10,882 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,882 shares of the aerospace company’s stock, valued at approximately $2,056,000.

Other hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 1.9% in the 3rd quarter. Victory Capital Management Inc. now owns 29,748 shares of the aerospace company’s stock valued at $7,865,000 after purchasing an additional 561 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Huntington Ingalls Industries by 7.8% in the 3rd quarter. CIBC Asset Management Inc now owns 5,753 shares of the aerospace company’s stock valued at $1,521,000 after purchasing an additional 414 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Huntington Ingalls Industries by 82.4% in the 3rd quarter. Natixis Advisors LLC now owns 71,481 shares of the aerospace company’s stock valued at $18,898,000 after purchasing an additional 32,302 shares during the last quarter. Pathstone Holdings LLC boosted its holdings in shares of Huntington Ingalls Industries by 11.9% in the 3rd quarter. Pathstone Holdings LLC now owns 9,849 shares of the aerospace company’s stock valued at $2,604,000 after purchasing an additional 1,044 shares during the last quarter. Finally, Caprock Group LLC acquired a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at $277,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group decreased 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 report on Monday, February 10th. Barclays decreased their price target on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Two equities research 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 MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Hold” and an average price target of $221.22.

Insider Buying and Selling

In related news, Director Thomas C. Schievelbein bought 2,120 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $164.82 per share, with a total value of $349,418.40. Following the transaction, the director now owns 7,967 shares of the company’s stock, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Nicolas G. Schuck sold 750 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was 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 $546,691.04. The trade was a 20.64 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $207.47 on Thursday. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $294.81. The company has a market cap of $8.14 billion, a PE ratio of 14.86, a P/E/G ratio of 1.15 and a beta of 0.49. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The company’s fifty day simple moving average is $187.42 and its 200-day simple moving average is $211.92.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities research 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 declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.60%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 38.68%.

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.