ProShare Advisors LLC Increases Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

ProShare Advisors LLC boosted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,014 shares of the aerospace company’s stock after buying an additional 511 shares during the period. ProShare Advisors LLC’s holdings in Huntington Ingalls Industries were worth $2,081,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HII. D. E. Shaw & Co. Inc. raised its holdings in Huntington Ingalls Industries by 1,648.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 375,872 shares of the aerospace company’s stock valued at $71,029,000 after buying an additional 354,374 shares during the period. River Road Asset Management LLC purchased a new position in Huntington Ingalls Industries in the fourth quarter valued at approximately $65,215,000. Diamond Hill Capital Management Inc. raised its holdings in Huntington Ingalls Industries by 132.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company’s stock valued at $79,387,000 after buying an additional 239,688 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Huntington Ingalls Industries by 4,900.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 210,480 shares of the aerospace company’s stock valued at $39,774,000 after buying an additional 206,271 shares during the period. Finally, Earnest Partners LLC raised its holdings in Huntington Ingalls Industries by 32.6% in the fourth quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company’s stock valued at $157,216,000 after buying an additional 204,376 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Activity

In other news, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,884 shares of the company’s stock, valued at approximately $546,691.04. The trade was a 20.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of Huntington Ingalls Industries 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 completion of the transaction, the vice president now directly owns 9,581 shares of the company’s stock, valued at $2,221,929.71. This trade represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 4,010 shares of company stock valued at $899,510. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of HII stock opened at $228.08 on Wednesday. The firm has a market cap of $8.95 billion, a P/E ratio of 16.34, a P/E/G ratio of 1.15 and a beta of 0.31. 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, Inc. has a 1-year low of $158.88 and a 1-year high of $285.81. The firm has a fifty day moving average of $214.27 and a two-hundred day moving average of $198.39.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the business earned $3.87 EPS. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, May 30th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.90%.

Wall Street Analysts Forecast Growth

HII has been the topic of several research reports. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 price target on the stock in a report on Thursday, May 15th. The Goldman Sachs Group raised their price target 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. Finally, 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 research note on Monday, May 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $236.38.

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.