Huntington Ingalls Industries, Inc. $HII Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC cut its Huntington Ingalls Industries stake by 7.1% in the fourth quarter, selling 13,727 shares and leaving it with 178,613 shares worth about $60.7 million.
• HII reported better-than-expected quarterly results, posting EPS of $3.79 and revenue of $3.10 billion, with revenue up 13.4% year over year.
• The company also declared a quarterly dividend of $1.38 per share to be paid June 12, while analysts currently have a consensus Hold rating and average price target of $388.50.

Natixis Advisors LLC trimmed its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 178,613 shares of the aerospace company's stock after selling 13,727 shares during the period. Natixis Advisors LLC owned approximately 0.46% of Huntington Ingalls Industries worth $60,740,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. New Mexico Educational Retirement Board lifted its stake in Huntington Ingalls Industries by 5.8% during the fourth quarter. New Mexico Educational Retirement Board now owns 1,830 shares of the aerospace company's stock worth $622,000 after purchasing an additional 100 shares in the last quarter. Rothschild Wealth LLC acquired a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at $339,000. MUFG Securities EMEA plc raised its stake in shares of Huntington Ingalls Industries by 114.5% in the fourth quarter. MUFG Securities EMEA plc now owns 1,611 shares of the aerospace company's stock valued at $548,000 after acquiring an additional 860 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Huntington Ingalls Industries by 22.3% in the fourth quarter. BNP Paribas Financial Markets now owns 81,464 shares of the aerospace company's stock valued at $27,703,000 after acquiring an additional 14,862 shares in the last quarter. Finally, Holderness Investments Co. raised its stake in shares of Huntington Ingalls Industries by 32.8% in the fourth quarter. Holderness Investments Co. now owns 924 shares of the aerospace company's stock valued at $314,000 after acquiring an additional 228 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm's stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $319.58, for a total value of $1,118,530.00. Following the sale, the vice president directly owned 8,391 shares in the company, valued at $2,681,595.78. This trade represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.80% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Stock Down 1.9%

Huntington Ingalls Industries stock opened at $288.04 on Thursday. Huntington Ingalls Industries, Inc. has a 1-year low of $215.04 and a 1-year high of $460.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.11. The stock has a market cap of $11.35 billion, a PE ratio of 18.74, a P/E/G ratio of 1.24 and a beta of 0.23. The stock's fifty day moving average is $356.46 and its two-hundred day moving average is $372.05.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share for the quarter, beating analysts' consensus estimates of $3.70 by $0.09. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The company had revenue of $3.10 billion for the quarter, compared to analysts' expectations of $3.02 billion. During the same period last year, the firm earned $3.79 earnings per share. Huntington Ingalls Industries's quarterly revenue was up 13.4% on a year-over-year basis. On average, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 17.32 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be paid a $1.38 dividend. The ex-dividend date is Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a yield of 1.9%. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 35.91%.

Analysts Set New Price Targets

HII has been the topic of several analyst reports. Bank of America upgraded Huntington Ingalls Industries from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $300.00 to $400.00 in a research note on Thursday, February 12th. Wall Street Zen cut Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research note on Monday, May 18th. Weiss Ratings cut Huntington Ingalls Industries from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, May 6th. Wells Fargo & Company initiated coverage on Huntington Ingalls Industries in a research note on Wednesday, April 1st. They issued an "equal weight" rating and a $400.00 price objective on the stock. Finally, Sanford C. Bernstein reiterated a "market perform" rating and issued a $421.00 price objective on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $388.50.

About Huntington Ingalls Industries

Huntington Ingalls Industries NYSE: HII is America's largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company's products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman's shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.

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