11,847 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Bought by High Ground Investment Management LLP

High Ground Investment Management LLP bought a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,847 shares of the aerospace company’s stock, valued at approximately $2,239,000. Huntington Ingalls Industries accounts for about 0.7% of High Ground Investment Management LLP’s portfolio, making the stock its 9th biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in Huntington Ingalls Industries by 503.8% in the 4th 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 period. Truvestments Capital LLC purchased a new stake in shares of Huntington Ingalls Industries in the third quarter worth approximately $42,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $48,000. Bruce G. Allen Investments LLC boosted its holdings in Huntington Ingalls Industries by 43.4% during the 4th quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock valued at $53,000 after acquiring an additional 85 shares during the period. Finally, True Wealth Design LLC bought a new position in Huntington Ingalls Industries in the 3rd quarter valued at $60,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. The Goldman Sachs Group decreased their target price on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a research report on Monday, February 10th. Barclays lowered their price objective on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Huntington Ingalls Industries currently has an average rating of “Hold” and an average target price of $221.22.

Insider Activity

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the sale, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. This trade represents a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the purchase, 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 position. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Price Performance

NYSE HII opened at $202.87 on Friday. The company has a market cap of $7.96 billion, a PE ratio of 14.53, a P/E/G ratio of 1.15 and a beta of 0.49. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $293.17. 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 firm’s 50 day moving average price is $188.42 and its 200-day moving average price is $209.40.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results 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%. Sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a yield of 2.66%. Huntington Ingalls Industries’s payout ratio is 38.68%.

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.