Voya Investment Management LLC Purchases 4,213 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Voya Investment Management LLC increased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 30.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,218 shares of the aerospace company’s stock after buying an additional 4,213 shares during the period. Voya Investment Management LLC’s holdings in Huntington Ingalls Industries were worth $3,443,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in HII. Vanguard Group Inc. raised its holdings 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 purchasing an additional 14,988 shares in the last quarter. Geode Capital Management LLC raised its stake in Huntington Ingalls Industries by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company’s stock worth $197,677,000 after buying an additional 29,670 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Huntington Ingalls Industries by 15.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 578,488 shares of the aerospace company’s stock worth $109,316,000 after buying an additional 77,718 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in Huntington Ingalls Industries by 7.6% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 453,178 shares of the aerospace company’s stock valued at $85,637,000 after acquiring an additional 31,934 shares in the last quarter. Finally, Sei Investments Co. boosted its position in Huntington Ingalls Industries by 32.4% during the 4th quarter. Sei Investments Co. now owns 445,926 shares of the aerospace company’s stock valued at $84,269,000 after acquiring an additional 109,134 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HII. The Goldman Sachs Group upgraded Huntington Ingalls Industries from a “sell” rating to a “buy” rating and upped their price objective for the stock from $145.00 to $234.00 in a research note on Friday, April 11th. Barclays decreased 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 research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $231.11.

Insider Buying and Selling

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein purchased 2,120 shares of the stock in a transaction on Thursday, February 13th. The shares were bought at an average cost of $164.82 per share, with a total value of $349,418.40. Following the completion of the acquisition, the director now 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 filing with the SEC, which is accessible through the SEC website. Also, 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 sale, the chief accounting officer now directly owns 2,884 shares in the company, valued at $546,691.04. This represents a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Down 1.1 %

HII stock opened at $227.91 on Friday. The stock has a market capitalization of $8.94 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 1.15 and a beta of 0.34. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $285.81. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average of $202.72 and a 200 day moving average of $200.29.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, topping the consensus estimate of $2.90 by $0.89. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.80 billion. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.87 earnings per share. Sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, May 30th. Huntington Ingalls Industries’s payout ratio is 38.68%.

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.