Syon Capital LLC Takes Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Syon Capital LLC purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,529 shares of the aerospace company's stock, valued at approximately $289,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in 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. acquired a new position in Huntington Ingalls Industries during the fourth quarter worth about $48,000. Bruce G. Allen Investments LLC grew its position in 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 buying an additional 85 shares during the period. Canada Post Corp Registered Pension Plan acquired a new position in Huntington Ingalls Industries during the fourth quarter worth about $70,000. Finally, SRS Capital Advisors Inc. grew its position in Huntington Ingalls Industries by 156.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock worth $91,000 after buying an additional 294 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein bought 2,120 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $164.82 per share, with a total value of $349,418.40. Following the purchase, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Nicolas G. Schuck sold 750 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. This represents a 20.64 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

Huntington Ingalls Industries Trading Down 2.0 %

Shares of HII traded down $4.53 on Thursday, hitting $225.81. 558,184 shares of the stock traded hands, compared to its average volume of 523,151. 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 market capitalization of $8.86 billion, a P/E ratio of 16.12, a P/E/G ratio of 1.15 and a beta of 0.34. The stock's 50 day moving average is $201.54 and its two-hundred day moving average is $200.52. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $285.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.89. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.80 billion. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The company's quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.87 earnings per share. As a group, sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.39%. Huntington Ingalls Industries's dividend payout ratio is currently 38.68%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HII. Barclays lowered their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a research report on Monday, February 10th. The Goldman Sachs Group upgraded shares of Huntington Ingalls Industries from a "sell" rating to a "buy" rating and increased their price target for the company from $145.00 to $234.00 in a research report on Friday, April 11th. 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. Based on data from MarketBeat, Huntington Ingalls Industries currently has an average rating of "Hold" and a consensus target price of $231.11.

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.