Generali Asset Management SPA SGR Invests $2.06 Million in Huntington Ingalls Industries, Inc. (NYSE:HII)

Generali Asset Management SPA SGR purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 10,882 shares of the aerospace company’s stock, valued at approximately $2,056,000.

Several other hedge funds and other institutional investors have also modified their holdings of HII. EverSource Wealth Advisors LLC boosted its holdings in shares of Huntington Ingalls Industries by 503.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock valued at $30,000 after buying an additional 131 shares during the period. Truvestments Capital LLC acquired a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at about $42,000. Wingate Wealth Advisors Inc. acquired a new position in Huntington Ingalls Industries during the 4th quarter valued at about $48,000. Bruce G. Allen Investments LLC boosted its stake in Huntington Ingalls Industries by 43.4% during the 4th quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 85 shares during the period. Finally, True Wealth Design LLC acquired a new position in Huntington Ingalls Industries during the 3rd quarter valued at about $60,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Trading Down 0.5 %

Shares of NYSE:HII opened at $207.47 on Thursday. The company has a 50 day moving average of $187.42 and a 200-day moving average of $211.92. The firm has a market cap of $8.14 billion, a P/E ratio of 14.86, a P/E/G ratio of 1.15 and a beta of 0.49. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $294.81. 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 results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share 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%. As a group, analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.35 dividend. The ex-dividend date was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.60%. Huntington Ingalls Industries’s payout ratio is currently 38.68%.

Insider Buying and Selling

In related news, CAO Nicolas G. Schuck sold 750 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 2,884 shares in the company, valued at $546,691.04. The trade was a 20.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas C. Schievelbein bought 2,120 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average price of $164.82 per share, for a total transaction 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 represents a 36.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

HII has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their target price on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a research note on Monday, February 10th. Barclays reduced their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $221.22.

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.