Natixis Invests $1.98 Million in Huntington Ingalls Industries, Inc. (NYSE:HII)

Natixis bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,498 shares of the aerospace company’s stock, valued at approximately $1,984,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR purchased a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at about $2,056,000. Assetmark Inc. grew its stake in shares of Huntington Ingalls Industries by 2,154.9% in the fourth quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company’s stock worth $1,474,000 after purchasing an additional 7,456 shares during the last quarter. Northcape Wealth Management LLC purchased a new position in Huntington Ingalls Industries during the 4th quarter valued at about $3,642,000. O Keefe Stevens Advisory Inc. raised its position in Huntington Ingalls Industries by 63.0% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company’s stock valued at $655,000 after purchasing an additional 1,339 shares during the last quarter. Finally, Essential Planning LLC. bought a new position in Huntington Ingalls Industries during the 4th quarter valued at approximately $2,457,000. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HII has been the subject of a number of recent analyst reports. Barclays decreased their target price on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. The Goldman Sachs Group upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “buy” rating and upped their price objective for the stock from $145.00 to $234.00 in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of “Hold” and a consensus price target of $231.11.

Insider Activity

In other news, Director Thomas C. Schievelbein acquired 2,120 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average cost of $164.82 per share, with a total value 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Nicolas G. Schuck sold 750 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the sale, the chief accounting officer now owns 2,884 shares of the company’s stock, valued at approximately $546,691.04. This represents a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Trading Down 0.3 %

Shares of NYSE HII opened at $217.11 on Wednesday. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $285.81. 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 firm has a 50-day moving average of $194.74 and a 200 day moving average of $201.42. The stock has a market cap of $8.52 billion, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 1.15 and a beta of 0.34.

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

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $1.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.49%. Huntington Ingalls Industries’s dividend payout ratio is currently 38.68%.

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.