Nisa Investment Advisors LLC Purchases 2,403 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Nisa Investment Advisors LLC boosted its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 78.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,478 shares of the aerospace company’s stock after purchasing an additional 2,403 shares during the period. Nisa Investment Advisors LLC’s holdings in Huntington Ingalls Industries were worth $1,035,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. bought a new position in shares of Huntington Ingalls Industries in the third quarter valued at approximately $29,000. Northwest Investment Counselors LLC purchased a new position in Huntington Ingalls Industries in the third quarter worth $40,000. Truvestments Capital LLC bought a new position in Huntington Ingalls Industries in the 3rd quarter valued at $42,000. True Wealth Design LLC purchased a new stake in shares of Huntington Ingalls Industries during the 3rd quarter valued at $60,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Huntington Ingalls Industries during the 3rd quarter worth $68,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insiders Place Their Bets

In other news, VP D R. Wyatt sold 400 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the transaction, the vice president now owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. The trade was a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Vertical Research lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target for the company. in a research report on Thursday, October 10th. Barclays decreased their price target on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. The Goldman Sachs Group dropped their price objective on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. StockNews.com downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Bank of America dropped their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $228.89.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII opened at $202.92 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. Huntington Ingalls Industries, Inc. has a fifty-two week low of $184.29 and a fifty-two week high of $299.50. The stock has a market cap of $7.94 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 1.85 and a beta of 0.56. The stock has a fifty day moving average of $194.29 and a 200-day moving average of $233.81.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the previous year, the firm earned $3.70 EPS. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. Equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 14 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Friday, November 29th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio is 30.49%.

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.