Natixis Purchases Shares of 10,498 Huntington Ingalls Industries, Inc. (NYSE:HII)

Natixis acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,498 shares of the aerospace company's stock, valued at approximately $1,984,000.

Other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in shares of 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 buying an additional 131 shares during the period. Wingate Wealth Advisors Inc. purchased a new stake in Huntington Ingalls Industries during the fourth quarter worth about $48,000. Bruce G. Allen Investments LLC lifted its position in shares of Huntington Ingalls Industries by 43.4% during the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company's stock worth $53,000 after purchasing an additional 85 shares in the last quarter. Canada Post Corp Registered Pension Plan purchased a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $70,000. Finally, SRS Capital Advisors Inc. boosted its stake in shares of Huntington Ingalls Industries by 156.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock valued at $91,000 after purchasing an additional 294 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Activity at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas C. Schievelbein acquired 2,120 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $164.82 per share, with a total value of $349,418.40. Following the completion of the purchase, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. This represents a 36.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HII has been the topic of a number of research reports. The Goldman Sachs Group upgraded shares of Huntington Ingalls Industries from a "sell" rating to a "buy" rating and increased their target price for the stock from $145.00 to $234.00 in a report on Friday, April 11th. Barclays cut their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Huntington Ingalls Industries currently has an average rating of "Hold" and an average target price of $231.11.

Huntington Ingalls Industries Price Performance

HII stock traded up $2.03 on Monday, reaching $228.08. 192,113 shares of the company's stock were exchanged, compared to its average volume of 518,751. The stock has a fifty day moving average of $198.20 and a 200-day moving average of $200.32. The firm has a market cap of $8.95 billion, a PE ratio of 16.35, a P/E/G ratio of 1.15 and a beta of 0.34. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $285.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. As a group, equities analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $1.35 dividend. The ex-dividend date was Friday, February 28th. This represents a $5.40 annualized dividend and a dividend yield of 2.37%. Huntington Ingalls Industries's dividend payout ratio is presently 38.68%.

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.