Cetera Investment Advisers Raises Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Cetera Investment Advisers raised its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 59.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,229 shares of the aerospace company's stock after purchasing an additional 11,980 shares during the quarter. Cetera Investment Advisers owned 0.08% of Huntington Ingalls Industries worth $6,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of HII. River Road Asset Management LLC bought a new stake in Huntington Ingalls Industries during the fourth quarter valued at approximately $65,215,000. Diamond Hill Capital Management Inc. lifted its position in Huntington Ingalls Industries by 132.9% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company's stock valued at $79,387,000 after purchasing an additional 239,688 shares during the last quarter. Earnest Partners LLC lifted its position in Huntington Ingalls Industries by 32.6% during the fourth quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company's stock valued at $157,216,000 after purchasing an additional 204,376 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Huntington Ingalls Industries during the fourth quarter valued at approximately $36,191,000. Finally, Raymond James Financial Inc. bought a new stake in Huntington Ingalls Industries during the fourth quarter valued at approximately $27,881,000. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Trading Down 0.4%

Shares of HII traded down $0.87 during mid-day trading on Monday, reaching $229.18. The company's stock had a trading volume of 518,362 shares, compared to its average volume of 528,269. The stock has a market cap of $8.99 billion, a PE ratio of 16.42, a P/E/G ratio of 1.15 and a beta of 0.31. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $285.81. The company's fifty day moving average price is $213.62 and its two-hundred day moving average price is $198.18.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, beating analysts' consensus estimates of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the business posted $3.87 EPS. The firm's revenue was down 2.5% compared to the same quarter last year. On average, analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a yield of 2.36%. Huntington Ingalls Industries's dividend payout ratio is currently 38.90%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HII shares. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price for the company in a research report on Thursday. The Goldman Sachs Group boosted their price objective 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. Finally, Barclays boosted their price objective on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Huntington Ingalls Industries currently has an average rating of "Hold" and an average price target of $244.56.

Insider Activity at Huntington Ingalls Industries

In related news, Director Anastasi D. Kelly sold 1,960 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total transaction of $455,856.80. Following the completion of the sale, the director now directly owns 17,485 shares in the company, valued at $4,066,661.30. This represents a 10.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction of $142,170.00. Following the transaction, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. The trade was a 20.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,010 shares of company stock worth $899,510 in the last three months. 0.72% of the stock is owned by insiders.

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.