Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Acquired by First Trust Advisors LP

First Trust Advisors LP lifted its stake in Huntington Ingalls Industries, Inc. (NYSE:HIIFree Report) by 15.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 97,540 shares of the aerospace company’s stock after acquiring an additional 12,882 shares during the quarter. First Trust Advisors LP owned 0.25% of Huntington Ingalls Industries worth $25,325,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in HII. Royal London Asset Management Ltd. lifted its stake in Huntington Ingalls Industries by 147.9% during the fourth quarter. Royal London Asset Management Ltd. now owns 1,279 shares of the aerospace company’s stock worth $332,000 after purchasing an additional 763 shares in the last quarter. Rafferty Asset Management LLC lifted its stake in Huntington Ingalls Industries by 5.5% during the 4th quarter. Rafferty Asset Management LLC now owns 16,824 shares of the aerospace company’s stock worth $4,368,000 after acquiring an additional 876 shares in the last quarter. KBC Group NV lifted its stake in Huntington Ingalls Industries by 30.8% during the 4th quarter. KBC Group NV now owns 5,541 shares of the aerospace company’s stock worth $1,439,000 after acquiring an additional 1,304 shares in the last quarter. Prevatt Capital Ltd purchased a new position in Huntington Ingalls Industries during the 4th quarter valued at about $15,578,000. Finally, California State Teachers Retirement System grew its position in Huntington Ingalls Industries by 0.4% in the 4th quarter. California State Teachers Retirement System now owns 58,609 shares of the aerospace company’s stock valued at $15,217,000 after acquiring an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on HII shares. JPMorgan Chase & Co. raised their price objective on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. StockNews.com cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Finally, Citigroup began coverage on Huntington Ingalls Industries in a research report on Monday, May 20th. They set a “buy” rating and a $310.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of “Moderate Buy” and an average price target of $278.00.

Get Our Latest Stock Report on Huntington Ingalls Industries

Huntington Ingalls Industries Stock Down 0.5 %

Shares of Huntington Ingalls Industries stock opened at $247.94 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.54. Huntington Ingalls Industries, Inc. has a 52-week low of $199.11 and a 52-week high of $299.50. The company has a market capitalization of $9.78 billion, a P/E ratio of 13.98, a P/E/G ratio of 2.13 and a beta of 0.56. The company has a 50 day moving average of $262.93 and a 200 day moving average of $266.19.

Huntington Ingalls Industries (NYSE:HIIGet Free Report) last issued its earnings results on Thursday, May 2nd. The aerospace company reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.50 by $0.37. Huntington Ingalls Industries had a net margin of 6.09% and a return on equity of 18.08%. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the previous year, the firm posted $3.23 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. As a group, research analysts forecast that Huntington Ingalls Industries, Inc. will post 16.35 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.10%. The ex-dividend date is Friday, May 31st. Huntington Ingalls Industries’s payout ratio is 29.31%.

Insider Activity at Huntington Ingalls Industries

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

Huntington Ingalls Industries Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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