Resona Asset Management Co. Ltd. Takes $2.15 Million Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Resona Asset Management Co. Ltd. acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 11,369 shares of the aerospace company’s stock, valued at approximately $2,151,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in Huntington Ingalls Industries by 503.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 131 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Huntington Ingalls Industries during the fourth quarter worth approximately $48,000. Bruce G. Allen Investments LLC lifted its stake in Huntington Ingalls Industries by 43.4% during the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 85 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in Huntington Ingalls Industries by 156.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company’s stock worth $91,000 after purchasing an additional 294 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in Huntington Ingalls Industries by 37.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company’s stock worth $101,000 after purchasing an additional 145 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 equities research analysts have weighed in on HII shares. Barclays reduced their price objective on 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. The Goldman Sachs Group reduced their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Huntington Ingalls Industries presently has an average rating of “Hold” and an average price target of $221.22.

Huntington Ingalls Industries Trading Up 6.8 %

NYSE:HII opened at $200.27 on Thursday. The stock’s 50 day simple moving average is $187.40 and its 200-day simple moving average is $204.19. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $285.81. The firm has a market cap of $7.86 billion, a P/E ratio of 14.35, a PEG ratio of 1.15 and a beta of 0.34. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. Equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 38.68%.

Insider Activity

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein bought 2,120 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the acquisition, the director now owns 7,967 shares of the company’s stock, 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 is available through the SEC website. Also, CAO Nicolas G. Schuck sold 750 shares of the 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 completion of the sale, the chief accounting officer now owns 2,884 shares in the company, valued at $546,691.04. This represents a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

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.