Metis Global Partners LLC Grows Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Metis Global Partners LLC increased its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 19.4% in the fourth quarter, HoldingsChannel reports. The firm owned 2,980 shares of the aerospace company’s stock after purchasing an additional 484 shares during the quarter. Metis Global Partners LLC’s holdings in Huntington Ingalls Industries were worth $563,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HII. US Bancorp DE raised its stake in Huntington Ingalls Industries by 34.1% during the fourth quarter. US Bancorp DE now owns 3,899 shares of the aerospace company’s stock valued at $737,000 after buying an additional 992 shares during the last quarter. SVB Wealth LLC purchased a new position in Huntington Ingalls Industries during the fourth quarter valued at $643,000. Proficio Capital Partners LLC purchased a new position in Huntington Ingalls Industries during the fourth quarter valued at $11,249,000. Oppenheimer & Co. Inc. purchased a new position in Huntington Ingalls Industries during the fourth quarter valued at $494,000. Finally, Oppenheimer Asset Management Inc. raised its stake in Huntington Ingalls Industries by 3.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 10,064 shares of the aerospace company’s stock valued at $1,902,000 after buying an additional 363 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 Thomas C. Schievelbein purchased 2,120 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $164.82 per share, with a total value of $349,418.40. Following the completion of the acquisition, the director now owns 7,967 shares of the company’s stock, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.72% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Stock Up 12.6 %

HII stock opened at $194.05 on Thursday. 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 $295.74. The stock has a market capitalization of $7.59 billion, a P/E ratio of 13.90, a P/E/G ratio of 1.15 and a beta of 0.57. The business has a fifty day moving average price of $185.42 and a 200-day moving average price of $217.34.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. Equities analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries’s payout ratio is currently 38.68%.

Analysts Set New Price Targets

A number of brokerages have issued reports on HII. Barclays lowered 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 note on Monday, February 10th. The Goldman Sachs Group lowered their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a research note on Monday, February 10th. Finally, Bank of America decreased their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research note on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $221.22.

Huntington Ingalls Industries 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.