BNP Paribas Financial Markets Acquires 4,086 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

BNP Paribas Financial Markets grew its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 6.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,090 shares of the aerospace company's stock after purchasing an additional 4,086 shares during the period. BNP Paribas Financial Markets owned approximately 0.17% of Huntington Ingalls Industries worth $17,419,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Valley National Advisers Inc. purchased a new position in Huntington Ingalls Industries during the 4th quarter worth $1,094,000. Raymond James & Associates grew its position in Huntington Ingalls Industries by 22.9% during the fourth quarter. Raymond James & Associates now owns 56,596 shares of the aerospace company's stock valued at $14,695,000 after buying an additional 10,539 shares during the period. Ceredex Value Advisors LLC acquired a new stake in Huntington Ingalls Industries in the fourth quarter valued at approximately $9,360,000. Aviva PLC lifted its holdings in Huntington Ingalls Industries by 1.9% during the third quarter. Aviva PLC now owns 54,141 shares of the aerospace company's stock valued at $11,076,000 after purchasing an additional 992 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth approximately $4,217,000. 90.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Barclays upped 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. JPMorgan Chase & Co. boosted their target price on Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an "overweight" rating in a research report on Thursday, March 21st. Finally, StockNews.com lowered Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 3rd.

Huntington Ingalls Industries Trading Up 0.0 %

Shares of HII traded up $0.12 during mid-day trading on Wednesday, reaching $251.63. The company had a trading volume of 171,580 shares, compared to its average volume of 317,761. The stock has a market cap of $9.92 billion, a price-to-earnings ratio of 14.18, a price-to-earnings-growth ratio of 2.37 and a beta of 0.60. The firm has a fifty day simple moving average of $277.45 and a 200-day simple moving average of $263.45. Huntington Ingalls Industries, Inc. has a fifty-two week low of $194.52 and a fifty-two week high of $299.50. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.50 by $0.37. The firm 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 quarter in the previous year, the firm posted $3.23 EPS. On average, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.35 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Friday, May 31st. Huntington Ingalls Industries's payout ratio is 29.31%.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 1,293 shares of the stock in a transaction that occurred on 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 directly owns 2,250 shares of the company's stock, valued at $655,380. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CAO Nicolas G. Schuck sold 1,293 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $291.28, for a total transaction of $376,625.04. Following the transaction, the chief accounting officer now owns 2,250 shares in the company, valued at approximately $655,380. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Jennifer R. Boykin sold 1,043 shares of the firm's stock in a transaction on Friday, May 10th. The shares were sold at an average price of $252.03, for a total transaction of $262,867.29. Following the completion of the transaction, the vice president now owns 11,961 shares in the company, valued at $3,014,530.83. The disclosure for this sale can be found here. Insiders sold 6,439 shares of company stock valued at $1,831,345 in the last ninety days. Company insiders own 0.72% of the company's stock.

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.