Vident Advisory LLC Purchases 4,750 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Vident Advisory LLC raised its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 22.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,706 shares of the aerospace company's stock after acquiring an additional 4,750 shares during the period. Vident Advisory LLC owned about 0.07% of Huntington Ingalls Industries worth $4,858,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Huntington Ingalls Industries by 0.3% in the fourth 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 lifted its holdings in shares of Huntington Ingalls Industries by 2.9% in 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 purchasing 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 fourth quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company's stock valued at $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 fourth quarter. Dimensional Fund Advisors LP now owns 578,488 shares of the aerospace company's stock valued at $109,316,000 after purchasing an additional 77,718 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in shares of Huntington Ingalls Industries by 7.6% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 453,178 shares of the aerospace company's stock valued at $85,637,000 after purchasing an additional 31,934 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HII has been the topic of a number of research reports. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target 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 stock an "equal weight" rating in a report on Monday, May 5th. Finally, The Goldman Sachs Group upped their target price on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Huntington Ingalls Industries currently has an average rating of "Hold" and a consensus target price of $236.38.

Insider Activity

In related news, Director Anastasi D. Kelly sold 1,960 shares of the stock in a transaction that occurred 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 sale, the director now owns 17,485 shares of the company's stock, valued at $4,066,661.30. This represents a 10.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the sale, the chief accounting officer now directly owns 2,884 shares in the company, valued at $546,691.04. This represents a 20.64% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,010 shares of company stock valued at $899,510. 0.72% of the stock is owned by insiders.

Huntington Ingalls Industries Stock Performance

NYSE:HII traded up $0.40 on Friday, hitting $224.89. The company's stock had a trading volume of 256,660 shares, compared to its average volume of 531,402. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The stock has a fifty day moving average of $215.49 and a two-hundred day moving average of $199.01. The firm has a market capitalization of $8.82 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 1.15 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $285.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.80 billion. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. The business's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.87 earnings per share. Research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, May 30th. Huntington Ingalls Industries's payout ratio is 38.90%.

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.