4,250 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Purchased by Y Intercept Hong Kong Ltd

Key Points

• Y Intercept Hong Kong Ltd acquired a new position in Huntington Ingalls Industries, purchasing 4,250 shares valued at approximately $867,000 during the first quarter.
• Insider trades included Vice President Chad N. Boudreaux and Director Anastasi D. Kelly, who sold 1,965 and 1,960 shares respectively, resulting in a decrease of ownership.
• Huntington Ingalls Industries reported $3.79 EPS for the last quarter, exceeding analysts' estimates, but experienced a 2.5% decline in year-over-year revenue.

Y Intercept Hong Kong Ltd purchased a new position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,250 shares of the aerospace company's stock, valued at approximately $867,000.

Other institutional investors have also recently bought and sold shares of the company. Integrated Quantitative Investments LLC purchased a new position in Huntington Ingalls Industries in the 4th quarter worth about $283,000. Teacher Retirement System of Texas purchased a new position in Huntington Ingalls Industries in the 1st quarter worth about $1,324,000. Allstate Corp purchased a new position in Huntington Ingalls Industries in the 4th quarter worth about $237,000. GAMMA Investing LLC increased its holdings in shares of Huntington Ingalls Industries by 269.0% in the 1st quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company's stock valued at $492,000 after purchasing an additional 1,759 shares during the period. Finally, Eisler Capital Management Ltd. acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at about $5,679,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 1,965 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total transaction of $449,867.10. Following the transaction, the vice president owned 21,228 shares in the company, valued at $4,859,938.32. This trade represents a 8.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anastasi D. Kelly sold 1,960 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total value of $455,856.80. Following the transaction, the director owned 17,485 shares in the company, valued at approximately $4,066,661.30. This trade represents a 10.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,225 shares of company stock worth $1,207,207 over the last 90 days. Insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Trading Up 0.5%

NYSE:HII opened at $264.64 on Friday. The stock's 50 day moving average price is $239.13 and its 200 day moving average price is $213.48. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $285.81. The company has a market capitalization of $10.38 billion, a P/E ratio of 19.07, a P/E/G ratio of 1.62 and a beta of 0.31. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.99 and a current ratio of 1.07.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings data 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 12.26% and a net margin of 4.76%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the company posted $3.87 earnings per share. The firm's revenue was down 2.5% on a year-over-year basis. On average, research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $1.35 per share. The ex-dividend date was Friday, May 30th. This represents a $5.40 annualized dividend and a yield of 2.04%. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.90%.

Analyst Upgrades and Downgrades

HII has been the topic of a number of research reports. 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. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a report on Thursday, May 15th. Barclays upped their target price 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, TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their target price for the company from $250.00 to $300.00 in a report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries currently has an average rating of "Hold" and a consensus price target of $251.38.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.