Gateway Investment Advisers LLC Acquires 1,725 Shares of Huntington Ingalls Industries, Inc. $HII

Gateway Investment Advisers LLC increased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 145.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,908 shares of the aerospace company’s stock after purchasing an additional 1,725 shares during the period. Gateway Investment Advisers LLC’s holdings in Huntington Ingalls Industries were worth $989,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. lifted its stake in Huntington Ingalls Industries by 40.1% in the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 59 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Huntington Ingalls Industries by 329.4% in the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the aerospace company’s stock worth $88,000 after buying an additional 280 shares during the period. Marshall Wace LLP lifted its stake in shares of Huntington Ingalls Industries by 432.1% in the 2nd quarter. Marshall Wace LLP now owns 38,144 shares of the aerospace company’s stock valued at $9,210,000 after acquiring an additional 30,975 shares during the last quarter. Cresset Asset Management LLC lifted its stake in shares of Huntington Ingalls Industries by 23.0% in the 2nd quarter. Cresset Asset Management LLC now owns 1,575 shares of the aerospace company’s stock valued at $381,000 after acquiring an additional 294 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in Huntington Ingalls Industries during the 2nd quarter valued at about $398,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Up 0.4%

HII opened at $316.06 on Friday. Huntington Ingalls Industries, Inc. has a one year low of $215.04 and a one year high of $460.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.06. The business has a 50 day simple moving average of $397.33 and a two-hundred day simple moving average of $370.43. The firm has a market capitalization of $12.45 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 1.34 and a beta of 0.29.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.09. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the company earned $3.79 EPS. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. Analysts predict that Huntington Ingalls Industries, Inc. will post 17.33 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be issued a $1.38 dividend. The ex-dividend date is Friday, May 29th. This represents a $5.52 annualized dividend and a yield of 1.7%. Huntington Ingalls Industries’s payout ratio is 35.91%.

Insiders Place Their Bets

In other news, VP Chad N. Boudreaux sold 4,400 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $422.45, for a total value of $1,858,780.00. Following the completion of the sale, the vice president directly owned 20,360 shares of the company’s stock, valued at approximately $8,601,082. This trade represents a 17.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Eric D. Chewning sold 1,700 shares of Huntington Ingalls Industries stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $433.44, for a total transaction of $736,848.00. Following the sale, the executive vice president directly owned 1,949 shares in the company, valued at $844,774.56. The trade was a 46.59% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HII has been the topic of several recent research reports. The Goldman Sachs Group raised their price target on Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. TD Cowen increased their price objective on Huntington Ingalls Industries from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Sanford C. Bernstein restated a “market perform” rating and issued a $421.00 target price on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. Citigroup lowered their price target on shares of Huntington Ingalls Industries from $465.00 to $441.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Finally, Wells Fargo & Company initiated coverage on shares of Huntington Ingalls Industries in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price target for the company. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $383.22.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.