Syon Capital LLC Makes New $289,000 Investment in Huntington Ingalls Industries, Inc. (NYSE:HII)

Syon Capital LLC purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,529 shares of the aerospace company's stock, valued at approximately $289,000.

A number of other institutional investors have also recently added to or reduced their stakes in HII. MGO One Seven LLC acquired a new stake in Huntington Ingalls Industries in the fourth quarter valued at $210,000. Trajan Wealth LLC grew its position in shares of Huntington Ingalls Industries by 22.0% during the fourth quarter. Trajan Wealth LLC now owns 1,120 shares of the aerospace company's stock worth $212,000 after acquiring an additional 202 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of Huntington Ingalls Industries by 1.5% during the fourth quarter. MetLife Investment Management LLC now owns 10,351 shares of the aerospace company's stock worth $1,956,000 after buying an additional 149 shares during the period. Natixis bought a new position in shares of Huntington Ingalls Industries in the fourth quarter worth $1,984,000. Finally, Norinchukin Bank The boosted its holdings in shares of Huntington Ingalls Industries by 8.3% in the fourth quarter. Norinchukin Bank The now owns 1,752 shares of the aerospace company's stock valued at $331,000 after acquiring an additional 135 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Performance

Shares of HII stock traded up $2.10 during trading hours on Tuesday, reaching $230.45. 503,789 shares of the company's stock were exchanged, compared to its average volume of 520,528. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $285.81. The business has a fifty day moving average price of $199.29 and a 200-day moving average price of $200.10. The stock has a market capitalization of $9.04 billion, a P/E ratio of 16.51, a P/E/G ratio of 1.15 and a beta of 0.34.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share 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%. Analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries's dividend payout ratio is 38.68%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HII shares. The Goldman Sachs Group upgraded shares of Huntington Ingalls Industries from a "sell" rating to a "buy" rating and raised their price objective for the company from $145.00 to $234.00 in a research report on Friday, April 11th. Barclays dropped their price target on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Huntington Ingalls Industries has a consensus rating of "Hold" and an average target price of $231.11.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein bought 2,120 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were bought at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the acquisition, the director now owns 7,967 shares of the company's stock, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of the firm's stock in a transaction on 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 sale, the chief accounting officer now owns 2,884 shares of the company's stock, valued at approximately $546,691.04. This trade represents a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

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.