Gateway Investment Advisers LLC Buys Shares of 1,637 Huntington Ingalls Industries, Inc. (NYSE:HII)

Gateway Investment Advisers LLC purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,637 shares of the aerospace company's stock, valued at approximately $334,000.

A number of other institutional investors have also recently made changes to their positions in HII. Vanguard Group Inc. boosted its position in shares of Huntington Ingalls Industries by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company's stock valued at $950,391,000 after purchasing an additional 14,988 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Huntington Ingalls Industries by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company's stock valued at $197,677,000 after acquiring an additional 29,670 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of Huntington Ingalls Industries by 32.6% in the 4th quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company's stock worth $157,216,000 after purchasing an additional 204,376 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Huntington Ingalls Industries by 15.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 578,488 shares of the aerospace company's stock worth $109,316,000 after purchasing an additional 77,718 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Huntington Ingalls Industries by 75,182.7% in the 1st quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company's stock worth $1,004,590,000 after purchasing an additional 491,695 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock traded up $3.47 during trading hours on Friday, hitting $232.59. 455,835 shares of the company's stock traded hands, compared to its average volume of 545,701. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $285.81. The stock has a market capitalization of $9.13 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 1.15 and a beta of 0.29. The company has a fifty day simple moving average of $223.31 and a 200-day simple moving average of $201.87. 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 announced its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the firm posted $3.87 EPS. The business's revenue was down 2.5% compared to the same quarter last year. Equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 38.90%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HII shares. Barclays increased their target price on Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective on the stock in a research note on Thursday, May 15th. Finally, The Goldman Sachs Group raised their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $236.38.

Insider Buying and Selling

In related news, VP Edmond E. Jr. Hughes sold 1,300 shares of Huntington Ingalls Industries stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total value of $301,483.00. Following the completion of the sale, the vice president now owns 9,581 shares of the company's stock, valued at approximately $2,221,929.71. This trade represents a 11.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total value of $455,856.80. Following the completion of the sale, the director now directly owns 17,485 shares of the company's stock, 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. In the last 90 days, insiders sold 5,225 shares of company stock valued at $1,207,207. 0.72% of the stock is owned by insiders.

Huntington Ingalls Industries Company 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.