UniSuper Management Pty Ltd Buys 2,868 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

UniSuper Management Pty Ltd grew its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 44.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,319 shares of the aerospace company’s stock after buying an additional 2,868 shares during the period. UniSuper Management Pty Ltd’s holdings in Huntington Ingalls Industries were worth $1,761,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. River Road Asset Management LLC acquired a new stake in Huntington Ingalls Industries in the 4th quarter worth approximately $65,215,000. Diamond Hill Capital Management Inc. lifted its stake in shares of Huntington Ingalls Industries by 132.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company’s stock worth $79,387,000 after buying an additional 239,688 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth $36,191,000. Raymond James Financial Inc. acquired a new position in Huntington Ingalls Industries in the 4th quarter valued at $27,881,000. Finally, Sei Investments Co. raised its holdings in Huntington Ingalls Industries by 32.4% in the 4th quarter. Sei Investments Co. now owns 445,926 shares of the aerospace company’s stock worth $84,269,000 after acquiring an additional 109,134 shares during the period. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII opened at $205.22 on Monday. The business’s 50 day moving average is $188.48 and its 200-day moving average is $208.26. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $8.05 billion, a PE ratio of 14.70, a PEG ratio of 1.15 and a beta of 0.49. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $291.97.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly 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%. Sell-side analysts predict 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 announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $1.35 dividend. 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 2.63%. Huntington Ingalls Industries’s payout ratio is currently 38.68%.

Insider Buying and Selling

In other news, CAO Nicolas G. Schuck sold 750 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the sale, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. This represents a 20.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Thomas C. Schievelbein bought 2,120 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought 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. This trade represents a 36.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

HII has been the subject of several recent analyst reports. 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 note on Monday, February 10th. Barclays cut their price target 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 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $221.22.

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.