Bay Colony Advisory Group Inc d b a Bay Colony Advisors Invests $270,000 in Huntington Ingalls Industries, Inc. (NYSE:HII)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 1,317 shares of the aerospace company's stock, valued at approximately $270,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sentry Investment Management LLC bought a new position in shares of Huntington Ingalls Industries in the first quarter valued at approximately $26,000. EverSource Wealth Advisors LLC lifted its stake in Huntington Ingalls Industries by 503.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock worth $30,000 after purchasing an additional 131 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in Huntington Ingalls Industries in the 4th quarter worth approximately $36,000. Grove Bank & Trust bought a new position in Huntington Ingalls Industries in the 1st quarter valued at $61,000. Finally, Canada Post Corp Registered Pension Plan purchased a new position in shares of Huntington Ingalls Industries during the 4th quarter valued at $70,000. Institutional investors own 90.46% of the company's stock.

Insider Activity

In related news, Director Anastasi D. Kelly sold 1,960 shares of the stock in a transaction dated Tuesday, May 6th. The stock was 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of Huntington Ingalls Industries stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total value of $301,483.00. Following the completion of the transaction, the vice president now directly owns 9,581 shares in the company, valued at $2,221,929.71. This trade represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,225 shares of company stock valued at $1,207,207. 0.72% of the stock is currently owned by insiders.

Huntington Ingalls Industries Price Performance

NYSE:HII traded down $0.14 during mid-day trading on Friday, reaching $234.07. The stock had a trading volume of 1,555,654 shares, compared to its average volume of 552,316. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $285.81. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.99 and a current ratio of 1.07. The firm has a 50 day moving average price of $226.51 and a two-hundred day moving average price of $203.19. The stock has a market capitalization of $9.18 billion, a P/E ratio of 16.86, a P/E/G ratio of 1.49 and a beta of 0.29.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, topping analysts' consensus estimates of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.76% and a return on equity of 12.26%. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the previous year, the business posted $3.87 EPS. The business's quarterly revenue was down 2.5% on a year-over-year basis. As a group, analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.40 annualized dividend and a yield of 2.31%. Huntington Ingalls Industries's payout ratio is 38.90%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HII shares. The Goldman Sachs Group lifted their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Barclays lifted their price target on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Finally, Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective for the company in a report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of "Hold" and a consensus target price of $236.38.

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.