9,637 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Bought by Redwood Investment Management LLC

Redwood Investment Management LLC acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,637 shares of the aerospace company’s stock, valued at approximately $1,821,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of HII. Barclays PLC lifted its position in Huntington Ingalls Industries by 54.1% during the 3rd quarter. Barclays PLC now owns 137,004 shares of the aerospace company’s stock worth $36,221,000 after acquiring an additional 48,113 shares in the last quarter. Czech National Bank raised its stake in shares of Huntington Ingalls Industries by 6.2% during the fourth quarter. Czech National Bank now owns 8,484 shares of the aerospace company’s stock valued at $1,603,000 after purchasing an additional 496 shares during the period. Wedmont Private Capital lifted its position in shares of Huntington Ingalls Industries by 7.0% during the fourth quarter. Wedmont Private Capital now owns 1,962 shares of the aerospace company’s stock worth $373,000 after purchasing an additional 129 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Huntington Ingalls Industries by 19.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,090 shares of the aerospace company’s stock worth $773,000 after purchasing an additional 674 shares in the last quarter. Finally, Carnegie Investment Counsel boosted its stake in shares of Huntington Ingalls Industries by 10.2% in the fourth quarter. Carnegie Investment Counsel now owns 4,010 shares of the aerospace company’s stock valued at $758,000 after purchasing an additional 371 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

HII has been the topic of several analyst reports. Barclays lifted their price target on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. Alembic Global Advisors raised Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 target price on the stock in a research report on Thursday. Finally, The Goldman Sachs Group boosted their price target on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $244.56.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total value of $455,856.80. Following the completion of the transaction, the director now directly owns 17,485 shares in the company, valued at $4,066,661.30. The trade was a 10.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Nicolas G. Schuck sold 750 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,010 shares of company stock valued at $899,510. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $228.05 on Friday. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 1.15 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $285.81. The company’s 50-day simple moving average is $212.17 and its 200-day simple moving average is $198.34. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08.

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

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $1.35 per share. The ex-dividend date is Friday, May 30th. This represents a $5.40 annualized dividend and a yield of 2.37%. Huntington Ingalls Industries’s payout ratio is 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.