Los Angeles Capital Management LLC Purchases New Shares in Huntington Ingalls Industries, Inc. (NYSE:HII)

Los Angeles Capital Management LLC acquired a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,241 shares of the aerospace company’s stock, valued at approximately $4,217,000.

Other hedge funds have also modified their holdings of the company. Quantbot Technologies LP purchased a new position in Huntington Ingalls Industries during the third quarter worth approximately $25,000. Cranbrook Wealth Management LLC purchased a new position in shares of Huntington Ingalls Industries during the 4th quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Huntington Ingalls Industries in the 4th quarter valued at $30,000. Level Financial Advisors Inc. purchased a new stake in Huntington Ingalls Industries in the 4th quarter worth $43,000. Finally, Headlands Technologies LLC raised its position in Huntington Ingalls Industries by 30.1% during the third quarter. Headlands Technologies LLC now owns 225 shares of the aerospace company’s stock worth $46,000 after acquiring an additional 52 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on HII shares. Barclays lifted their target price on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. StockNews.com cut Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. increased their target price on Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a report on Thursday, March 21st.

Insiders Place Their Bets

In other news, VP Jennifer R. Boykin sold 2,176 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $272.31, for a total transaction of $592,546.56. Following the transaction, the vice president now owns 6,877 shares of the company’s stock, valued at approximately $1,872,675.87. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, VP Jennifer R. Boykin sold 2,176 shares of Huntington Ingalls Industries stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $272.31, for a total transaction of $592,546.56. Following the sale, the vice president now owns 6,877 shares of the company’s stock, valued at approximately $1,872,675.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Nicolas G. Schuck sold 1,293 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $291.28, for a total value of $376,625.04. Following the completion of the transaction, the chief accounting officer now owns 2,250 shares of the company’s stock, valued at $655,380. The disclosure for this sale can be found here. Insiders sold 7,572 shares of company stock valued at $2,161,024 in the last three months. 0.72% of the stock is currently owned by insiders.

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $246.23 on Monday. The company has a market cap of $9.71 billion, a P/E ratio of 13.88, a P/E/G ratio of 2.32 and a beta of 0.60. Huntington Ingalls Industries, Inc. has a twelve month low of $188.51 and a twelve month high of $299.50. The company’s 50-day moving average price is $283.26 and its 200-day moving average price is $261.81. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.50 by $0.37. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. Huntington Ingalls Industries had a net margin of 6.09% and a return on equity of 18.08%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $3.23 EPS. On average, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.11%. The ex-dividend date is Friday, May 31st. Huntington Ingalls Industries’s payout ratio is currently 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.