2,198 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Bought by Quest Partners LLC

Quest Partners LLC bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,198 shares of the aerospace company’s stock, valued at approximately $571,000.

Other hedge funds have also bought and sold shares of the company. Valley National Advisers Inc. bought a new stake in Huntington Ingalls Industries in the fourth quarter valued at $1,094,000. Raymond James & Associates increased its stake in Huntington Ingalls Industries by 22.9% in the fourth quarter. Raymond James & Associates now owns 56,596 shares of the aerospace company’s stock valued at $14,695,000 after purchasing an additional 10,539 shares in the last quarter. Ceredex Value Advisors LLC bought a new stake in Huntington Ingalls Industries in the fourth quarter valued at $9,360,000. Los Angeles Capital Management LLC bought a new stake in Huntington Ingalls Industries in the fourth quarter valued at $4,217,000. Finally, Aviva PLC increased its stake in Huntington Ingalls Industries by 1.9% in the third quarter. Aviva PLC now owns 54,141 shares of the aerospace company’s stock valued at $11,076,000 after purchasing an additional 992 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In related news, VP Edmond E. Jr. Hughes sold 1,500 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $256.07, for a total transaction of $384,105.00. Following the transaction, the vice president now directly owns 8,135 shares in the company, valued at $2,083,129.45. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP Edmond E. Jr. Hughes sold 1,500 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $256.07, for a total transaction of $384,105.00. Following the completion of the transaction, the vice president now directly owns 8,135 shares of the company’s stock, valued at approximately $2,083,129.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Nicolas G. Schuck sold 1,293 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $291.28, for a total transaction of $376,625.04. Following the transaction, the chief accounting officer now directly owns 2,250 shares of the company’s stock, valued at $655,380. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,439 shares of company stock worth $2,071,170. 0.72% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on HII. Citigroup began coverage on shares of Huntington Ingalls Industries in a research note on Monday. They issued a “buy” rating and a $310.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Barclays lifted their price objective on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Finally, StockNews.com cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $278.00.

Huntington Ingalls Industries Stock Up 0.3 %

Huntington Ingalls Industries stock opened at $254.62 on Thursday. Huntington Ingalls Industries, Inc. has a fifty-two week low of $194.52 and a fifty-two week high of $299.50. The stock has a market cap of $10.04 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 2.17 and a beta of 0.60. The firm’s 50-day simple moving average is $273.03 and its 200 day simple moving average is $264.42. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.89 and a current ratio of 0.96.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.50 by $0.37. Huntington Ingalls Industries had a net margin of 6.09% and a return on equity of 18.08%. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the previous year, the company earned $3.23 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Research analysts predict that Huntington Ingalls Industries, Inc. will post 16.35 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.04%. The ex-dividend date is Friday, May 31st. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.31%.

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.