Aigen Investment Management LP Buys New Shares in Huntington Ingalls Industries, Inc. (NYSE:HII)

Aigen Investment Management LP bought a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,988 shares of the aerospace company’s stock, valued at approximately $754,000.

Several other hedge funds have also made changes to their positions in the stock. Northcape Wealth Management LLC bought a new position in Huntington Ingalls Industries during the fourth quarter worth about $3,642,000. Stifel Financial Corp lifted its stake in Huntington Ingalls Industries by 36.6% during the third quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company’s stock worth $6,181,000 after purchasing an additional 6,253 shares during the period. O Keefe Stevens Advisory Inc. lifted its stake in Huntington Ingalls Industries by 63.0% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company’s stock worth $655,000 after purchasing an additional 1,339 shares during the period. JPMorgan Chase & Co. lifted its stake in Huntington Ingalls Industries by 45.3% during the third quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock worth $80,886,000 after purchasing an additional 95,324 shares during the period. Finally, Citigroup Inc. lifted its stake in Huntington Ingalls Industries by 3.6% during the third quarter. Citigroup Inc. now owns 82,752 shares of the aerospace company’s stock worth $21,878,000 after purchasing an additional 2,847 shares during the period. Institutional investors own 90.46% of the company’s stock.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein acquired 2,120 shares of Huntington Ingalls Industries stock in a transaction on Thursday, February 13th. The shares were purchased 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 $1,313,120.94. The trade was a 36.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on HII shares. Barclays cut their price target on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. The Goldman Sachs Group cut their price target on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a research note on Monday, February 10th. Finally, Bank of America dropped their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $221.22.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $193.76 on Friday. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 1.15 and a beta of 0.57. The company has a 50 day moving average of $185.42 and a 200-day moving average of $217.34. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $294.81.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. On average, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio is currently 38.68%.

Huntington Ingalls Industries Company 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.