Natixis Advisors LLC Has $31.60 Million Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Key Points

• Natixis Advisors LLC increased its stake in Huntington Ingalls Industries by 59.1%, purchasing an additional 57,554 shares to own a total of 154,881 shares valued at approximately $31.6 million.
• Huntington Ingalls Industries reported a quarterly earnings EPS of $3.86, exceeding analysts' expectations of $3.23, along with a revenue increase of 3.5% year-over-year to $3.08 billion.
• The company declared a quarterly dividend of $1.35 per share, with a payout ratio of 38.90% and an annual yield of 1.9%.

Natixis Advisors LLC raised its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 59.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 154,881 shares of the aerospace company's stock after acquiring an additional 57,554 shares during the period. Natixis Advisors LLC owned 0.39% of Huntington Ingalls Industries worth $31,602,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HII. Patriot Financial Group Insurance Agency LLC boosted its position in Huntington Ingalls Industries by 2.5% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,124 shares of the aerospace company's stock valued at $433,000 after buying an additional 51 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Huntington Ingalls Industries by 12.2% in the 1st quarter. Farther Finance Advisors LLC now owns 514 shares of the aerospace company's stock valued at $104,000 after purchasing an additional 56 shares in the last quarter. HM Payson & Co. raised its stake in shares of Huntington Ingalls Industries by 71.9% in the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock valued at $31,000 after purchasing an additional 64 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake in shares of Huntington Ingalls Industries by 8.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 820 shares of the aerospace company's stock valued at $167,000 after purchasing an additional 65 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Huntington Ingalls Industries by 0.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 11,930 shares of the aerospace company's stock valued at $2,254,000 after purchasing an additional 66 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 1,965 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total transaction of $449,867.10. Following the sale, the vice president directly owned 21,228 shares of the company's stock, valued at approximately $4,859,938.32. This represents a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total transaction of $301,483.00. Following the sale, the vice president directly owned 9,581 shares in the company, valued at $2,221,929.71. This trade represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,225 shares of company stock worth $1,207,207. 0.86% of the stock is owned by insiders.

Analyst Ratings Changes

HII has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their target price on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Wall Street Zen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a research note on Saturday. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target on the stock in a research note on Thursday, May 15th. TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and increased their price objective for the company from $250.00 to $300.00 in a report on Thursday, July 10th. Finally, Barclays raised their target price on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an "equal weight" rating in a report on Monday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $258.88.

Huntington Ingalls Industries Trading Down 0.1%

Shares of NYSE:HII traded down $0.29 during trading on Monday, hitting $269.54. 91,282 shares of the company's stock were exchanged, compared to its average volume of 651,641. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $293.14. The firm has a 50-day moving average price of $243.11 and a two-hundred day moving average price of $216.24. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. The firm has a market cap of $10.58 billion, a P/E ratio of 20.17, a PEG ratio of 1.66 and a beta of 0.33.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, topping the consensus estimate of $3.23 by $0.63. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The company had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter in the previous year, the company earned $4.38 EPS. Huntington Ingalls Industries's revenue was up 3.5% on a year-over-year basis. Equities analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a dividend of $1.35 per share. The ex-dividend date is Friday, August 29th. This represents a $5.40 annualized dividend and a yield of 2.0%. Huntington Ingalls Industries's dividend payout ratio is presently 40.42%.

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.