Huntington Ingalls Industries, Inc. (NYSE:HII) Stock Holdings Raised by Bank of Nova Scotia

Bank of Nova Scotia grew its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,202 shares of the aerospace company’s stock after purchasing an additional 168 shares during the quarter. Bank of Nova Scotia’s holdings in Huntington Ingalls Industries were worth $983,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of HII. Generali Asset Management SPA SGR bought a new position in Huntington Ingalls Industries during the 4th quarter worth approximately $2,056,000. Assetmark Inc. raised its position in shares of Huntington Ingalls Industries by 2,154.9% during the 4th quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company’s stock valued at $1,474,000 after acquiring an additional 7,456 shares in the last quarter. Northcape Wealth Management LLC bought a new position in Huntington Ingalls Industries during the fourth quarter worth $3,642,000. O Keefe Stevens Advisory Inc. boosted its holdings in Huntington Ingalls Industries by 63.0% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company’s stock worth $655,000 after purchasing an additional 1,339 shares during the period. Finally, Essential Planning LLC. bought a new stake in Huntington Ingalls Industries during the fourth quarter valued at $2,457,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

NYSE HII opened at $219.72 on Tuesday. The company has a 50-day moving average price of $188.37 and a two-hundred day moving average price of $202.82. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $285.81. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 1.15 and a beta of 0.34. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data 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 return on equity of 12.81% and a net margin of 4.77%. Analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 38.68%.

Insider Buying and Selling

In other news, Director Thomas C. Schievelbein bought 2,120 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average price of $164.82 per share, with a total value of $349,418.40. Following the completion of the acquisition, the director now directly owns 7,967 shares in the company, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value of $142,170.00. Following the transaction, 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 disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HII shares. The Goldman Sachs Group upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “buy” rating and raised their price target for the stock from $145.00 to $234.00 in a research report on Friday. Barclays dropped 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 note on Monday, February 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Huntington Ingalls Industries has an average rating of “Hold” and an average price target of $231.11.

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.