Eagle Ridge Investment Management Acquires 131 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Eagle Ridge Investment Management increased its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 0.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,993 shares of the aerospace company’s stock after buying an additional 131 shares during the quarter. Huntington Ingalls Industries accounts for 1.3% of Eagle Ridge Investment Management’s portfolio, making the stock its 28th largest position. Eagle Ridge Investment Management’s holdings in Huntington Ingalls Industries were worth $13,759,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Sargent Investment Group LLC purchased a new position in shares of Huntington Ingalls Industries during the fourth quarter valued at approximately $238,000. Unique Wealth Strategies LLC bought a new stake in Huntington Ingalls Industries in the fourth quarter worth $738,000. Russell Investments Group Ltd. boosted its holdings in Huntington Ingalls Industries by 13.0% in the fourth quarter. Russell Investments Group Ltd. now owns 22,968 shares of the aerospace company’s stock worth $5,962,000 after acquiring an additional 2,637 shares in the last quarter. Truist Financial Corp boosted its holdings in Huntington Ingalls Industries by 16.1% in the fourth quarter. Truist Financial Corp now owns 5,630 shares of the aerospace company’s stock worth $1,462,000 after acquiring an additional 780 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in Huntington Ingalls Industries by 30.7% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,321 shares of the aerospace company’s stock worth $343,000 after acquiring an additional 310 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HII. Barclays upped their price target on Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. JPMorgan Chase & Co. upped their price objective on Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st.

Insider Buying and Selling

In related news, CAO Nicolas G. Schuck sold 1,293 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $291.28, for a total transaction of $376,625.04. Following the completion of the sale, the chief accounting officer now owns 2,250 shares in the company, valued at $655,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP D R. Wyatt sold 900 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $263.69, for a total transaction of $237,321.00. Following the completion of the transaction, the vice president now directly owns 19,100 shares of the company’s stock, valued at $5,036,479. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Nicolas G. Schuck sold 1,293 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $291.28, for a total value of $376,625.04. Following the transaction, the chief accounting officer now directly owns 2,250 shares of the company’s stock, valued at $655,380. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,472 shares of company stock worth $2,398,345. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Stock Performance

HII traded up $1.29 during midday trading on Monday, reaching $278.26. The company had a trading volume of 130,799 shares, compared to its average volume of 297,084. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average of $285.45 and a two-hundred day moving average of $260.34. The company has a market cap of $11.02 billion, a P/E ratio of 16.38, a P/E/G ratio of 2.61 and a beta of 0.60. Huntington Ingalls Industries, Inc. has a 1 year low of $188.51 and a 1 year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, February 1st. The aerospace company reported $6.90 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $2.63. The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $2.78 billion. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.07 earnings per share. As a group, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 16.34 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Thursday, February 22nd. Huntington Ingalls Industries’s dividend payout ratio is currently 30.41%.

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.