Natixis Buys Shares of 44,475 Huntington Ingalls Industries, Inc. (NYSE:HII)

Natixis bought a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 44,475 shares of the aerospace company’s stock, valued at approximately $12,963,000. Natixis owned 0.11% of Huntington Ingalls Industries as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HII. Raymond James Trust N.A. acquired a new position in shares of Huntington Ingalls Industries in the fourth quarter worth $256,000. HB Wealth Management LLC acquired a new position in shares of Huntington Ingalls Industries in the fourth quarter worth $210,000. Raymond James & Associates increased its stake in shares of Huntington Ingalls Industries by 22.9% in the fourth quarter. Raymond James & Associates now owns 56,596 shares of the aerospace company’s stock worth $14,695,000 after acquiring an additional 10,539 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Huntington Ingalls Industries by 23.8% in the fourth quarter. Pacer Advisors Inc. now owns 3,186 shares of the aerospace company’s stock worth $827,000 after acquiring an additional 613 shares during the last quarter. Finally, Bar Harbor Wealth Management increased its stake in shares of Huntington Ingalls Industries by 1.5% in the fourth quarter. Bar Harbor Wealth Management now owns 37,666 shares of the aerospace company’s stock worth $9,780,000 after acquiring an additional 542 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Edmond E. Jr. Hughes sold 1,500 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $256.07, for a total value of $384,105.00. Following the sale, the vice president now directly owns 8,135 shares of the company’s stock, valued at $2,083,129.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, VP Jennifer R. Boykin sold 1,043 shares of Huntington Ingalls Industries stock in a transaction dated 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 directly owns 11,961 shares of the company’s stock, valued at $3,014,530.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Edmond E. Jr. Hughes sold 1,500 shares of Huntington Ingalls Industries stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $256.07, for a total value of $384,105.00. Following the sale, the vice president now directly owns 8,135 shares in the company, valued at $2,083,129.45. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on HII shares. 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. Citigroup started coverage on shares of Huntington Ingalls Industries in a research report on Monday, May 20th. They set a “buy” rating and a $310.00 target price on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Huntington Ingalls Industries has an average rating of “Moderate Buy” and a consensus price target of $278.00.

Huntington Ingalls Industries Stock Up 3.3 %

Huntington Ingalls Industries stock traded up $8.65 during mid-day trading on Thursday, hitting $273.95. 311,524 shares of the company’s stock were exchanged, compared to its average volume of 301,777. 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 stock has a market cap of $10.80 billion, a P/E ratio of 15.44, a P/E/G ratio of 2.28 and a beta of 0.53. Huntington Ingalls Industries, Inc. has a 1-year low of $199.11 and a 1-year high of $299.50. The stock has a 50 day moving average of $251.82 and a two-hundred day moving average of $266.23.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, May 2nd. The aerospace company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.50 by $0.37. The firm had revenue of $2.80 billion for 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 business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.23 earnings per share. As a group, analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.35 EPS for the current fiscal 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 given a $1.30 dividend. 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 dividend payout ratio is currently 29.31%.

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.