Mirae Asset Global Investments Co. Ltd. Takes $2.71 Million Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,433 shares of the aerospace company’s stock, valued at approximately $2,709,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in HII. HighTower Advisors LLC grew its position in shares of Huntington Ingalls Industries by 1.2% in the first quarter. HighTower Advisors LLC now owns 7,072 shares of the aerospace company’s stock valued at $1,403,000 after purchasing an additional 87 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of Huntington Ingalls Industries by 27.5% in the first quarter. D.A. Davidson & CO. now owns 1,467 shares of the aerospace company’s stock valued at $293,000 after buying an additional 316 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Huntington Ingalls Industries in the first quarter valued at about $60,000. MetLife Investment Management LLC lifted its stake in shares of Huntington Ingalls Industries by 23.0% in the first quarter. MetLife Investment Management LLC now owns 10,885 shares of the aerospace company’s stock valued at $2,171,000 after buying an additional 2,035 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Huntington Ingalls Industries by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,360 shares of the aerospace company’s stock valued at $1,069,000 after buying an additional 332 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Down 0.9 %

Shares of HII opened at $268.81 on Friday. The stock has a market cap of $10.65 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 2.58 and a beta of 0.60. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 0.54. Huntington Ingalls Industries, Inc. has a 12 month low of $188.51 and a 12 month high of $299.50. The company has a 50-day moving average price of $285.96 and a two-hundred day moving average price of $256.86.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, February 1st. The aerospace company reported $6.90 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $2.63. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $2.78 billion. Huntington Ingalls Industries had a net margin of 5.95% and a return on equity of 18.12%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.07 earnings per share. Equities analysts predict that Huntington Ingalls Industries, Inc. will post 16.36 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Thursday, February 22nd. Huntington Ingalls Industries’s dividend payout ratio is 30.41%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HII shares. Barclays increased 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 note on Tuesday, February 6th. JPMorgan Chase & Co. increased their target price on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 900 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $263.69, for a total transaction of $237,321.00. Following the completion of the transaction, the vice president now owns 19,100 shares in the company, valued at $5,036,479. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP D R. Wyatt sold 900 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $263.69, for a total value of $237,321.00. Following the completion of the transaction, the vice president now owns 19,100 shares in the company, valued at $5,036,479. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Nicolas G. Schuck sold 1,293 shares of Huntington Ingalls Industries stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $291.28, for a total transaction 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 approximately $655,380. The disclosure for this sale can be found here. Insiders sold a total of 8,472 shares of company stock worth $2,398,345 over the last quarter. Company 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.