Mirae Asset Global Investments Co. Ltd. Increases Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Mirae Asset Global Investments Co. Ltd. lifted its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 221.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,370 shares of the aerospace company's stock after purchasing an additional 6,457 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Huntington Ingalls Industries were worth $1,784,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp grew its position in Huntington Ingalls Industries by 94.5% during the 3rd quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company's stock worth $455,222,000 after acquiring an additional 863,800 shares during the last quarter. FMR LLC grew its position in Huntington Ingalls Industries by 5.6% during the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company's stock worth $930,383,000 after acquiring an additional 187,411 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new position in Huntington Ingalls Industries during the 3rd quarter worth approximately $47,698,000. JPMorgan Chase & Co. grew its position in Huntington Ingalls Industries by 45.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company's stock worth $80,886,000 after acquiring an additional 95,324 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Huntington Ingalls Industries by 36.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 323,829 shares of the aerospace company's stock worth $85,614,000 after acquiring an additional 85,698 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Thomas C. Schievelbein acquired 2,120 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average price of $164.82 per share, with a total value of $349,418.40. Following the completion of the acquisition, the director now directly owns 7,967 shares of the company's stock, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Stock Up 0.4 %

Shares of HII stock traded up $0.68 during mid-day trading on Friday, hitting $161.50. The company's stock had a trading volume of 847,960 shares, compared to its average volume of 612,433. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $299.50. The business has a 50-day moving average price of $190.18 and a 200 day moving average price of $225.86. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.73 and a current ratio of 1.08. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 1.43 and a beta of 0.57.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. Research analysts predict that Huntington Ingalls Industries, Inc. will post 15.14 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries's payout ratio is currently 38.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Alembic Global Advisors lowered Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and set a $210.00 price objective on the stock. in a research report on Friday, November 1st. The Goldman Sachs Group cut their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating on the stock in a research report on Monday. TD Cowen lowered Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price objective on the stock. in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their price objective on Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. Finally, Bank of America cut their price objective 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of "Hold" and an average target price of $221.22.

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.