Huntington Ingalls Industries, Inc. (NYSE:HII) Position Lessened by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,828 shares of the aerospace company’s stock after selling 421 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Huntington Ingalls Industries were worth $3,369,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Huntington Ingalls Industries by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company’s stock valued at $950,391,000 after buying an additional 14,988 shares in the last quarter. Geode Capital Management LLC lifted its stake in Huntington Ingalls Industries by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,018,812 shares of the aerospace company’s stock valued at $268,520,000 after acquiring an additional 5,036 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in Huntington Ingalls Industries by 7.6% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 453,178 shares of the aerospace company’s stock worth $85,637,000 after acquiring an additional 31,934 shares in the last quarter. Sei Investments Co. grew its position in Huntington Ingalls Industries by 32.4% in the fourth 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 in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its holdings in shares of Huntington Ingalls Industries by 132.9% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company’s stock valued at $79,387,000 after purchasing an additional 239,688 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII opened at $204.39 on Tuesday. The company has a market cap of $8.02 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 1.15 and a beta of 0.49. The business has a 50 day moving average price of $188.51 and a 200 day moving average price of $207.88. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $291.97.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share 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%. 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 business 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. This represents a $5.40 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries’s payout ratio is presently 38.68%.

Insider Buying and Selling

In other news, Director Thomas C. Schievelbein bought 2,120 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost 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 in the company, valued at $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of the business’s stock in a transaction 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 directly owns 2,884 shares in the company, valued at $546,691.04. This trade 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 company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HII. The Goldman Sachs Group decreased their price objective on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a report on Monday, February 10th. Barclays lowered their price objective on 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $221.22.

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.