Strs Ohio Buys New Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Strs Ohio purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,330 shares of the aerospace company’s stock, valued at approximately $2,422,000.

A number of other institutional investors also recently made changes to their positions in the stock. Louisiana State Employees Retirement System bought a new stake in Huntington Ingalls Industries during the fourth quarter worth approximately $623,000. Live Oak Private Wealth LLC acquired a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at $214,000. Cerity Partners LLC acquired a new position in Huntington Ingalls Industries during the fourth quarter worth about $392,000. Bay Harbor Wealth Management LLC bought a new stake in Huntington Ingalls Industries in the fourth quarter worth about $52,000. Finally, Seelaus Asset Management LLC acquired a new stake in Huntington Ingalls Industries in the 4th quarter valued at about $224,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 900 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $263.69, for a total transaction of $237,321.00. Following the completion of the sale, the vice president now directly owns 19,100 shares in the company, valued at approximately $5,036,479. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Edgar A. Green III sold 3,603 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $290.75, for a total value of $1,047,572.25. Following the transaction, the vice president now directly owns 7,461 shares of the company’s stock, valued at $2,169,285.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP D R. Wyatt sold 900 shares of Huntington Ingalls Industries stock in a transaction on Monday, February 5th. The shares were sold at an average price of $263.69, for a total value of $237,321.00. Following the sale, the vice president now directly owns 19,100 shares of the company’s stock, valued at approximately $5,036,479. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,472 shares of company stock worth $2,398,345. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Price Performance

NYSE HII opened at $271.66 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54. Huntington Ingalls Industries, Inc. has a 1 year low of $188.51 and a 1 year high of $299.50. The company has a market cap of $10.76 billion, a PE ratio of 15.89, a PEG ratio of 2.56 and a beta of 0.60. The stock’s 50-day moving average price is $285.91 and its two-hundred day moving average price is $257.35.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, February 1st. The aerospace company reported $6.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.27 by $2.63. Huntington Ingalls Industries had a net margin of 5.95% and a return on equity of 18.12%. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same quarter in the previous year, the business earned $3.07 earnings per share. The firm’s revenue was up 13.0% compared to the same quarter last year. On average, analysts predict that Huntington Ingalls Industries, Inc. will post 16.36 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were given a $1.30 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $5.20 annualized dividend and a dividend yield of 1.91%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 30.41%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HII. Barclays boosted their target price on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. JPMorgan Chase & Co. upped their price target on Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a report on Thursday, March 21st.

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.