Zurcher Kantonalbank Zurich Cantonalbank Has $4.45 Million Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,561 shares of the aerospace company’s stock after purchasing an additional 1,381 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of Huntington Ingalls Industries worth $4,452,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HII. Assetmark Inc. lifted its position in shares of Huntington Ingalls Industries by 316.9% during the third quarter. Assetmark Inc. now owns 346 shares of the aerospace company’s stock worth $91,000 after purchasing an additional 263 shares in the last quarter. Apollon Wealth Management LLC lifted its position in shares of Huntington Ingalls Industries by 16.1% during the third quarter. Apollon Wealth Management LLC now owns 1,097 shares of the aerospace company’s stock worth $290,000 after purchasing an additional 152 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Huntington Ingalls Industries by 2.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 97,456 shares of the aerospace company’s stock valued at $25,765,000 after buying an additional 2,149 shares during the period. Victory Capital Management Inc. lifted its holdings in Huntington Ingalls Industries by 1.9% in the third quarter. Victory Capital Management Inc. now owns 29,748 shares of the aerospace company’s stock valued at $7,865,000 after buying an additional 561 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in Huntington Ingalls Industries by 7.8% in the third quarter. CIBC Asset Management Inc now owns 5,753 shares of the aerospace company’s stock valued at $1,521,000 after buying an additional 414 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Huntington Ingalls Industries

In related news, Director Thomas C. Schievelbein acquired 2,120 shares of the stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $164.82 per share, with a total value of $349,418.40. Following the completion of the transaction, the director now directly owns 7,967 shares of the company’s stock, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the sale, the chief accounting officer now directly owns 2,884 shares of the company’s stock, valued at $546,691.04. This represents a 20.64 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

Analyst Ratings Changes

HII has been the topic of several analyst reports. Barclays cut their price objective 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. The Goldman Sachs Group cut their price objective on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a report on Monday, February 10th. Two equities 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 stock. According to data from MarketBeat, Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus target price of $221.22.

Huntington Ingalls Industries Stock Up 0.4 %

Shares of NYSE:HII opened at $196.34 on Friday. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $294.81. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. The company has a market capitalization of $7.70 billion, a PE ratio of 14.06, a PEG ratio of 1.15 and a beta of 0.49. The company has a 50 day moving average price of $186.27 and a two-hundred day moving average price of $213.92.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 6th. The aerospace company reported $3.15 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%. Analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio is 38.68%.

Huntington Ingalls Industries 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.