Verity Asset Management Inc. Acquires Shares of 3,179 Huntington Ingalls Industries, Inc. (NYSE:HII)

Verity Asset Management Inc. bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,179 shares of the aerospace company’s stock, valued at approximately $597,000.

Several other institutional investors have also recently added to or reduced their stakes in HII. FMR LLC lifted its holdings in shares of Huntington Ingalls Industries by 5.6% during the third quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock worth $930,383,000 after purchasing an additional 187,411 shares during the period. Van ECK Associates Corp increased its stake in shares of Huntington Ingalls Industries by 94.5% during the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock worth $455,222,000 after acquiring an additional 863,800 shares during the period. Geode Capital Management LLC raised its holdings in 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 worth $268,520,000 after purchasing an additional 5,036 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Huntington Ingalls Industries by 36.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 323,829 shares of the aerospace company’s stock valued at $85,614,000 after purchasing an additional 85,698 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Huntington Ingalls Industries by 45.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock valued at $80,886,000 after purchasing an additional 95,324 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Barclays cut their target price on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Vertical Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective for the company. in a research report on Thursday, October 10th. Alembic Global Advisors downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price for the company. in a report on Friday, November 1st. The Goldman Sachs Group lowered their price target on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $228.89.

Huntington Ingalls Industries Stock Down 0.3 %

HII stock opened at $196.69 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. The company’s 50 day simple moving average is $194.36 and its 200-day simple moving average is $231.48. Huntington Ingalls Industries, Inc. has a 12 month low of $184.29 and a 12 month high of $299.50. The firm has a market capitalization of $7.70 billion, a PE ratio of 11.11, a P/E/G ratio of 1.77 and a beta of 0.57.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 30.49%.

Insiders Place Their Bets

In other news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the sale, the vice president now directly owns 19,627 shares in the company, valued at $4,028,245.48. The trade was a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.72% of the stock is currently owned by company insiders.

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.