New Age Alpha Advisors LLC Takes Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

New Age Alpha Advisors LLC bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,321 shares of the aerospace company’s stock, valued at approximately $628,000.

Other institutional investors have also bought and sold shares of the company. Generali Asset Management SPA SGR bought a new position in shares of Huntington Ingalls Industries in the fourth quarter worth about $2,056,000. Assetmark Inc. grew its position in Huntington Ingalls Industries by 2,154.9% in the fourth quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company’s stock worth $1,474,000 after acquiring an additional 7,456 shares in the last quarter. Northcape Wealth Management LLC bought a new position in shares of Huntington Ingalls Industries during the 4th quarter valued at approximately $3,642,000. Stifel Financial Corp increased its position in Huntington Ingalls Industries by 36.6% during the third quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company’s stock valued at $6,181,000 after acquiring an additional 6,253 shares during the last quarter. Finally, O Keefe Stevens Advisory Inc. grew its holdings in Huntington Ingalls Industries by 63.0% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company’s stock valued at $655,000 after purchasing an additional 1,339 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. The Goldman Sachs Group reduced their target price 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 reduced their price objective on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” 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 issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $221.22.

Huntington Ingalls Industries Trading Down 0.5 %

Huntington Ingalls Industries stock opened at $204.39 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. The stock has a market cap of $8.02 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 1.15 and a beta of 0.49. The stock has a 50-day moving average of $188.51 and a two-hundred day moving average of $207.88. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $291.97.

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 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 was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries’s payout ratio is 38.68%.

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 shares were bought at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the acquisition, the director now owns 7,967 shares in the company, valued at $1,313,120.94. This represents a 36.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the sale, the chief accounting officer now owns 2,884 shares of the company’s stock, valued at approximately $546,691.04. The trade was a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

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.