FORA Capital LLC Makes New Investment in Huntington Ingalls Industries, Inc. (NYSE:HII)

FORA Capital LLC purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,051 shares of the aerospace company’s stock, valued at approximately $766,000.

Several other hedge funds have also recently modified their holdings of the business. Barclays PLC lifted its holdings in Huntington Ingalls Industries by 54.1% during the third quarter. Barclays PLC now owns 137,004 shares of the aerospace company’s stock worth $36,221,000 after buying an additional 48,113 shares during the period. Tidal Investments LLC boosted its position in Huntington Ingalls Industries by 17.8% during the third quarter. Tidal Investments LLC now owns 2,040 shares of the aerospace company’s stock valued at $539,000 after purchasing an additional 308 shares in the last quarter. Principal Financial Group Inc. grew its stake in Huntington Ingalls Industries by 7.4% in the third quarter. Principal Financial Group Inc. now owns 139,248 shares of the aerospace company’s stock valued at $36,812,000 after purchasing an additional 9,634 shares during the last quarter. GAMMA Investing LLC raised its holdings in Huntington Ingalls Industries by 73.5% in the fourth quarter. GAMMA Investing LLC now owns 654 shares of the aerospace company’s stock worth $124,000 after purchasing an additional 277 shares in the last quarter. Finally, First Hawaiian Bank lifted its position in shares of Huntington Ingalls Industries by 11.5% during the fourth quarter. First Hawaiian Bank now owns 5,312 shares of the aerospace company’s stock valued at $1,004,000 after buying an additional 549 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In related news, Director Anastasi D. Kelly sold 1,960 shares of the business’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total value of $455,856.80. Following the completion of the transaction, the director now directly owns 17,485 shares in the company, valued at $4,066,661.30. The trade was a 10.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the transaction, the director now owns 7,967 shares of the company’s stock, valued at $1,313,120.94. This trade represents a 36.26 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 4,010 shares of company stock valued at $899,510 over the last 90 days. Insiders own 0.86% of the company’s stock.

Huntington Ingalls Industries Price Performance

NYSE HII opened at $231.61 on Friday. The company has a market cap of $9.09 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 1.15 and a beta of 0.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. The stock’s fifty day moving average price is $209.68 and its 200 day moving average price is $199.12. 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) last announced its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.89. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the business posted $3.87 earnings per share. As a group, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.33%. Huntington Ingalls Industries’s payout ratio is currently 38.90%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HII shares. Barclays boosted their price objective on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. The Goldman Sachs Group increased their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a “buy” rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $238.44.

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.