Natixis Advisors LLC Boosts Holdings in Huntington Ingalls Industries, Inc. $HII

Natixis Advisors LLC grew its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 7.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 192,340 shares of the aerospace company’s stock after purchasing an additional 13,178 shares during the quarter. Natixis Advisors LLC owned approximately 0.49% of Huntington Ingalls Industries worth $55,378,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Ameriflex Group Inc. boosted its holdings in Huntington Ingalls Industries by 8,590.0% in the 3rd quarter. Ameriflex Group Inc. now owns 869 shares of the aerospace company’s stock worth $250,000 after buying an additional 859 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of Huntington Ingalls Industries by 84.4% during the third quarter. Blair William & Co. IL now owns 2,523 shares of the aerospace company’s stock valued at $726,000 after acquiring an additional 1,155 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Huntington Ingalls Industries by 12.9% in the third quarter. First Trust Advisors LP now owns 670,268 shares of the aerospace company’s stock valued at $192,977,000 after acquiring an additional 76,512 shares in the last quarter. Ironsides Asset Advisors LLC purchased a new position in shares of Huntington Ingalls Industries in the third quarter valued at approximately $461,000. Finally, Perennial Investment Advisors LLC acquired a new stake in shares of Huntington Ingalls Industries in the third quarter worth approximately $207,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 4,400 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $422.45, for a total transaction of $1,858,780.00. Following the transaction, the vice president owned 20,360 shares of the company’s stock, valued at approximately $8,601,082. The trade was a 17.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Eric D. Chewning sold 1,700 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $433.44, for a total transaction of $736,848.00. Following the completion of the sale, the executive vice president directly owned 1,949 shares of the company’s stock, valued at $844,774.56. This represents a 46.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.86% of the stock is owned by insiders.

Huntington Ingalls Industries Price Performance

HII stock opened at $429.70 on Tuesday. Huntington Ingalls Industries, Inc. has a 1 year low of $177.42 and a 1 year high of $460.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.13 and a quick ratio of 1.06. The firm has a market capitalization of $16.86 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 1.75 and a beta of 0.32. The business has a 50 day simple moving average of $410.53 and a 200-day simple moving average of $338.33.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $3.72 by $0.32. The firm had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.09 billion. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The firm’s revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.15 earnings per share. Equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, February 27th. Huntington Ingalls Industries’s payout ratio is currently 35.91%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HII. Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $300.00 to $400.00 in a research report on Thursday, February 12th. Weiss Ratings lowered Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Wall Street Zen cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. TD Cowen upped their target price on shares of Huntington Ingalls Industries from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Friday. Finally, Melius Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $384.13.

Huntington Ingalls Industries 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.