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

Mufg Securities Americas Inc. purchased a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 578 shares of the aerospace company’s stock, valued at approximately $109,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of Huntington Ingalls Industries by 503.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 131 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new stake in shares of Huntington Ingalls Industries during the fourth quarter valued at approximately $48,000. Canada Post Corp Registered Pension Plan bought a new stake in shares of Huntington Ingalls Industries during the fourth quarter valued at approximately $70,000. SRS Capital Advisors Inc. increased its holdings in Huntington Ingalls Industries by 156.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company’s stock valued at $91,000 after buying an additional 294 shares during the period. Finally, Exchange Traded Concepts LLC increased its holdings in Huntington Ingalls Industries by 37.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company’s stock valued at $101,000 after buying an additional 145 shares during the period. Institutional investors 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 the company’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total transaction of $455,856.80. Following the completion of the sale, the director now owns 17,485 shares of the company’s stock, valued at approximately $4,066,661.30. This represents a 10.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the company’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total transaction of $301,483.00. Following the sale, the vice president now directly owns 9,581 shares of the company’s stock, 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 sold 4,010 shares of company stock valued at $899,510 over the last 90 days. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Huntington Ingalls Industries Trading Up 0.8%

NYSE HII opened at $229.99 on Friday. The company has a market capitalization of $9.02 billion, a PE ratio of 16.47, a P/E/G ratio of 1.15 and a beta of 0.31. The company has a fifty day moving average of $212.88 and a 200 day moving average of $197.81. 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 posted 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. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.80 billion. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.87 earnings per share. Research analysts forecast 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 announced 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 dividend on an annualized basis and a dividend yield of 2.35%. Huntington Ingalls Industries’s dividend payout ratio is currently 38.90%.

Huntington Ingalls Industries Company 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.