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

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 27.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,471 shares of the aerospace company’s stock after buying an additional 24,065 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.28% of Huntington Ingalls Industries worth $21,065,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HII. EverSource Wealth Advisors LLC increased its holdings in Huntington Ingalls Industries by 503.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 131 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new position in shares of Huntington Ingalls Industries in the 4th quarter worth approximately $48,000. Canada Post Corp Registered Pension Plan purchased a new position in shares of Huntington Ingalls Industries in the 4th quarter worth approximately $70,000. SRS Capital Advisors Inc. lifted its stake in Huntington Ingalls Industries by 156.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company’s stock valued at $91,000 after purchasing an additional 294 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in Huntington Ingalls Industries by 37.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company’s stock valued at $101,000 after purchasing an additional 145 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Trading Down 1.4%

NYSE:HII opened at $222.59 on Thursday. The company has a market cap of $8.73 billion, a P/E ratio of 15.94, a P/E/G ratio of 1.15 and a beta of 0.31. The stock’s fifty day moving average price is $211.56 and its two-hundred day moving average price is $198.53. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $285.81. 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 (NYSE:HII) last released its quarterly 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 firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.87 earnings per share. As a group, analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

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

Wall Street Analyst Weigh In

HII has been the topic of several research analyst reports. The Goldman Sachs Group upped their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Barclays increased their target price on 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $238.44.

Insider Activity at Huntington Ingalls Industries

In related news, Director Anastasi D. Kelly sold 1,960 shares of the stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total value of $301,483.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 4,010 shares of company stock valued at $899,510 over the last 90 days. 0.72% of the stock is owned by insiders.

Huntington Ingalls Industries Profile

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.