Natixis Advisors LLC Grows Stock Position in Huntington Ingalls Industries, Inc. $HII

Natixis Advisors LLC boosted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 7.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 192,340 shares of the aerospace company’s stock after acquiring an additional 13,178 shares during the period. Natixis Advisors LLC’s holdings in Huntington Ingalls Industries were worth $55,378,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. CYBER HORNET ETFs LLC purchased a new stake in Huntington Ingalls Industries in the second quarter valued at $25,000. Rakuten Securities Inc. increased its position in shares of Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 63 shares during the last quarter. Anchor Investment Management LLC increased its position in shares of Huntington Ingalls Industries by 400.0% during the 2nd quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 100 shares during the last quarter. Versant Capital Management Inc raised its holdings in Huntington Ingalls Industries by 120.0% in the 3rd quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock valued at $32,000 after buying an additional 60 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in Huntington Ingalls Industries by 363.3% in the second quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock valued at $33,000 after buying an additional 109 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Trading Up 0.1%

HII opened at $429.70 on Tuesday. The business has a fifty day moving average price of $410.53 and a 200 day moving average price of $338.33. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.13 and a quick ratio of 1.06. Huntington Ingalls Industries, Inc. has a 12 month low of $177.42 and a 12 month high of $460.00. The stock has a market capitalization of $16.86 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 1.75 and a beta of 0.32.

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

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 1.3%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 35.91%.

Wall Street Analysts Forecast Growth

HII has been the subject of several research analyst reports. The Goldman Sachs Group increased their target price on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Citigroup upped their price objective on shares of Huntington Ingalls Industries from $450.00 to $465.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Melius Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $421.00 target price on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. Finally, Wall Street Zen lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $384.13.

Insider Activity at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 4,400 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $422.45, for a total value of $1,858,780.00. Following the completion of the transaction, the vice president owned 20,360 shares in the company, valued at $8,601,082. The trade was a 17.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric D. Chewning sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total transaction of $736,848.00. Following the transaction, the executive vice president owned 1,949 shares of the company’s stock, valued at $844,774.56. This trade represents a 46.59% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.86% of the stock is owned by company insiders.

About Huntington Ingalls Industries

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.