Mirae Asset Global Investments Co. Ltd. Makes New Investment in Huntington Ingalls Industries, Inc. (NYSE:HII)

Mirae Asset Global Investments Co. Ltd. bought a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,433 shares of the aerospace company's stock, valued at approximately $2,709,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Huntington Ingalls Industries by 0.8% in the first quarter. BlackRock Inc. now owns 3,915,794 shares of the aerospace company's stock valued at $810,648,000 after acquiring an additional 30,355 shares during the period. State Street Corp increased its stake in Huntington Ingalls Industries by 2.0% in the 1st quarter. State Street Corp now owns 2,958,318 shares of the aerospace company's stock worth $612,431,000 after buying an additional 58,521 shares during the period. FMR LLC increased its stake in Huntington Ingalls Industries by 0.5% in the 3rd quarter. FMR LLC now owns 2,511,066 shares of the aerospace company's stock worth $513,714,000 after buying an additional 12,322 shares during the period. Morgan Stanley increased its stake in Huntington Ingalls Industries by 133.8% in the 4th quarter. Morgan Stanley now owns 1,285,139 shares of the aerospace company's stock worth $296,456,000 after buying an additional 735,356 shares during the period. Finally, Geode Capital Management LLC increased its stake in Huntington Ingalls Industries by 0.9% in the 1st quarter. Geode Capital Management LLC now owns 880,599 shares of the aerospace company's stock worth $181,911,000 after buying an additional 7,798 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 1,293 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $291.28, for a total value of $376,625.04. Following the sale, the chief accounting officer now directly owns 2,250 shares in the company, valued at approximately $655,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Edgar A. Green III sold 3,603 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $290.75, for a total value of $1,047,572.25. Following the sale, the vice president now directly owns 7,461 shares in the company, valued at approximately $2,169,285.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Nicolas G. Schuck sold 1,293 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $291.28, for a total transaction of $376,625.04. Following the completion of the sale, the chief accounting officer now owns 2,250 shares in the company, valued at $655,380. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,472 shares of company stock valued at $2,398,345. Company insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

HII has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an "overweight" rating in a research note on Thursday, March 21st. Barclays raised their price target on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 6th.

Huntington Ingalls Industries Stock Up 1.0 %

NYSE HII traded up $2.82 during trading on Friday, reaching $271.66. 346,583 shares of the company's stock traded hands, compared to its average volume of 297,042. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.95 and a quick ratio of 0.89. The firm has a market cap of $10.76 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 2.56 and a beta of 0.60. The company's 50 day simple moving average is $285.91 and its two-hundred day simple moving average is $257.35. Huntington Ingalls Industries, Inc. has a 12-month low of $188.51 and a 12-month high of $299.50.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its earnings results on Thursday, February 1st. The aerospace company reported $6.90 EPS for the quarter, beating analysts' consensus estimates of $4.27 by $2.63. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $2.78 billion. Huntington Ingalls Industries had a net margin of 5.95% and a return on equity of 18.12%. The company's revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.07 EPS. As a group, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 16.36 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Thursday, February 22nd. Huntington Ingalls Industries's dividend payout ratio (DPR) is 30.41%.

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.