Victory Capital Management Inc. Has $5.72 Million Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Victory Capital Management Inc. increased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,290 shares of the aerospace company’s stock after acquiring an additional 542 shares during the period. Victory Capital Management Inc. owned about 0.08% of Huntington Ingalls Industries worth $5,724,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in HII. FMR LLC boosted its position in Huntington Ingalls Industries by 5.6% in the third quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock valued at $930,383,000 after buying an additional 187,411 shares in the last quarter. Geode Capital Management LLC boosted its position in Huntington Ingalls Industries by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,018,812 shares of the aerospace company’s stock valued at $268,520,000 after buying an additional 5,036 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Huntington Ingalls Industries by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 362,396 shares of the aerospace company’s stock valued at $68,482,000 after buying an additional 6,080 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Huntington Ingalls Industries by 36.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 323,829 shares of the aerospace company’s stock valued at $85,614,000 after buying an additional 85,698 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Huntington Ingalls Industries by 45.3% in the third quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock valued at $80,886,000 after buying an additional 95,324 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barclays dropped 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 note on Monday, February 10th. The Goldman Sachs Group dropped their price target on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $221.22.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII opened at $196.34 on Friday. 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 company has a market cap of $7.70 billion, a PE ratio of 14.06, a PEG ratio of 1.15 and a beta of 0.49. The firm’s 50-day moving average price is $186.27 and its 200-day moving average price is $213.92. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $294.81.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results 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%. As a group, analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued 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 2.75%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.68%.

Insider Buying and Selling

In other news, CAO Nicolas G. Schuck sold 750 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the sale, the chief accounting officer now directly owns 2,884 shares of the company’s stock, valued at approximately $546,691.04. The trade was a 20.64 % 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 this link. Also, Director Thomas C. Schievelbein purchased 2,120 shares of Huntington Ingalls Industries 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 acquisition, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. This represents a 36.26 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Company 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.