Gateway Investment Advisers LLC Purchases 1,725 Shares of Huntington Ingalls Industries, Inc. $HII

Gateway Investment Advisers LLC increased its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 145.8% in the fourth quarter, HoldingsChannel reports. The firm owned 2,908 shares of the aerospace company’s stock after purchasing an additional 1,725 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Huntington Ingalls Industries were worth $989,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. CYBER HORNET ETFs LLC purchased a new stake in Huntington Ingalls Industries in the second quarter worth $25,000. Rakuten Securities Inc. lifted its position in Huntington Ingalls Industries by 140.0% during the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after buying an additional 63 shares during the period. NBC Securities Inc. boosted its holdings in shares of Huntington Ingalls Industries by 87.2% during the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after buying an additional 41 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Huntington Ingalls Industries by 120.0% in the 3rd quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock worth $32,000 after buying an additional 60 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of Huntington Ingalls Industries by 363.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock worth $33,000 after buying an additional 109 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Chad N. Boudreaux sold 4,400 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $422.45, for a total value of $1,858,780.00. Following the completion of the transaction, the vice president owned 20,360 shares in the company, valued at $8,601,082. The trade was a 17.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Eric D. Chewning sold 1,700 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $433.44, for a total value of $736,848.00. Following the transaction, the executive vice president directly owned 1,949 shares in the company, valued at approximately $844,774.56. The trade was a 46.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HII has been the subject of a number of recent research reports. TD Cowen lifted their price target on shares of Huntington Ingalls Industries from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Citigroup cut their price objective on shares of Huntington Ingalls Industries from $465.00 to $441.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Sanford C. Bernstein reiterated a “market perform” rating and set a $421.00 target price on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. Wells Fargo & Company began coverage on Huntington Ingalls Industries in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 price target on the stock. Finally, Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $300.00 to $400.00 in a research note on Thursday, February 12th. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Huntington Ingalls Industries presently has an average rating of “Hold” and a consensus target price of $383.22.

Huntington Ingalls Industries Trading Up 0.4%

Shares of NYSE HII opened at $316.06 on Friday. The firm’s 50 day moving average price is $397.33 and its 200-day moving average price is $370.43. The company has a market cap of $12.45 billion, a PE ratio of 20.56, a P/E/G ratio of 1.34 and a beta of 0.29. Huntington Ingalls Industries, Inc. has a 52-week low of $215.04 and a 52-week high of $460.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.19.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.09. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter last year, the firm earned $3.79 earnings per share. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 17.33 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 35.91%.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.