MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $21.07 Million Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 27.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 111,471 shares of the aerospace company's stock after purchasing an additional 24,065 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.28% of Huntington Ingalls Industries worth $21,065,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of HII. Barclays PLC raised its holdings in Huntington Ingalls Industries by 54.1% during the 3rd quarter. Barclays PLC now owns 137,004 shares of the aerospace company's stock worth $36,221,000 after purchasing an additional 48,113 shares during the last quarter. Czech National Bank grew its position in shares of Huntington Ingalls Industries by 6.2% during the 4th quarter. Czech National Bank now owns 8,484 shares of the aerospace company's stock worth $1,603,000 after buying an additional 496 shares during the period. Capital Investment Advisors LLC raised its stake in shares of Huntington Ingalls Industries by 10.7% during the fourth quarter. Capital Investment Advisors LLC now owns 8,006 shares of the aerospace company's stock worth $1,513,000 after buying an additional 772 shares during the last quarter. Wedmont Private Capital lifted its holdings in Huntington Ingalls Industries by 7.0% in the fourth quarter. Wedmont Private Capital now owns 1,962 shares of the aerospace company's stock valued at $373,000 after buying an additional 129 shares during the period. Finally, Signal Advisors Wealth LLC lifted its holdings in Huntington Ingalls Industries by 49.0% in the fourth quarter. Signal Advisors Wealth LLC now owns 6,247 shares of the aerospace company's stock valued at $1,181,000 after buying an additional 2,053 shares during the period. 90.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. The Goldman Sachs Group lifted their target price on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Alembic Global Advisors raised 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. 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 report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of "Hold" and a consensus target price of $244.56.

Huntington Ingalls Industries Trading Up 0.8%

Shares of HII traded up $1.83 during trading hours on Friday, reaching $229.99. The stock had a trading volume of 311,295 shares, compared to its average volume of 528,309. The company has a market cap of $9.02 billion, a P/E ratio of 16.47, a P/E/G ratio of 1.15 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $285.81. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average of $212.88 and a 200 day moving average of $197.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) 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 firm had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.80 billion. During the same period in the previous year, the firm earned $3.87 earnings per share. The company's revenue was down 2.5% on a year-over-year basis. On average, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors 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 annualized dividend and a dividend yield of 2.35%. Huntington Ingalls Industries's dividend payout ratio is presently 38.90%.

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 shares were sold at an average price of $231.91, for a total value of $301,483.00. Following the transaction, the vice president now owns 9,581 shares of the company's stock, valued at approximately $2,221,929.71. The trade was a 11.95% 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, Director Anastasi D. Kelly sold 1,960 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 17,485 shares of the company's stock, 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. In the last three months, insiders sold 4,010 shares of company stock valued at $899,510. 0.72% of the stock is owned by corporate insiders.

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.