19,129 Shares in Huntington Ingalls Industries Inc (HII) Acquired by Stevens Capital Management LP

Stevens Capital Management LP purchased a new position in Huntington Ingalls Industries Inc (NYSE:HII) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 19,129 shares of the aerospace company’s stock, valued at approximately $3,830,000.

Several other hedge funds also recently modified their holdings of HII. Huntington National Bank raised its stake in shares of Huntington Ingalls Industries by 112.9% in the first quarter. Huntington National Bank now owns 511 shares of the aerospace company’s stock worth $102,000 after buying an additional 271 shares in the last quarter. Israel Discount Bank of New York GFN bought a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth $106,000. Toronto Dominion Bank raised its stake in shares of Huntington Ingalls Industries by 30.6% in the first quarter. Toronto Dominion Bank now owns 529 shares of the aerospace company’s stock worth $106,000 after buying an additional 124 shares in the last quarter. Van ECK Associates Corp bought a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth $117,000. Finally, Fuller & Thaler Asset Management Inc. raised its stake in shares of Huntington Ingalls Industries by 33.3% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 800 shares of the aerospace company’s stock worth $123,000 after buying an additional 200 shares in the last quarter. 88.59% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

Huntington Ingalls Industries Inc (NYSE:HII) traded up 2.71% during mid-day trading on Friday, reaching $195.49. 425,810 shares of the company traded hands. Huntington Ingalls Industries Inc has a one year low of $146.52 and a one year high of $220.68. The stock’s 50-day moving average price is $199.36 and its 200-day moving average price is $193.74. The firm has a market cap of $9.00 billion, a PE ratio of 16.52 and a beta of 1.11.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, May 4th. The aerospace company reported $2.56 earnings per share for the quarter, missing the consensus estimate of $2.72 by $0.16. Huntington Ingalls Industries had a return on equity of 29.26% and a net margin of 6.04%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the business earned $2.38 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. Analysts forecast that Huntington Ingalls Industries Inc will post $11.15 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Friday, May 26th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.26%. The ex-dividend date is Wednesday, May 24th. Huntington Ingalls Industries’s payout ratio is 26.67%.

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A number of analysts have recently weighed in on the stock. Credit Suisse Group AG reduced their price target on shares of Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating for the company in a research note on Friday, May 5th. Barclays PLC reaffirmed a “sell” rating and issued a $179.00 price target on shares of Huntington Ingalls Industries in a research note on Friday, January 20th. Zacks Investment Research lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 8th. Stifel Nicolaus upped their price target on shares of Huntington Ingalls Industries from $135.00 to $150.00 and gave the stock a “sell” rating in a research note on Friday, February 17th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $210.00 price target on shares of Huntington Ingalls Industries in a research note on Thursday, May 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Huntington Ingalls Industries has a consensus rating of “Hold” and an average target price of $196.71.

In other news, VP William R. Ermatinger sold 5,000 shares of Huntington Ingalls Industries stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $218.92, for a total value of $1,094,600.00. Following the sale, the vice president now directly owns 35,370 shares in the company, valued at $7,743,200.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP D R. Wyatt sold 500 shares of Huntington Ingalls Industries stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $217.93, for a total transaction of $108,965.00. Following the completion of the sale, the vice president now owns 21,590 shares in the company, valued at $4,705,108.70. The disclosure for this sale can be found here. Insiders have sold a total of 26,675 shares of company stock worth $5,387,544 in the last three months. 2.76% of the stock is owned by insiders.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.

5 Day Chart for NYSE:HII

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