Huntington Ingalls Industries, Inc. $HII Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 7.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 178,613 shares of the aerospace company’s stock after selling 13,727 shares during the quarter. Natixis Advisors LLC’s holdings in Huntington Ingalls Industries were worth $60,740,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in HII. Geneos Wealth Management Inc. grew its holdings in shares of Huntington Ingalls Industries by 40.1% during the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 59 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Huntington Ingalls Industries by 329.4% during the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the aerospace company’s stock worth $88,000 after purchasing an additional 280 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Huntington Ingalls Industries by 432.1% during the second quarter. Marshall Wace LLP now owns 38,144 shares of the aerospace company’s stock worth $9,210,000 after purchasing an additional 30,975 shares during the last quarter. Cresset Asset Management LLC grew its holdings in shares of Huntington Ingalls Industries by 23.0% during the second quarter. Cresset Asset Management LLC now owns 1,575 shares of the aerospace company’s stock worth $381,000 after purchasing an additional 294 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Huntington Ingalls Industries during the second quarter worth about $398,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $288.04 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.19 and a debt-to-equity ratio of 0.52. Huntington Ingalls Industries, Inc. has a 52-week low of $215.04 and a 52-week high of $460.00. The business’s 50-day moving average price is $356.46 and its 200 day moving average price is $372.05. The firm has a market cap of $11.35 billion, a P/E ratio of 18.74, a P/E/G ratio of 1.24 and a beta of 0.23.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.09. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter last year, the company posted $3.79 earnings per share. The business’s revenue was up 13.4% on a year-over-year basis. On average, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 17.32 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 12th. Investors of record on Friday, May 29th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 35.91%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Weiss Ratings lowered Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Wells Fargo & Company assumed coverage on Huntington Ingalls Industries in a report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price objective on the stock. Bank of America raised Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $300.00 to $400.00 in a report on Thursday, February 12th. TD Cowen dropped their price objective on Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Finally, Wall Street Zen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus price target of $388.50.

Insider Activity

In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the transaction, the vice president owned 8,391 shares of the company’s stock, valued at $2,681,595.78. This trade represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.80% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.