Tokio Marine Asset Management Co. Ltd. Raises Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Tokio Marine Asset Management Co. Ltd. lifted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 15.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,596 shares of the aerospace company’s stock after purchasing an additional 211 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Huntington Ingalls Industries were worth $302,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HII. Van ECK Associates Corp lifted its holdings in Huntington Ingalls Industries by 94.5% in the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock valued at $455,222,000 after acquiring an additional 863,800 shares during the period. FMR LLC lifted its stake in shares of Huntington Ingalls Industries by 5.6% in the third quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock valued at $930,383,000 after purchasing an additional 187,411 shares during the period. Diamond Hill Capital Management Inc. purchased a new stake in Huntington Ingalls Industries during the third quarter worth about $47,698,000. JPMorgan Chase & Co. grew its position in Huntington Ingalls Industries by 45.3% during the third quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock worth $80,886,000 after buying an additional 95,324 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings 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 buying an additional 85,698 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insiders Place Their Bets

In other news, VP D R. Wyatt sold 400 shares of the company’s 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 transaction, the vice president now owns 19,627 shares of the company’s stock, valued at $4,028,245.48. This represents a 2.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HII shares. Alembic Global Advisors cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. in a report on Friday, November 1st. Bank of America lowered their target price on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a report on Wednesday, November 13th. TD Cowen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. in a research note on Friday, November 1st. StockNews.com cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group cut their target price on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $228.89.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII opened at $195.56 on Thursday. 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 has a market cap of $7.65 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.77 and a beta of 0.57. The company has a 50-day simple moving average of $194.24 and a 200-day simple moving average of $230.76. Huntington Ingalls Industries, Inc. has a 12 month low of $184.29 and a 12 month high of $299.50.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $1.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 annualized dividend and a yield of 2.76%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 30.49%.

Huntington Ingalls Industries 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.