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

Vident Advisory LLC raised its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 22.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,706 shares of the aerospace company's stock after buying an additional 4,750 shares during the quarter. Vident Advisory LLC owned about 0.07% of Huntington Ingalls Industries worth $4,858,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in Huntington Ingalls Industries by 503.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock worth $30,000 after acquiring an additional 131 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at about $36,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $48,000. Canada Post Corp Registered Pension Plan purchased a new position in Huntington Ingalls Industries during the fourth quarter worth approximately $70,000. Finally, SRS Capital Advisors Inc. increased its stake in shares of Huntington Ingalls Industries by 156.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock worth $91,000 after acquiring an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII traded up $0.40 during trading hours on Monday, hitting $224.89. 256,660 shares of the company's stock traded hands, compared to its average volume of 532,625. The company has a market cap of $8.82 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 1.15 and a beta of 0.31. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. The company's fifty day simple moving average is $215.49 and its two-hundred day simple moving average is $198.99. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $285.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the previous year, the company posted $3.87 earnings per share. Huntington Ingalls Industries's revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

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

Insiders Place Their Bets

In related news, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the sale, the chief accounting officer now owns 2,884 shares in the company, valued at approximately $546,691.04. This trade represents a 20.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anastasi D. Kelly sold 1,960 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total transaction of $455,856.80. Following the completion of the sale, the director now directly owns 17,485 shares in the company, valued at $4,066,661.30. This trade represents a 10.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,010 shares of company stock valued at $899,510 in the last three months. Insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

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

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.