Mine & Arao Wealth Creation & Management LLC. purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,025 shares of the aerospace company's stock, valued at approximately $209,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of HII. GAMMA Investing LLC increased its position in shares of Huntington Ingalls Industries by 75,182.7% in the first quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company's stock valued at $1,004,590,000 after acquiring an additional 491,695 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in Huntington Ingalls Industries by 1,648.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 375,872 shares of the aerospace company's stock worth $71,029,000 after buying an additional 354,374 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Huntington Ingalls Industries by 4,900.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 210,480 shares of the aerospace company's stock valued at $39,774,000 after purchasing an additional 206,271 shares during the last quarter. Earnest Partners LLC grew its position in shares of Huntington Ingalls Industries by 32.6% in the fourth quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company's stock valued at $157,216,000 after purchasing an additional 204,376 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $37,800,000. Institutional investors and hedge funds own 90.46% of the company's stock.
Insider Activity at Huntington Ingalls Industries
In related news, VP Chad N. Boudreaux sold 1,965 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total value of $449,867.10. Following the transaction, the vice president owned 21,228 shares of the company's stock, valued at approximately $4,859,938.32. This trade represents a 8.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anastasi D. Kelly sold 1,960 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total transaction of $455,856.80. Following the completion of the transaction, the director directly owned 17,485 shares in the company, valued at approximately $4,066,661.30. The trade was a 10.08% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,225 shares of company stock valued at $1,207,207. 0.72% of the stock is owned by corporate insiders.
Huntington Ingalls Industries Stock Down 0.0%
Shares of HII stock traded down $0.05 on Wednesday, reaching $253.63. 415,933 shares of the company were exchanged, compared to its average volume of 562,428. The company has a market cap of $9.95 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.56 and a beta of 0.31. The company has a 50-day moving average of $234.96 and a 200-day moving average of $210.08. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.07 and a quick ratio of 0.99. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $285.81.
Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.76% and a return on equity of 12.26%. The business had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.80 billion. During the same quarter last year, the firm earned $3.87 EPS. The firm's revenue for the quarter was down 2.5% compared to the same quarter last year. Analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $1.35 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.40 annualized dividend and a yield of 2.13%. Huntington Ingalls Industries's payout ratio is 38.90%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on HII shares. TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their price target for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target for the company in a research note on Thursday, May 15th. Barclays increased their price objective on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Finally, The Goldman Sachs Group increased their price target on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $251.38.
Check Out Our Latest Report on HII
Huntington Ingalls Industries Company Profile
(
Free Report)
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.
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