Commerce Bank Buys 1,113 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Commerce Bank raised its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 19.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,904 shares of the aerospace company’s stock after purchasing an additional 1,113 shares during the quarter. Commerce Bank’s holdings in Huntington Ingalls Industries were worth $1,305,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR bought a new position in Huntington Ingalls Industries during the fourth quarter worth $2,056,000. Assetmark Inc. raised its position in shares of Huntington Ingalls Industries by 2,154.9% in the 4th quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company’s stock worth $1,474,000 after acquiring an additional 7,456 shares in the last quarter. Northcape Wealth Management LLC acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at about $3,642,000. O Keefe Stevens Advisory Inc. boosted its position in shares of Huntington Ingalls Industries by 63.0% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company’s stock valued at $655,000 after purchasing an additional 1,339 shares in the last quarter. Finally, Essential Planning LLC. acquired a new stake in Huntington Ingalls Industries during the fourth quarter worth approximately $2,457,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

HII opened at $218.18 on Tuesday. The company has a market cap of $8.56 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 1.15 and a beta of 0.34. The company’s fifty day moving average price is $193.62 and its two-hundred day moving average price is $201.31. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $285.81. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 EPS 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%. On average, analysts expect 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. Stockholders 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 annualized dividend and a dividend yield of 2.48%. Huntington Ingalls Industries’s payout ratio is 38.68%.

Insider Activity

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein acquired 2,120 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were acquired 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 owns 7,967 shares in the company, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Nicolas G. Schuck sold 750 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were 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 of the company’s stock, valued at approximately $546,691.04. This represents a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HII shares. The Goldman Sachs Group upgraded Huntington Ingalls Industries from a “sell” rating to a “buy” rating and increased their price target for the stock from $145.00 to $234.00 in a report on Friday, April 11th. Barclays reduced their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $231.11.

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.