Daiwa Securities Group Inc. Has $910,000 Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Daiwa Securities Group Inc. raised its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 6.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,505 shares of the aerospace company’s stock after purchasing an additional 223 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Huntington Ingalls Industries were worth $910,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in Huntington Ingalls Industries during the 3rd quarter valued at approximately $25,000. Cranbrook Wealth Management LLC acquired a new stake in Huntington Ingalls Industries during the 4th quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Huntington Ingalls Industries during the 4th quarter valued at approximately $30,000. Level Financial Advisors Inc. acquired a new stake in Huntington Ingalls Industries during the 4th quarter valued at approximately $43,000. Finally, Headlands Technologies LLC boosted its holdings in shares of Huntington Ingalls Industries by 30.1% during the 3rd quarter. Headlands Technologies LLC now owns 225 shares of the aerospace company’s stock worth $46,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

Huntington Ingalls Industries stock opened at $275.88 on Thursday. Huntington Ingalls Industries, Inc. has a 52-week low of $188.51 and a 52-week high of $299.50. The stock’s 50 day moving average price is $285.79 and its two-hundred day moving average price is $259.27. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.89 and a current ratio of 0.95. The stock has a market capitalization of $10.93 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 2.59 and a beta of 0.60.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 1st. The aerospace company reported $6.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.27 by $2.63. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same period last year, the business earned $3.07 EPS. Huntington Ingalls Industries’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities analysts predict that Huntington Ingalls Industries, Inc. will post 16.36 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Thursday, February 22nd. Huntington Ingalls Industries’s dividend payout ratio is currently 30.41%.

Insider Buying and Selling

In related news, VP D R. Wyatt sold 900 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $263.69, for a total value of $237,321.00. Following the transaction, the vice president now directly owns 19,100 shares in the company, valued at approximately $5,036,479. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Huntington Ingalls Industries news, VP D R. Wyatt sold 900 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $263.69, for a total transaction of $237,321.00. Following the transaction, the vice president now directly owns 19,100 shares in the company, valued at approximately $5,036,479. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Nicolas G. Schuck sold 1,293 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $291.28, for a total value of $376,625.04. Following the transaction, the chief accounting officer now owns 2,250 shares in the company, valued at $655,380. The disclosure for this sale can be found here. Insiders have sold a total of 8,472 shares of company stock worth $2,398,345 in the last ninety days. Corporate insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Barclays increased their price target on Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th.

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.