Principal Financial Group Inc. Has $25.66 Million Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Principal Financial Group Inc. decreased its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,777 shares of the aerospace company’s stock after selling 3,471 shares during the period. Principal Financial Group Inc. owned 0.35% of Huntington Ingalls Industries worth $25,660,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new position in Huntington Ingalls Industries during the 3rd quarter worth about $42,000. True Wealth Design LLC acquired a new position in Huntington Ingalls Industries during the 3rd quarter worth about $60,000. Wingate Wealth Advisors Inc. acquired a new position in Huntington Ingalls Industries during the 4th quarter worth about $48,000. Capital Performance Advisors LLP acquired a new position in Huntington Ingalls Industries during the 3rd quarter worth about $68,000. Finally, Transamerica Financial Advisors Inc. acquired a new position in Huntington Ingalls Industries during the 3rd quarter worth about $70,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Activity at Huntington Ingalls Industries

In other news, Director Thomas C. Schievelbein purchased 2,120 shares of Huntington Ingalls Industries stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of $164.82 per share, with a total value of $349,418.40. Following the transaction, the director now directly owns 7,967 shares in the company, valued at $1,313,120.94. The trade was a 36.26 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 0.72% of the stock is owned by insiders.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $170.44 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. The stock has a 50-day moving average of $188.08 and a 200-day moving average of $222.20. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $299.50. The stock has a market cap of $6.67 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 1.15 and a beta of 0.57.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (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%. As a group, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $1.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 annualized dividend and a dividend yield of 3.17%. Huntington Ingalls Industries’s dividend payout ratio is presently 38.68%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HII. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. TD Cowen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a report on Friday, November 1st. StockNews.com cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. The Goldman Sachs Group dropped their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a report on Monday, February 10th. Finally, Barclays dropped their price objective 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. Two equities 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $221.22.

About Huntington Ingalls Industries

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.