Robeco Institutional Asset Management B.V. Acquires 3,411 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Robeco Institutional Asset Management B.V. lifted its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 100.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,806 shares of the aerospace company’s stock after purchasing an additional 3,411 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Huntington Ingalls Industries were worth $1,767,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Cranbrook Wealth Management LLC bought a new position in shares of Huntington Ingalls Industries during the fourth quarter valued at about $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Huntington Ingalls Industries during the 4th quarter valued at about $30,000. Quantbot Technologies LP bought a new position in Huntington Ingalls Industries during the 3rd quarter worth approximately $25,000. Northwest Financial Advisors purchased a new position in Huntington Ingalls Industries in the 4th quarter worth approximately $34,000. Finally, Level Financial Advisors Inc. purchased a new position in Huntington Ingalls Industries in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Activity

In related news, VP Edgar A. Green III sold 3,603 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $290.75, for a total value of $1,047,572.25. Following the completion of the transaction, the vice president now directly owns 7,461 shares in the company, valued at approximately $2,169,285.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, VP Edgar A. Green III sold 3,603 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $290.75, for a total value of $1,047,572.25. Following the sale, the vice president now owns 7,461 shares in the company, valued at approximately $2,169,285.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Edmond E. Jr. Hughes sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $256.07, for a total value of $384,105.00. Following the transaction, the vice president now directly owns 8,135 shares of the company’s stock, valued at approximately $2,083,129.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,439 shares of company stock worth $2,071,170. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HII shares. Citigroup began coverage on Huntington Ingalls Industries in a research note on Monday. They set a “buy” rating and a $310.00 price objective for the company. StockNews.com lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Barclays upped their price objective on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Finally, JPMorgan Chase & Co. raised their target price on Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $278.00.

Huntington Ingalls Industries Price Performance

HII stock opened at $254.62 on Thursday. The firm has a 50-day moving average of $273.03 and a 200 day moving average of $264.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.89. The company has a market cap of $10.04 billion, a P/E ratio of 14.35, a PEG ratio of 2.17 and a beta of 0.60. Huntington Ingalls Industries, Inc. has a 1 year low of $194.52 and a 1 year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.50 by $0.37. Huntington Ingalls Industries had a return on equity of 18.08% and a net margin of 6.09%. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the prior year, the company earned $3.23 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 16.35 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Friday, May 31st. Huntington Ingalls Industries’s dividend payout ratio is currently 29.31%.

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.