Bastion Asset Management Inc. Invests $703,000 in Huntington Ingalls Industries, Inc. (NYSE:HII)

Bastion Asset Management Inc. bought a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,622 shares of the aerospace company's stock, valued at approximately $703,000.

Several other hedge funds also recently modified their holdings of HII. EverSource Wealth Advisors LLC boosted its holdings in Huntington Ingalls Industries by 503.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock worth $30,000 after buying an additional 131 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $48,000. Bruce G. Allen Investments LLC raised its position in shares of Huntington Ingalls Industries by 43.4% in the 4th quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company's stock valued at $53,000 after acquiring an additional 85 shares during the period. Canada Post Corp Registered Pension Plan bought a new position in Huntington Ingalls Industries during the 4th quarter worth approximately $70,000. Finally, SRS Capital Advisors Inc. grew its holdings in Huntington Ingalls Industries by 156.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock valued at $91,000 after purchasing an additional 294 shares during the period. Institutional investors own 90.46% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HII. Barclays lifted their price target on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a research report on Monday. The Goldman Sachs Group raised their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $238.44.

Huntington Ingalls Industries Stock Down 0.4 %

HII stock traded down $0.83 during trading hours on Friday, reaching $232.12. 145,515 shares of the stock were exchanged, compared to its average volume of 521,433. The company has a market cap of $9.11 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 1.15 and a beta of 0.31. The firm's 50-day moving average is $208.50 and its 200-day moving average is $199.30. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $285.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.90 by $0.89. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.80 billion. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. Huntington Ingalls Industries's quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the company earned $3.87 earnings per share. On average, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio is presently 38.90%.

Insider Buying and Selling

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 750 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the transaction, the chief accounting officer now owns 2,884 shares of the company's stock, 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 acquired 2,120 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $164.82 per share, with a total value of $349,418.40. Following the acquisition, the director now owns 7,967 shares in the company, valued at $1,313,120.94. The trade was a 36.26 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 4,010 shares of company stock worth $899,510. 0.86% of the stock is owned by insiders.

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.