Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Acquired by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. lifted its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,501 shares of the aerospace company’s stock after buying an additional 220 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Huntington Ingalls Industries were worth $649,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Quantbot Technologies LP acquired a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth approximately $25,000. Cranbrook Wealth Management LLC purchased a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth approximately $30,000. Almanack Investment Partners LLC. purchased a new stake in shares of Huntington Ingalls Industries during the third quarter worth approximately $42,000. Finally, Level Financial Advisors Inc. purchased a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth approximately $43,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $274.08 on Wednesday. The stock has a market cap of $10.86 billion, a PE ratio of 16.03, a P/E/G ratio of 2.59 and a beta of 0.60. 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 twelve month low of $188.51 and a twelve month high of $299.50. The stock has a fifty day simple moving average of $286.10 and a 200-day simple moving average of $256.68.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, February 1st. The aerospace company reported $6.90 earnings per share for the quarter, topping analysts’ consensus estimates of $4.27 by $2.63. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the prior year, the business posted $3.07 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. Equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.36 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 8th. Investors of record on Friday, February 23rd were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 1.90%. The ex-dividend date was Thursday, February 22nd. Huntington Ingalls Industries’s payout ratio is 30.41%.

Wall Street Analyst Weigh In

Several analysts have issued reports on HII shares. JPMorgan Chase & Co. upped their target price on Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Barclays increased their price target on Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th.

Insider Buying and Selling

In related news, CAO Nicolas G. Schuck sold 1,293 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $291.28, for a total transaction of $376,625.04. Following the transaction, the chief accounting officer now owns 2,250 shares of the company’s stock, valued at approximately $655,380. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Huntington Ingalls Industries news, VP D R. Wyatt sold 900 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $263.69, for a total value of $237,321.00. Following the sale, the vice president now owns 19,100 shares of the company’s stock, valued at approximately $5,036,479. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Nicolas G. Schuck sold 1,293 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $291.28, for a total value of $376,625.04. Following the completion of the sale, the chief accounting officer now directly owns 2,250 shares in the company, valued at approximately $655,380. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,472 shares of company stock valued at $2,398,345. Corporate insiders own 0.72% of the company’s stock.

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.