Baird Financial Group Inc. Purchases 1,373 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Baird Financial Group Inc. boosted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 32.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,658 shares of the aerospace company's stock after purchasing an additional 1,373 shares during the period. Baird Financial Group Inc.'s holdings in Huntington Ingalls Industries were worth $1,069,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HII. Barclays PLC boosted its holdings in Huntington Ingalls Industries by 54.1% in the 3rd quarter. Barclays PLC now owns 137,004 shares of the aerospace company's stock worth $36,221,000 after buying an additional 48,113 shares during the period. Principal Financial Group Inc. grew its stake in Huntington Ingalls Industries by 7.4% in the 3rd quarter. Principal Financial Group Inc. now owns 139,248 shares of the aerospace company's stock worth $36,812,000 after acquiring an additional 9,634 shares in the last quarter. Czech National Bank boosted its stake in shares of Huntington Ingalls Industries by 6.2% during the fourth quarter. Czech National Bank now owns 8,484 shares of the aerospace company's stock valued at $1,603,000 after purchasing an additional 496 shares in the last quarter. Capital Investment Advisors LLC lifted its position in Huntington Ingalls Industries by 10.7% during the fourth quarter. Capital Investment Advisors LLC now owns 8,006 shares of the aerospace company's stock valued at $1,513,000 after acquiring an additional 772 shares during the last quarter. Finally, Wedmont Private Capital lifted its position in Huntington Ingalls Industries by 7.0% during the fourth quarter. Wedmont Private Capital now owns 1,962 shares of the aerospace company's stock valued at $373,000 after acquiring an additional 129 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HII. The Goldman Sachs Group raised their target price on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Barclays boosted their target price on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Finally, Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $244.56.

Huntington Ingalls Industries Stock Up 0.8%

Shares of HII traded up $1.83 during trading on Friday, reaching $229.99. The company's stock had a trading volume of 311,295 shares, compared to its average volume of 527,286. The company has a fifty day moving average of $212.88 and a two-hundred day moving average of $198.17. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $285.81. The company has a market cap of $9.02 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 1.15 and a beta of 0.31. 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 (NYSE:HII - Get Free Report) last issued its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the company earned $3.87 earnings per share. The firm's revenue for the quarter was down 2.5% on a year-over-year basis. On average, sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $1.35 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.35%. Huntington Ingalls Industries's dividend payout ratio is currently 38.90%.

Insider Buying and Selling

In other news, CAO Nicolas G. Schuck sold 750 shares of the business'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 sale, the chief accounting officer now owns 2,884 shares of the company's stock, valued at $546,691.04. The trade was a 20.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total transaction of $301,483.00. Following the completion of the transaction, the vice president now owns 9,581 shares in the company, valued at approximately $2,221,929.71. This represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,010 shares of company stock valued at $899,510. Insiders own 0.72% of the company's stock.

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.