World Investment Advisors Takes $544,000 Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

World Investment Advisors bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,666 shares of the aerospace company's stock, valued at approximately $544,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. raised its stake in shares of Huntington Ingalls Industries by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 362,396 shares of the aerospace company's stock valued at $68,482,000 after acquiring an additional 6,080 shares during the period. Victory Capital Management Inc. increased its position in Huntington Ingalls Industries by 1.8% during the 4th quarter. Victory Capital Management Inc. now owns 30,290 shares of the aerospace company's stock valued at $5,724,000 after purchasing an additional 542 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at about $11,249,000. Raymond James Financial Inc. bought a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at about $27,881,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Huntington Ingalls Industries by 6.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,561 shares of the aerospace company's stock worth $4,452,000 after purchasing an additional 1,381 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Insiders Place Their Bets

In related news, VP Chad N. Boudreaux sold 1,965 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total value of $449,867.10. Following the sale, the vice president owned 21,228 shares of the company's stock, valued at $4,859,938.32. The trade was a 8.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total value of $455,856.80. Following the completion of the transaction, the director owned 17,485 shares of the company's stock, valued at approximately $4,066,661.30. The trade was a 10.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,225 shares of company stock valued at $1,207,207 in the last three months. Insiders own 0.72% of the company's stock.

Wall Street Analyst Weigh In

HII has been the subject of several research reports. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective for the company in a research note on Thursday, May 15th. The Goldman Sachs Group lifted their target price on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Barclays boosted their price target on shares of 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, TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their target price for the company from $250.00 to $300.00 in a research report on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $251.38.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII traded up $0.15 during trading on Friday, reaching $258.26. The stock had a trading volume of 367,270 shares, compared to its average volume of 563,035. 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 stock has a market cap of $10.13 billion, a PE ratio of 18.61, a P/E/G ratio of 1.60 and a beta of 0.31. The firm's 50 day moving average price is $233.56 and its two-hundred day moving average price is $208.87.

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

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.09%. The ex-dividend date was Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio is currently 38.90%.

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.