4,824 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd bought a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,824 shares of the aerospace company’s stock, valued at approximately $1,406,000.

Several other institutional investors have also added to or reduced their stakes in HII. First Trust Direct Indexing L.P. purchased a new stake in shares of Huntington Ingalls Industries in the 1st quarter worth $210,000. Norden Group LLC bought a new stake in Huntington Ingalls Industries during the first quarter valued at about $600,000. Valley National Advisers Inc. increased its position in Huntington Ingalls Industries by 123.7% in the first quarter. Valley National Advisers Inc. now owns 9,433 shares of the aerospace company’s stock worth $2,748,000 after buying an additional 5,217 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Huntington Ingalls Industries in the first quarter worth about $370,000. Finally, Cullinan Associates Inc. purchased a new position in shares of Huntington Ingalls Industries during the 1st quarter valued at about $583,000. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII traded up $0.99 during mid-day trading on Friday, reaching $276.97. The company’s stock had a trading volume of 259,166 shares, compared to its average volume of 314,788. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.95 and a quick ratio of 0.89. Huntington Ingalls Industries, Inc. has a 52 week low of $188.51 and a 52 week high of $299.50. The stock has a fifty day moving average of $285.45 and a two-hundred day moving average of $260.34. The firm has a market capitalization of $10.97 billion, a PE ratio of 16.20, a P/E/G ratio of 2.61 and a beta of 0.60.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, February 1st. The aerospace company reported $6.90 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $2.63. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the previous year, the firm earned $3.07 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.34 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were paid a dividend of $1.30 per share. The ex-dividend date was Thursday, February 22nd. This represents a $5.20 annualized dividend and a yield of 1.88%. Huntington Ingalls Industries’s payout ratio is 30.41%.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 900 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $263.69, for a total value of $237,321.00. Following the sale, the vice president now directly owns 19,100 shares in the company, valued at $5,036,479. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, VP D R. Wyatt sold 900 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $263.69, for a total transaction of $237,321.00. Following the sale, the vice president now owns 19,100 shares of the company’s stock, valued at $5,036,479. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Edgar A. Green III sold 3,603 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $290.75, for a total transaction of $1,047,572.25. Following the transaction, the vice president now owns 7,461 shares of the company’s stock, valued at approximately $2,169,285.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,472 shares of company stock worth $2,398,345. Insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Barclays increased their target price on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. 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 report on Thursday, March 21st.

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.