Mufg Securities Americas Inc. Acquires New Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Mufg Securities Americas Inc. purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 578 shares of the aerospace company’s stock, valued at approximately $109,000.

Several other hedge funds have also made changes to their positions in HII. Barclays PLC grew its stake in shares of Huntington Ingalls Industries by 54.1% in the 3rd quarter. Barclays PLC now owns 137,004 shares of the aerospace company’s stock valued at $36,221,000 after buying an additional 48,113 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in shares of Huntington Ingalls Industries by 19.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,090 shares of the aerospace company’s stock valued at $773,000 after buying an additional 674 shares during the period. Carnegie Investment Counsel grew its stake in shares of Huntington Ingalls Industries by 10.2% in the 4th quarter. Carnegie Investment Counsel now owns 4,010 shares of the aerospace company’s stock valued at $758,000 after buying an additional 371 shares during the period. O Keefe Stevens Advisory Inc. grew its stake in shares of 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 valued at $655,000 after buying an additional 1,339 shares during the period. Finally, Ameritas Advisory Services LLC grew its stake in shares of Huntington Ingalls Industries by 63.2% in the 4th quarter. Ameritas Advisory Services LLC now owns 13,450 shares of the aerospace company’s stock valued at $2,542,000 after buying an additional 5,210 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, Director Anastasi D. Kelly sold 1,960 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total transaction of $455,856.80. Following the sale, the director now directly owns 17,485 shares in the company, valued at $4,066,661.30. This represents a 10.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total transaction of $301,483.00. Following the completion of the sale, the vice president now directly owns 9,581 shares in the company, valued at approximately $2,221,929.71. This represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,010 shares of company stock worth $899,510 in the last ninety days. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $229.99 on Friday. The firm’s 50 day moving average price is $212.88 and its 200-day moving average price is $197.81. 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, Inc. has a one year low of $158.88 and a one year high of $285.81. The firm has a market cap of $9.02 billion, a P/E ratio of 16.47, a P/E/G ratio of 1.15 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, topping the consensus estimate of $2.90 by $0.89. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.80 billion. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.87 EPS. As a group, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current 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 issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a yield of 2.35%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.90%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Barclays increased their price target on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 price target for the company in a research note on Thursday. Finally, The Goldman Sachs Group upped their price objective on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $244.56.

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.