Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 23.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,514 shares of the aerospace company's stock after acquiring an additional 1,051 shares during the quarter. IFM Investors Pty Ltd's holdings in Huntington Ingalls Industries were worth $1,125,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Huntington Ingalls Industries by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company's stock worth $950,391,000 after buying an additional 14,988 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Huntington Ingalls Industries by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company's stock worth $197,677,000 after buying an additional 29,670 shares during the period. 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 buying an additional 204,376 shares during the period. 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 buying an additional 77,718 shares during the period. 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 buying an additional 491,695 shares during the period. Institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII traded up $6.92 during midday trading on Thursday, hitting $255.84. The stock had a trading volume of 195,534 shares, compared to its average volume of 557,746. The company has a market capitalization of $10.04 billion, a PE ratio of 18.47, a P/E/G ratio of 1.56 and a beta of 0.31. The stock has a 50 day simple moving average of $232.40 and a 200-day simple moving average of $207.84. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $285.81. The company has a quick ratio of 0.99, a current ratio of 1.07 and a debt-to-equity ratio of 0.57.

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

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $1.35 per share. The ex-dividend date was Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a yield of 2.11%. Huntington Ingalls Industries's payout ratio is 38.90%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

HII has been the subject of a number of analyst reports. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective for the company in a research note on Thursday, May 15th. 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 research report on Friday, May 2nd. TD Cowen raised 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 research report on Thursday. Finally, 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 research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $251.38.

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.