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

Redwood Investment Management LLC bought a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 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 added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in shares of 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. acquired a new stake in Huntington Ingalls Industries during the 4th quarter valued at $48,000. Canada Post Corp Registered Pension Plan purchased a new position in Huntington Ingalls Industries during the fourth quarter worth $70,000. SRS Capital Advisors Inc. raised its holdings in shares of Huntington Ingalls Industries by 156.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company’s stock worth $91,000 after acquiring an additional 294 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in shares of 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 acquiring an additional 145 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Transactions at Huntington Ingalls Industries

In related news, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries 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 in the company, valued at approximately $4,066,661.30. This trade represents a 10.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The stock was 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 owns 9,581 shares in the company, valued at approximately $2,221,929.71. This trade represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,010 shares of company stock worth $899,510 in the last ninety days. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Up 2.2%

HII opened at $228.05 on Friday. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $285.81. The business has a 50-day moving average of $212.17 and a two-hundred day moving average of $198.34. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 1.15 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the previous year, the firm earned $3.87 earnings per share. Huntington Ingalls Industries’s revenue was down 2.5% compared to the same quarter last year. On average, research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.40 annualized dividend and a dividend yield of 2.37%. Huntington Ingalls Industries’s dividend payout ratio is presently 38.90%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays lifted their price objective 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. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 price target on the stock in a research note on Thursday. Finally, The Goldman Sachs Group boosted their price objective on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $244.56.

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.