Natixis Makes New $1.98 Million Investment in Huntington Ingalls Industries, Inc. (NYSE:HII)

Natixis purchased a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,498 shares of the aerospace company’s stock, valued at approximately $1,984,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Huntington Ingalls Industries by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company’s stock valued at $950,391,000 after purchasing an additional 14,988 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Huntington Ingalls Industries by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company’s stock valued at $197,677,000 after purchasing an additional 29,670 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Huntington Ingalls Industries by 15.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 578,488 shares of the aerospace company’s stock valued at $109,316,000 after purchasing an additional 77,718 shares during the period. Thompson Siegel & Walmsley LLC lifted its stake in shares of Huntington Ingalls Industries by 7.6% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 453,178 shares of the aerospace company’s stock valued at $85,637,000 after buying an additional 31,934 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in Huntington Ingalls Industries by 32.4% in the 4th quarter. Sei Investments Co. now owns 445,926 shares of the aerospace company’s stock worth $84,269,000 after buying an additional 109,134 shares during the period. Institutional investors own 90.46% of the company’s stock.

Insiders Place Their Bets

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

Huntington Ingalls Industries Trading Down 0.3 %

Shares of Huntington Ingalls Industries stock opened at $217.11 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $285.81. The firm has a market cap of $8.52 billion, a PE ratio of 15.55, a PEG ratio of 1.15 and a beta of 0.34. The company has a 50 day simple moving average of $194.74 and a two-hundred day simple moving average of $201.42.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (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%. Analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $1.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a yield of 2.49%. Huntington Ingalls Industries’s payout ratio is 38.68%.

Analysts Set New Price Targets

HII has been the topic of a number of analyst reports. 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 report on Monday, February 10th. The Goldman Sachs Group upgraded Huntington Ingalls Industries from a “sell” rating to a “buy” rating and boosted their price objective for the company from $145.00 to $234.00 in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $231.11.

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.