Meiji Yasuda Asset Management Co Ltd. Takes Position in Huntington Ingalls Industries, Inc. (HII)

Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,310 shares of the company’s stock, valued at approximately $425,000.

A number of other hedge funds have also recently added to or reduced their stakes in HII. Martingale Asset Management L P boosted its stake in Huntington Ingalls Industries by 33.9% in the second quarter. Martingale Asset Management L P now owns 219,997 shares of the company’s stock valued at $36,967,000 after buying an additional 55,653 shares during the last quarter. AXA purchased a new stake in Huntington Ingalls Industries during the second quarter valued at $28,406,000. D L Carlson Investment Group Inc. purchased a new stake in Huntington Ingalls Industries during the second quarter valued at $1,327,000. Ameritas Investment Partners Inc. boosted its stake in Huntington Ingalls Industries by 4.9% in the second quarter. Ameritas Investment Partners Inc. now owns 7,435 shares of the company’s stock valued at $1,249,000 after buying an additional 345 shares during the last quarter. Finally, Scout Investments Inc. boosted its stake in Huntington Ingalls Industries by 26.7% in the second quarter. Scout Investments Inc. now owns 195,846 shares of the company’s stock valued at $32,908,000 after buying an additional 41,266 shares during the last quarter. 88.59% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) traded up 0.17% during midday trading on Monday, reaching $200.70. The company had a trading volume of 249,998 shares. The company has a market capitalization of $9.31 billion, a PE ratio of 22.34 and a beta of 1.11. The company has a 50 day moving average of $192.66 and a 200 day moving average of $172.73. Huntington Ingalls Industries, Inc. has a one year low of $128.49 and a one year high of $201.60.

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Several equities analysts have weighed in on HII shares. Bank of America Corporation raised Huntington Ingalls Industries from a “neutral” rating to a “buy” rating in a report on Thursday, January 12th. Barclays PLC reaffirmed a “sell” rating and issued a $179.00 price objective on shares of Huntington Ingalls Industries in a report on Friday, January 20th. Zacks Investment Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $206.00 price objective for the company in a report on Tuesday, January 3rd. Wells Fargo & Company reaffirmed a “hold” rating on shares of Huntington Ingalls Industries in a report on Monday, November 14th. Finally, Deutsche Bank AG lifted their price objective on Huntington Ingalls Industries from $190.00 to $198.00 and gave the company a “buy” rating in a report on Monday, December 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Huntington Ingalls Industries has a consensus rating of “Hold” and a consensus target price of $169.38.

In other Huntington Ingalls Industries news, VP Jerri F. Dickseski sold 776 shares of Huntington Ingalls Industries stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $185.00, for a total value of $143,560.00. Following the completion of the sale, the vice president now owns 33,269 shares of the company’s stock, valued at approximately $6,154,765. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Matthew J. Mulherin sold 8,000 shares of Huntington Ingalls Industries stock in a transaction that occurred on Tuesday, November 29th. The stock was sold at an average price of $180.49, for a total transaction of $1,443,920.00. Following the completion of the sale, the vice president now directly owns 103,613 shares of the company’s stock, valued at approximately $18,701,110.37. The disclosure for this sale can be found here. 2.76% of the stock is owned by insiders.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc (HII) designs, builds, overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Company is the designer, builder and refueler of nuclear powered aircraft carriers, a builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters (NSCs) for the United States Coast Guard.

5 Day Chart for NYSE:HII

Want to see what other hedge funds are holding HII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Ingalls Industries, Inc. (NYSE:HII).

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