Aigen Investment Management LP Invests $754,000 in Huntington Ingalls Industries, Inc. (NYSE:HII)

Aigen Investment Management LP purchased a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,988 shares of the aerospace company’s stock, valued at approximately $754,000.

A number of other hedge funds have also modified their holdings of the stock. Proficio Capital Partners LLC acquired a new position in shares of Huntington Ingalls Industries in the fourth quarter worth $11,249,000. Assetmark Inc. increased 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 acquiring an additional 7,456 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Huntington Ingalls Industries by 1.8% in the fourth quarter. Victory Capital Management Inc. now owns 30,290 shares of the aerospace company’s stock worth $5,724,000 after acquiring an additional 542 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Huntington Ingalls Industries by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 362,396 shares of the aerospace company’s stock worth $68,482,000 after acquiring an additional 6,080 shares during the last quarter. Finally, State of Michigan Retirement System increased its stake in shares of Huntington Ingalls Industries by 3.4% in the fourth quarter. State of Michigan Retirement System now owns 12,190 shares of the aerospace company’s stock worth $2,304,000 after acquiring an additional 400 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Up 0.1 %

HII stock opened at $193.76 on Friday. 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 52-week low of $158.88 and a 52-week high of $294.81. The company has a 50-day moving average of $185.42 and a two-hundred day moving average of $217.34. The stock has a market capitalization of $7.58 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 1.15 and a beta of 0.57.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 38.68%.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, Director Thomas C. Schievelbein bought 2,120 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the purchase, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. This represents a 36.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on HII shares. Barclays lowered their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Bank of America lowered their target price on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group lowered their target price on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average 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.