Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Acquired by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. grew its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 26.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,574 shares of the aerospace company’s stock after purchasing an additional 1,165 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in Huntington Ingalls Industries were worth $1,053,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of HII. Van ECK Associates Corp raised its holdings in shares of Huntington Ingalls Industries by 94.5% in the 3rd quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock valued at $455,222,000 after purchasing an additional 863,800 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at $36,191,000. FMR LLC raised its holdings in shares of Huntington Ingalls Industries by 5.6% in the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock valued at $930,383,000 after purchasing an additional 187,411 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in Huntington Ingalls Industries during the 3rd quarter worth $47,698,000. Finally, JPMorgan Chase & Co. raised its stake in Huntington Ingalls Industries by 45.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock worth $80,886,000 after acquiring an additional 95,324 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Up 4.0 %

HII stock opened at $175.54 on Wednesday. The company has a market cap of $6.87 billion, a P/E ratio of 12.57, a P/E/G ratio of 1.15 and a beta of 0.57. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $299.50. The company’s 50-day moving average price is $187.14 and its 200 day moving average price is $220.78. 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 announced its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (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, research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries’s payout ratio is currently 38.68%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HII. The Goldman Sachs Group cut their price target on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. in a research note on Friday, November 1st. TD Cowen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a research report on Friday, November 1st. Finally, StockNews.com downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $221.22.

Insider Activity

In other news, Director Thomas C. Schievelbein acquired 2,120 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was 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 directly owns 7,967 shares in the company, valued at approximately $1,313,120.94. This represents a 36.26 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.72% of the company’s stock.

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.