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

Natixis purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 1st quarter, Holdings Channel.com reports. The firm purchased 44,475 shares of the aerospace company’s stock, valued at approximately $12,963,000.

Several other large investors have also made changes to their positions in the company. Gulf International Bank UK Ltd boosted its position in shares of Huntington Ingalls Industries by 1.3% during the 1st quarter. Gulf International Bank UK Ltd now owns 3,284 shares of the aerospace company’s stock worth $957,000 after acquiring an additional 42 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Huntington Ingalls Industries by 5.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 871 shares of the aerospace company’s stock worth $226,000 after acquiring an additional 47 shares in the last quarter. Kestra Private Wealth Services LLC boosted its position in shares of Huntington Ingalls Industries by 0.5% during the 4th quarter. Kestra Private Wealth Services LLC now owns 10,418 shares of the aerospace company’s stock worth $2,705,000 after acquiring an additional 48 shares in the last quarter. Empirical Finance LLC boosted its position in shares of Huntington Ingalls Industries by 3.6% during the 1st quarter. Empirical Finance LLC now owns 1,427 shares of the aerospace company’s stock worth $416,000 after acquiring an additional 49 shares in the last quarter. Finally, Pitcairn Co. boosted its position in shares of Huntington Ingalls Industries by 5.3% during the 1st quarter. Pitcairn Co. now owns 1,056 shares of the aerospace company’s stock worth $308,000 after acquiring an additional 53 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Activity

In other news, VP Edmond E. Jr. Hughes sold 1,500 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $256.07, for a total transaction of $384,105.00. Following the completion of the transaction, the vice president now owns 8,135 shares of the company’s stock, valued at $2,083,129.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Edmond E. Jr. Hughes sold 1,500 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $256.07, for a total transaction of $384,105.00. Following the completion of the sale, the vice president now directly owns 8,135 shares in the company, valued at $2,083,129.45. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Jennifer R. Boykin sold 1,043 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $252.03, for a total transaction of $262,867.29. Following the sale, the vice president now owns 11,961 shares of the company’s stock, valued at $3,014,530.83. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Price Performance

NYSE:HII traded up $8.65 on Thursday, hitting $273.95. The company had a trading volume of 311,524 shares, compared to its average volume of 301,777. The stock has a market capitalization of $10.80 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 2.28 and a beta of 0.53. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average of $251.82 and a two-hundred day moving average of $266.23. Huntington Ingalls Industries, Inc. has a 52 week low of $199.11 and a 52 week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.50 by $0.37. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. Huntington Ingalls Industries had a net margin of 6.09% and a return on equity of 18.08%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.23 earnings per share. On average, research analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, May 31st. Huntington Ingalls Industries’s payout ratio is currently 29.31%.

Analysts Set New Price Targets

HII has been the topic of several analyst reports. Citigroup began coverage on shares of Huntington Ingalls Industries in a research report on Monday, May 20th. They set a “buy” rating and a $310.00 price target on the stock. StockNews.com downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of “Moderate Buy” and an average target price of $278.00.

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.