Natixis Advisors LLC Purchases 32,302 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Natixis Advisors LLC raised its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 82.4% in the third quarter, Holdings Channel reports. The fund owned 71,481 shares of the aerospace company’s stock after buying an additional 32,302 shares during the quarter. Natixis Advisors LLC’s holdings in Huntington Ingalls Industries were worth $18,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Huntington Ingalls Industries in the second quarter worth $26,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Huntington Ingalls Industries in the third quarter valued at $29,000. Evermay Wealth Management LLC acquired a new position in shares of Huntington Ingalls Industries in the first quarter valued at $31,000. Family Firm Inc. acquired a new position in shares of Huntington Ingalls Industries in the second quarter valued at $35,000. Finally, Rothschild Investment LLC bought a new stake in Huntington Ingalls Industries in the second quarter valued at $37,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Down 2.4 %

Shares of Huntington Ingalls Industries stock opened at $191.61 on Wednesday. The business’s 50 day simple moving average is $242.21 and its 200 day simple moving average is $252.70. Huntington Ingalls Industries, Inc. has a 52-week low of $184.29 and a 52-week high of $299.50. The firm has a market cap of $7.50 billion, a PE ratio of 10.82, a P/E/G ratio of 1.76 and a beta of 0.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period in the prior year, the business posted $3.70 EPS. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. On average, analysts predict that Huntington Ingalls Industries, Inc. will post 14.92 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.82%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date is Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 29.36%.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the transaction, the vice president now directly owns 19,627 shares in the company, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HII. Bank of America lowered their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 13th. Barclays decreased their target price on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $280.00 to $285.00 in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft decreased their target price on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, The Goldman Sachs Group decreased their target price on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Huntington Ingalls Industries has an average rating of “Hold” and an average target price of $228.89.

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.