Pinnacle West Asset Management Inc. Has $270,000 Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Pinnacle West Asset Management Inc. grew its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 10.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,430 shares of the aerospace company’s stock after buying an additional 135 shares during the quarter. Pinnacle West Asset Management Inc.’s holdings in Huntington Ingalls Industries were worth $270,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northcape Wealth Management LLC acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $3,642,000. Stifel Financial Corp raised its position in shares of Huntington Ingalls Industries by 36.6% in the 3rd quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company’s stock valued at $6,181,000 after buying an additional 6,253 shares in the last quarter. O Keefe Stevens Advisory Inc. raised its position in shares of Huntington Ingalls Industries by 63.0% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company’s stock valued at $655,000 after buying an additional 1,339 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Huntington Ingalls Industries by 45.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock valued at $80,886,000 after buying an additional 95,324 shares in the last quarter. Finally, Old North State Wealth Management LLC raised its position in shares of Huntington Ingalls Industries by 60.6% in the 3rd quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company’s stock valued at $3,122,000 after buying an additional 4,450 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Trading Up 4.0 %

HII opened at $175.54 on Wednesday. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $299.50. 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 firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 1.15 and a beta of 0.57. The company’s 50 day moving average price is $187.14 and its two-hundred day moving average price is $220.78.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results 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%. As a group, research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio is currently 38.68%.

Insider Activity

In other news, Director Thomas C. Schievelbein acquired 2,120 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, February 13th. The shares were bought at an average cost of $164.82 per share, with a total value of $349,418.40. Following the purchase, the director now owns 7,967 shares in the company, valued at $1,313,120.94. This trade represents a 36.26 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. TD Cowen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a report on Friday, November 1st. StockNews.com lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Barclays decreased their price target on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Bank of America decreased their price target on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a report on Wednesday, November 13th. Finally, Deutsche Bank Aktiengesellschaft decreased 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 report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Huntington Ingalls Industries currently has an average rating of “Hold” and an average target price 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.