Natixis Advisors LLC Boosts Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Natixis Advisors LLC lifted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 36.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,327 shares of the aerospace company’s stock after purchasing an additional 25,846 shares during the quarter. Natixis Advisors LLC’s holdings in Huntington Ingalls Industries were worth $18,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of HII. Victory Capital Management Inc. raised its stake in shares of Huntington Ingalls Industries by 1.9% in the third quarter. Victory Capital Management Inc. now owns 29,748 shares of the aerospace company’s stock worth $7,865,000 after purchasing an additional 561 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Huntington Ingalls Industries by 7.8% in the third quarter. CIBC Asset Management Inc now owns 5,753 shares of the aerospace company’s stock worth $1,521,000 after purchasing an additional 414 shares during the last quarter. Pathstone Holdings LLC raised its stake in shares of Huntington Ingalls Industries by 11.9% in the third quarter. Pathstone Holdings LLC now owns 9,849 shares of the aerospace company’s stock worth $2,604,000 after purchasing an additional 1,044 shares during the last quarter. Caprock Group LLC purchased a new position in shares of Huntington Ingalls Industries in the third quarter worth $277,000. Finally, Meeder Asset Management Inc. raised its stake in shares of Huntington Ingalls Industries by 6.2% in the third quarter. Meeder Asset Management Inc. now owns 19,458 shares of the aerospace company’s stock worth $5,144,000 after purchasing an additional 1,136 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein acquired 2,120 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was purchased at an average price of $164.82 per share, with a total value of $349,418.40. Following the completion of the purchase, the director now directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,884 shares of the company’s stock, valued at approximately $546,691.04. This trade represents a 20.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Barclays reduced their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. The Goldman Sachs Group reduced their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus target price of $221.22.

Huntington Ingalls Industries Stock Performance

Shares of HII opened at $208.42 on Wednesday. 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 business has a 50-day simple moving average of $187.06 and a two-hundred day simple moving average of $211.96. The stock has a market cap of $8.18 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.15 and a beta of 0.49. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week 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 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. On average, analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 38.68%.

About Huntington Ingalls Industries

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.