Mirae Asset Global Investments Co. Ltd. Sells 342 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Mirae Asset Global Investments Co. Ltd. trimmed its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 3.6% during the first quarter, Holdings Channel reports. The institutional investor owned 9,028 shares of the aerospace company’s stock after selling 342 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Huntington Ingalls Industries were worth $1,854,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of HII. Vanguard Group Inc. lifted its stake in shares of Huntington Ingalls Industries by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company’s stock valued at $950,391,000 after purchasing an additional 14,988 shares during the period. Geode Capital Management LLC lifted its stake in shares of Huntington Ingalls Industries by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company’s stock valued at $197,677,000 after purchasing an additional 29,670 shares during the period. Earnest Partners LLC lifted its stake in shares of Huntington Ingalls Industries by 32.6% in the 4th quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company’s stock valued at $157,216,000 after purchasing an additional 204,376 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Huntington Ingalls Industries by 15.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 578,488 shares of the aerospace company’s stock valued at $109,316,000 after purchasing an additional 77,718 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Huntington Ingalls Industries by 75,182.7% in the 1st quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company’s stock valued at $1,004,590,000 after purchasing an additional 491,695 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on HII shares. Alembic Global Advisors raised 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, May 15th. The Goldman Sachs Group increased their price target 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. Finally, Barclays increased their price target on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $236.38.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $252.22 on Friday. The company has a market capitalization of $9.90 billion, a PE ratio of 18.17, a PEG ratio of 1.57 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $285.81. The company has a current ratio of 1.07, a quick ratio of 0.99 and a debt-to-equity ratio of 0.57. The stock’s fifty day simple moving average is $230.64 and its 200 day simple moving average is $206.20.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, topping the consensus estimate of $2.90 by $0.89. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.80 billion. Huntington Ingalls Industries had a return on equity of 12.26% and a net margin of 4.76%. The firm’s revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.87 EPS. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Friday, May 30th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.90%.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 1,300 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total transaction of $301,483.00. Following the completion of the transaction, the vice president owned 9,581 shares in the company, valued at approximately $2,221,929.71. This represents a 11.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anastasi D. Kelly sold 1,960 shares of the stock in a transaction dated 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 owned 17,485 shares of the company’s stock, valued at approximately $4,066,661.30. This trade represents a 10.08% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,225 shares of company stock worth $1,207,207. Corporate insiders own 0.72% of the company’s stock.

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.