Fort L.P. purchased a new position in shares of Huntington Ingalls Industries Inc (NYSE:HII) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 457 shares of the aerospace company’s stock, valued at approximately $87,000.

Other institutional investors have also recently made changes to their positions in the company. Athena Capital Advisors LLC acquired a new stake in Huntington Ingalls Industries during the fourth quarter worth about $28,000. Cypress Capital Management LLC WY acquired a new stake in Huntington Ingalls Industries during the fourth quarter worth about $42,000. Belpointe Asset Management LLC acquired a new stake in Huntington Ingalls Industries during the third quarter worth about $152,000. Bessemer Group Inc. grew its stake in Huntington Ingalls Industries by 28.1% during the fourth quarter. Bessemer Group Inc. now owns 867 shares of the aerospace company’s stock worth $166,000 after buying an additional 190 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its stake in Huntington Ingalls Industries by 117.3% during the fourth quarter. Rehmann Capital Advisory Group now owns 982 shares of the aerospace company’s stock worth $187,000 after buying an additional 530 shares in the last quarter. Hedge funds and other institutional investors own 85.90% of the company’s stock.

HII opened at $204.41 on Friday. Huntington Ingalls Industries Inc has a 1-year low of $173.80 and a 1-year high of $267.73. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.88 and a current ratio of 0.95. The company has a market capitalization of $8.49 billion, a PE ratio of 10.71 and a beta of 1.14.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, February 14th. The aerospace company reported $4.94 earnings per share for the quarter, beating analysts’ consensus estimates of $4.45 by $0.49. Huntington Ingalls Industries had a net margin of 10.23% and a return on equity of 49.48%. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period last year, the company posted $3.11 EPS. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, analysts expect that Huntington Ingalls Industries Inc will post 15.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 22nd were paid a $0.86 dividend. The ex-dividend date of this dividend was Thursday, February 21st. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.68%. Huntington Ingalls Industries’s payout ratio is currently 18.02%.

In other news, VP Christopher D. Kastner sold 3,919 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $206.49, for a total value of $809,234.31. Following the sale, the vice president now directly owns 46,185 shares in the company, valued at approximately $9,536,740.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas B. Fargo sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $220.57, for a total transaction of $154,399.00. Following the completion of the sale, the director now owns 648 shares in the company, valued at $142,929.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,909 shares of company stock worth $2,480,337. 2.32% of the stock is currently owned by corporate insiders.

HII has been the topic of a number of analyst reports. Barclays downgraded shares of Huntington Ingalls Industries from an “overweight” rating to an “underweight” rating and reduced their price objective for the stock from $245.00 to $215.00 in a research note on Wednesday, January 23rd. Zacks Investment Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Thursday, January 17th. Cowen reiterated a “buy” rating and set a $260.00 price objective on shares of Huntington Ingalls Industries in a research note on Monday, January 14th. Citigroup reduced their price objective on shares of Huntington Ingalls Industries from $260.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, January 14th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Huntington Ingalls Industries in a research note on Monday, January 7th. They set a “neutral” rating and a $230.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $248.00.

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About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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