Maven Securities LTD Buys Shares of 3,676 Huntington Ingalls Industries, Inc. (NYSE:HII)

Maven Securities LTD acquired a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,676 shares of the aerospace company's stock, valued at approximately $695,000.

Several other large investors have also recently made changes to their positions in HII. EverSource Wealth Advisors LLC raised its position in Huntington Ingalls Industries by 503.8% during the fourth 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 period. Wingate Wealth Advisors Inc. purchased a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at about $48,000. Canada Post Corp Registered Pension Plan purchased a new position in Huntington Ingalls Industries during the fourth quarter worth about $70,000. SRS Capital Advisors Inc. boosted its stake in Huntington Ingalls Industries by 156.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock worth $91,000 after buying an additional 294 shares during the period. Finally, Exchange Traded Concepts LLC boosted its stake in Huntington Ingalls Industries by 37.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company's stock worth $101,000 after buying an additional 145 shares during the period. 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 Edmond E. Jr. Hughes sold 1,300 shares of Huntington Ingalls Industries stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total value of $301,483.00. Following the completion of the transaction, the vice president now directly owns 9,581 shares in the company, valued at $2,221,929.71. The trade was a 11.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $455,856.80. Following the completion of the transaction, the director now directly owns 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 disclosure for this sale can be found here. Over the last three months, insiders sold 4,010 shares of company stock worth $899,510. Corporate insiders own 0.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HII shares. The Goldman Sachs Group raised their price objective 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. Barclays raised their target price on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Finally, Alembic Global Advisors raised shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $244.56.

Huntington Ingalls Industries Stock Up 0.8%

Huntington Ingalls Industries stock traded up $1.83 during midday trading on Friday, hitting $229.99. 311,295 shares of the company were exchanged, compared to its average volume of 527,286. The company has a market cap of $9.02 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 1.15 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $285.81. The company's fifty day moving average price is $212.88 and its 200-day moving average price is $198.17. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, topping the consensus estimate of $2.90 by $0.89. The business had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.80 billion. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. The company's revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.87 earnings per share. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a yield of 2.35%. Huntington Ingalls Industries's dividend payout ratio (DPR) is 38.90%.

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.