MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 24,065 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 27.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,471 shares of the aerospace company’s stock after acquiring an additional 24,065 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Huntington Ingalls Industries were worth $21,065,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in HII. Generali Asset Management SPA SGR bought a new stake in Huntington Ingalls Industries in the 4th quarter worth approximately $2,056,000. Assetmark Inc. grew its position in Huntington Ingalls Industries by 2,154.9% in the 4th quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company’s stock worth $1,474,000 after purchasing an additional 7,456 shares during the period. Northcape Wealth Management LLC bought a new stake in Huntington Ingalls Industries in the 4th quarter worth approximately $3,642,000. O Keefe Stevens Advisory Inc. grew its position in Huntington Ingalls Industries by 63.0% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company’s stock worth $655,000 after purchasing an additional 1,339 shares during the period. Finally, Essential Planning LLC. bought a new stake in Huntington Ingalls Industries in the 4th quarter worth approximately $2,457,000. Institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In other Huntington Ingalls Industries news, Director Anastasi D. Kelly sold 1,960 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total transaction of $455,856.80. Following the completion of the transaction, the director now owns 17,485 shares of the company’s stock, valued at $4,066,661.30. This represents a 10.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the transaction, the chief accounting officer now directly owns 2,884 shares of the company’s stock, valued at $546,691.04. This trade represents a 20.64% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,010 shares of company stock valued at $899,510. Company insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HII shares. Barclays lifted their target price on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. The Goldman Sachs Group lifted their target price on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Huntington Ingalls Industries has a consensus rating of “Hold” and a consensus price target of $238.44.

Huntington Ingalls Industries Trading Down 1.4%

Shares of HII stock opened at $222.59 on Thursday. 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 1 year low of $158.88 and a 1 year high of $285.81. The firm has a fifty day moving average price of $211.56 and a 200-day moving average price of $198.53. The company has a market cap of $8.73 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.15 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.89. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.80 billion. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. Huntington Ingalls Industries’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.87 EPS. As a group, equities analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.43%. The ex-dividend date is Friday, May 30th. Huntington Ingalls Industries’s dividend payout ratio is currently 38.90%.

About Huntington Ingalls Industries

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.