Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lessened its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,514 shares of the aerospace company’s stock after selling 255 shares during the quarter. Securian Asset Management Inc.’s holdings in Huntington Ingalls Industries were worth $653,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HII. Teacher Retirement System of Texas grew its position in Huntington Ingalls Industries by 2.4% during the third quarter. Teacher Retirement System of Texas now owns 3,090 shares of the aerospace company’s stock valued at $632,000 after buying an additional 71 shares during the period. Daiwa Securities Group Inc. grew its position in Huntington Ingalls Industries by 4.0% during the third quarter. Daiwa Securities Group Inc. now owns 3,282 shares of the aerospace company’s stock valued at $671,000 after buying an additional 127 shares during the period. Duality Advisers LP acquired a new stake in Huntington Ingalls Industries during the third quarter valued at $544,000. Nomura Asset Management Co. Ltd. grew its position in shares of Huntington Ingalls Industries by 0.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 12,758 shares of the aerospace company’s stock valued at $2,610,000 after purchasing an additional 61 shares during the period. Finally, Signaturefd LLC grew its position in shares of Huntington Ingalls Industries by 147.8% in the third quarter. Signaturefd LLC now owns 508 shares of the aerospace company’s stock valued at $104,000 after purchasing an additional 303 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 1,500 shares of Huntington Ingalls Industries stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $256.07, for a total transaction of $384,105.00. Following the transaction, the vice president now directly owns 8,135 shares of the company’s stock, valued at $2,083,129.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Edmond E. Jr. Hughes sold 1,500 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now directly owns 8,135 shares of the company’s stock, valued at approximately $2,083,129.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Edgar A. Green III sold 3,603 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $290.75, for a total transaction of $1,047,572.25. Following the completion of the sale, the vice president now directly owns 7,461 shares in the company, valued at $2,169,285.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,439 shares of company stock worth $2,071,170. 0.72% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Barclays lifted their target price on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. lifted their target price on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Citigroup assumed coverage on shares of Huntington Ingalls Industries in a research report on Monday. They issued a “buy” rating and a $310.00 target price on the stock. Finally, StockNews.com lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $278.00.

Huntington Ingalls Industries Stock Performance

HII opened at $254.62 on Thursday. The firm has a market capitalization of $10.04 billion, a PE ratio of 14.35, a PEG ratio of 2.17 and a beta of 0.60. Huntington Ingalls Industries, Inc. has a twelve month low of $194.52 and a twelve month high of $299.50. The firm’s 50-day moving average price is $273.03 and its 200 day moving average price is $264.42. 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 results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.50 by $0.37. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. Huntington Ingalls Industries had a net margin of 6.09% and a return on equity of 18.08%. Huntington Ingalls Industries’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $3.23 earnings per share. As a group, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 16.35 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.04%. Huntington Ingalls Industries’s payout ratio is presently 29.31%.

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.