Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 64.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 136,441 shares of the aerospace company's stock after purchasing an additional 53,395 shares during the period. BNP Paribas Financial Markets owned about 0.35% of Huntington Ingalls Industries worth $25,783,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Generali Asset Management SPA SGR purchased a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth $2,056,000. Assetmark Inc. raised its holdings in Huntington Ingalls Industries by 2,154.9% in the 4th quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock valued at $1,474,000 after acquiring an additional 7,456 shares during the last quarter. Northcape Wealth Management LLC acquired a new position in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $3,642,000. O Keefe Stevens Advisory Inc. grew its position in shares of Huntington Ingalls Industries by 63.0% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company's stock valued at $655,000 after purchasing an additional 1,339 shares in the last quarter. Finally, Essential Planning LLC. acquired a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $2,457,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HII. The Goldman Sachs Group upped their target price on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Barclays raised their price objective 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, May 5th. One investment 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, the stock currently has an average rating of "Hold" and an average price target of $238.44.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein purchased 2,120 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $164.82 per share, with a total value of $349,418.40. Following the transaction, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total value of $301,483.00. Following the completion of the transaction, the vice president now directly owns 9,581 shares in the company, valued at $2,221,929.71. This trade represents a 11.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,010 shares of company stock valued at $899,510 over the last quarter. Insiders own 0.86% of the company's stock.

Huntington Ingalls Industries Stock Down 0.6 %

Shares of Huntington Ingalls Industries stock traded down $1.34 on Friday, reaching $231.61. 329,269 shares of the company were exchanged, compared to its average volume of 524,680. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $285.81. The stock's 50 day moving average price is $209.68 and its 200-day moving average price is $198.33. The company has a market cap of $9.09 billion, a P/E ratio of 16.59, a price-to-earnings-growth ratio of 1.15 and a beta of 0.31. 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 earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, topping analysts' consensus estimates of $2.90 by $0.89. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. The business had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.80 billion. During the same quarter in the previous year, the firm earned $3.87 earnings per share. The business's revenue was down 2.5% compared to the same quarter last year. As a group, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS 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. Investors of record on Friday, May 30th will be paid a $1.35 dividend. The ex-dividend date is Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a yield of 2.33%. Huntington Ingalls Industries's payout ratio is 38.90%.

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.