the aerospace company’s stock after purchasing an additional 852 shares during the quarter. Cibc World Markets Corp’s holdings in Huntington Ingalls Industries were worth $1,167,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Yousif Capital Management LLC raised its position in shares of Huntington Ingalls Industries by 1.6% in the 4th quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company’s stock worth $610,000 after acquiring an additional 52 shares in the last quarter. MML Investors Services LLC grew its stake in Huntington Ingalls Industries by 0.6% in the third quarter. MML Investors Services LLC now owns 11,363 shares of the aerospace company’s stock valued at $3,004,000 after purchasing an additional 71 shares during the last quarter. 1834 Investment Advisors Co. raised its holdings in Huntington Ingalls Industries by 3.9% in the fourth quarter. 1834 Investment Advisors Co. now owns 1,932 shares of the aerospace company’s stock worth $365,000 after purchasing an additional 73 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Huntington Ingalls Industries by 1.5% during the fourth quarter. Sanctuary Advisors LLC now owns 5,060 shares of the aerospace company’s stock valued at $989,000 after buying an additional 75 shares during the last quarter. Finally, Voya Financial Advisors Inc. boosted its holdings in shares of Huntington Ingalls Industries by 2.9% in the 3rd quarter. Voya Financial Advisors Inc. now owns 2,800 shares of the aerospace company’s stock valued at $737,000 after buying an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of HII opened at $201.46 on Friday. The business’s 50-day moving average is $187.89 and its two-hundred day moving average is $211.29. The company has a market capitalization of $7.90 billion, a P/E ratio of 14.43, a P/E/G ratio of 1.15 and a beta of 0.49. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $294.79. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, February 6th. The aerospace company reported $3.15 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%. Research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio is currently 38.68%.

Analyst Upgrades and Downgrades

Several research firms recently commented on HII. The Goldman Sachs Group decreased their target price on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a research report on Monday, February 10th. Barclays decreased their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $221.22.

Insider Buying and Selling

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein purchased 2,120 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the purchase, the director now directly owns 7,967 shares in the company, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the transaction, the chief accounting officer now owns 2,884 shares in the company, valued at $546,691.04. This represents a 20.64 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

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.