Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 99,747 shares of the aerospace company’s stock after buying an additional 2,291 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.25% of Huntington Ingalls Industries worth $18,849,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in HII. Van ECK Associates Corp grew its stake in shares of Huntington Ingalls Industries by 94.5% during the 3rd quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock worth $455,222,000 after purchasing an additional 863,800 shares during the period. FMR LLC grew its stake in shares of Huntington Ingalls Industries by 5.6% during the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock worth $930,383,000 after purchasing an additional 187,411 shares during the period. Diamond Hill Capital Management Inc. acquired a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth $47,698,000. JPMorgan Chase & Co. grew its stake in shares of 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 purchasing an additional 95,324 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Huntington Ingalls Industries by 36.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 323,829 shares of the aerospace company’s stock worth $85,614,000 after purchasing an additional 85,698 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Price Performance

NYSE:HII opened at $163.37 on Thursday. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 0.58. The company’s 50-day moving average is $191.27 and its two-hundred day moving average is $227.12. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last released 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 net margin of 4.77% and a return on equity of 12.81%. Research analysts expect that Huntington Ingalls Industries, Inc. will post 15.14 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $1.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a yield of 3.31%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 38.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered 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. Barclays decreased their price objective on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday. Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a research report on Friday, November 1st. The Goldman Sachs Group decreased their price objective on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research report on Monday. Finally, StockNews.com lowered 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, Huntington Ingalls Industries has an average rating of “Hold” and a consensus target price of $221.22.

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.