Nomura Asset Management Co. Ltd. Has $2.25 Million Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Nomura Asset Management Co. Ltd. boosted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,930 shares of the aerospace company’s stock after purchasing an additional 66 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Huntington Ingalls Industries were worth $2,254,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HII. Vanguard Group Inc. grew its stake in shares of Huntington Ingalls Industries by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company’s stock valued at $950,391,000 after buying an additional 14,988 shares during the period. Geode Capital Management LLC increased its holdings in shares of Huntington Ingalls Industries by 0.5% during 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 acquiring an additional 5,036 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of Huntington Ingalls Industries by 7.6% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 453,178 shares of the aerospace company’s stock worth $85,637,000 after purchasing an additional 31,934 shares during the period. Sei Investments Co. lifted its holdings in shares of Huntington Ingalls Industries by 32.4% in the 4th quarter. Sei Investments Co. now owns 445,926 shares of the aerospace company’s stock worth $84,269,000 after purchasing an additional 109,134 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its position in Huntington Ingalls Industries by 132.9% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company’s stock valued at $79,387,000 after purchasing an additional 239,688 shares during the period. 90.46% of the stock is owned by institutional investors.

Insider Activity at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 2,884 shares of the company’s stock, valued at $546,691.04. This represents a 20.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the acquisition, the director now directly owns 7,967 shares in the company, valued at $1,313,120.94. This trade 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 company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on HII. The Goldman Sachs Group lowered their price objective 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 dropped 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 research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $221.22.

Huntington Ingalls Industries Trading Up 1.4 %

Shares of HII stock opened at $205.12 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 1.15 and a beta of 0.49. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $289.26. The company has a 50-day simple moving average of $188.38 and a two-hundred day simple moving average of $207.45.

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

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 38.68%.

About Huntington Ingalls Industries

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.