Mather Group LLC. Purchases Shares of 141 Huntington Ingalls Industries, Inc. (NYSE:HII)

Mather Group LLC. purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 141 shares of the aerospace company’s stock, valued at approximately $41,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HII. Vanguard Personalized Indexing Management LLC increased its stake in shares of Huntington Ingalls Industries by 4.9% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,621 shares of the aerospace company’s stock worth $681,000 after purchasing an additional 123 shares during the last quarter. Valley National Advisers Inc. acquired a new position in shares of Huntington Ingalls Industries during the 4th quarter worth about $1,094,000. Raymond James & Associates boosted its holdings in shares of Huntington Ingalls Industries by 22.9% during the 4th quarter. Raymond James & Associates now owns 56,596 shares of the aerospace company’s stock worth $14,695,000 after buying an additional 10,539 shares during the period. UBS Group AG boosted its holdings in shares of Huntington Ingalls Industries by 28.4% during the 4th quarter. UBS Group AG now owns 159,061 shares of the aerospace company’s stock worth $41,299,000 after buying an additional 35,142 shares during the period. Finally, Prevatt Capital Ltd bought a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth about $15,578,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII opened at $251.20 on Tuesday. The firm has a 50 day moving average of $255.70 and a 200-day moving average of $266.58. The stock has a market capitalization of $9.90 billion, a PE ratio of 14.16, a PEG ratio of 2.11 and a beta of 0.56. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54. Huntington Ingalls Industries, Inc. has a 12 month low of $199.11 and a 12 month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, May 2nd. The aerospace company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.50 by $0.37. The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Huntington Ingalls Industries had a net margin of 6.09% and a return on equity of 18.08%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.23 EPS. On average, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 16.35 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Friday, May 31st. Huntington Ingalls Industries’s dividend payout ratio is 29.31%.

Insider Buying and Selling

In related news, VP Edmond E. Jr. Hughes sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $256.07, for a total transaction of $384,105.00. Following the completion of the transaction, the vice president now directly owns 8,135 shares in the company, valued at approximately $2,083,129.45. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 1,043 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $252.03, for a total value of $262,867.29. Following the completion of the transaction, the vice president now directly owns 11,961 shares in the company, valued at approximately $3,014,530.83. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Edmond E. Jr. Hughes sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $256.07, for a total transaction of $384,105.00. Following the completion of the transaction, the vice president now owns 8,135 shares of the company’s stock, valued at $2,083,129.45. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on HII shares. JPMorgan Chase & Co. lifted their target price on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. StockNews.com downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Finally, Citigroup assumed coverage on shares of Huntington Ingalls Industries in a report on Monday, May 20th. They issued a “buy” rating and a $310.00 price objective for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $278.00.

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.