Huntington Ingalls Industries, Inc. (NYSE:HII) Stake Lifted by Natixis Advisors LLC

Natixis Advisors LLC grew its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 82.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,481 shares of the aerospace company's stock after buying an additional 32,302 shares during the quarter. Natixis Advisors LLC owned 0.18% of Huntington Ingalls Industries worth $18,898,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Van ECK Associates Corp boosted its stake in shares of Huntington Ingalls Industries by 94.5% during the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company's stock valued at $455,222,000 after acquiring an additional 863,800 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Huntington Ingalls Industries by 41.6% during the 2nd quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company's stock worth $180,458,000 after purchasing an additional 215,362 shares during the last quarter. Earnest Partners LLC boosted its stake in shares of Huntington Ingalls Industries by 1.9% during the 2nd quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company's stock worth $157,326,000 after purchasing an additional 11,693 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Huntington Ingalls Industries by 8.5% during the second quarter. Bank of New York Mellon Corp now owns 521,426 shares of the aerospace company's stock worth $128,443,000 after buying an additional 40,942 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Huntington Ingalls Industries by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 502,442 shares of the aerospace company's stock valued at $123,771,000 after buying an additional 13,439 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on HII shares. TD Cowen cut Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price target for the company. in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating for the company in a research report on Friday, November 1st. Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and set a $210.00 price target on the stock. in a report on Friday, November 1st. JPMorgan Chase & Co. downgraded Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and upped their price objective for the stock from $280.00 to $285.00 in a report on Monday, September 9th. Finally, Wolfe Research cut Huntington Ingalls Industries from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Huntington Ingalls Industries presently has an average rating of "Hold" and a consensus target price of $228.89.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the sale, the vice president now owns 19,627 shares of the company's stock, valued at $4,028,245.48. The trade was a 2.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is currently owned by insiders.

Huntington Ingalls Industries Stock Performance

NYSE HII traded down $1.95 during trading hours on Wednesday, reaching $189.66. The company's stock had a trading volume of 152,063 shares, compared to its average volume of 336,408. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. The business has a 50-day simple moving average of $242.21 and a 200 day simple moving average of $252.70. Huntington Ingalls Industries, Inc. has a 52 week low of $184.29 and a 52 week high of $299.50. The stock has a market cap of $7.42 billion, a PE ratio of 10.71, a PEG ratio of 1.76 and a beta of 0.55.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings data 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 company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the prior year, the firm earned $3.70 EPS. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. Equities research 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Friday, November 29th. This is a boost from Huntington Ingalls Industries's previous quarterly dividend of $1.30. Huntington Ingalls Industries's dividend payout ratio (DPR) is 29.36%.

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.