Mitsubishi UFJ Asset Management Co. Ltd. Grows Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,503 shares of the aerospace company’s stock after buying an additional 3,118 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.17% of Huntington Ingalls Industries worth $12,508,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in HII. EverSource Wealth Advisors LLC lifted its stake in Huntington Ingalls Industries by 503.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 131 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at about $48,000. Bruce G. Allen Investments LLC lifted its position in shares of Huntington Ingalls Industries by 43.4% in the 4th quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 85 shares during the period. SRS Capital Advisors Inc. boosted its stake in shares of Huntington Ingalls Industries by 156.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company’s stock valued at $91,000 after purchasing an additional 294 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in Huntington Ingalls Industries by 37.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company’s stock valued at $101,000 after buying an additional 145 shares during the period. Institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on HII. Barclays lowered their target price 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. The Goldman Sachs Group decreased their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $221.22.

Insider Activity

In other news, Director Thomas C. Schievelbein bought 2,120 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the transaction, the director now directly owns 7,967 shares in the company, valued at approximately $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 accessible through the SEC website. 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 transaction of $142,170.00. Following the completion of the transaction, the chief accounting officer now owns 2,884 shares in the company, valued at approximately $546,691.04. This trade represents a 20.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Trading Down 0.5 %

Shares of NYSE:HII opened at $204.39 on Tuesday. The business’s 50-day moving average is $188.51 and its 200 day moving average is $207.88. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $291.97. The firm has a market capitalization of $8.02 billion, a P/E ratio of 14.64, a P/E/G ratio of 1.15 and a beta of 0.49.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data 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 net margin of 4.77% and a return on equity of 12.81%. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 annualized dividend and a dividend yield of 2.64%. Huntington Ingalls Industries’s payout ratio is currently 38.68%.

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.