Los Angeles Capital Management LLC Invests $4.22 Million in Huntington Ingalls Industries, Inc. (NYSE:HII)

Los Angeles Capital Management LLC 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 13F filing with the SEC. The fund bought 16,241 shares of the aerospace company's stock, valued at approximately $4,217,000.

Other hedge funds also recently modified their holdings of the company. Cranbrook Wealth Management LLC acquired a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC bought a new position in Huntington Ingalls Industries in the fourth quarter valued at about $30,000. Quantbot Technologies LP bought a new position in Huntington Ingalls Industries in the third quarter valued at about $25,000. Level Financial Advisors Inc. bought a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth about $43,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth about $48,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HII shares. StockNews.com lowered shares of Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research note on Friday. Barclays boosted their price objective on Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an "equal weight" rating in a report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. increased their target price on Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an "overweight" rating in a report on Thursday, March 21st.

Huntington Ingalls Industries Stock Up 0.1 %

Shares of Huntington Ingalls Industries stock traded up $0.36 on Monday, hitting $246.59. The company had a trading volume of 355,813 shares, compared to its average volume of 320,740. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.89 and a current ratio of 0.96. The stock has a market capitalization of $9.72 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 2.32 and a beta of 0.60. The stock has a 50 day moving average of $283.26 and a 200-day moving average of $261.81. Huntington Ingalls Industries, Inc. has a 1 year low of $193.38 and a 1 year high of $299.50.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share for the quarter, topping analysts' consensus estimates of $3.50 by $0.37. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. Huntington Ingalls Industries had a net margin of 6.09% and a return on equity of 18.08%. The firm's quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.23 EPS. As a group, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.11%. The ex-dividend date is Friday, May 31st. Huntington Ingalls Industries's dividend payout ratio is 29.31%.

Insider Activity

In related news, VP Edgar A. Green III sold 3,603 shares of Huntington Ingalls Industries stock in a transaction on 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 transaction, the vice president now owns 7,461 shares in the company, valued at approximately $2,169,285.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP D R. Wyatt sold 500 shares of the business's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $288.56, for a total value of $144,280.00. Following the completion of the transaction, the vice president now directly owns 18,600 shares in the company, valued at approximately $5,367,216. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Edgar A. Green III sold 3,603 shares of the stock in a transaction on 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 owns 7,461 shares in the company, valued at $2,169,285.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,572 shares of company stock worth $2,161,024. 0.72% of the stock is currently owned by corporate insiders.

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.