AMG National Trust Bank Increases Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

AMG National Trust Bank boosted its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 47.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,310 shares of the aerospace company's stock after acquiring an additional 2,668 shares during the quarter. AMG National Trust Bank's holdings in Huntington Ingalls Industries were worth $1,696,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Sentry Investment Management LLC acquired a new stake in shares of Huntington Ingalls Industries in the first quarter valued at $26,000. Park Square Financial Group LLC acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at approximately $31,000. HM Payson & Co. lifted its stake in Huntington Ingalls Industries by 71.9% in the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock valued at $31,000 after buying an additional 64 shares in the last quarter. Raiffeisen Bank International AG bought a new position in Huntington Ingalls Industries in the fourth quarter valued at approximately $36,000. Finally, Grove Bank & Trust acquired a new position in Huntington Ingalls Industries during the first quarter worth $61,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on HII. Barclays upped 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 note on Monday, May 5th. The Goldman Sachs Group raised their price target on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and raised their price target for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. Finally, Alembic Global Advisors raised 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 report on Thursday, May 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $251.38.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 1,965 shares of Huntington Ingalls Industries stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total transaction of $449,867.10. Following the completion of the sale, the vice president owned 21,228 shares in the company, valued at approximately $4,859,938.32. This trade represents a 8.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anastasi D. Kelly sold 1,960 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total value of $455,856.80. Following the completion of the sale, the director owned 17,485 shares of the company's stock, valued at $4,066,661.30. The trade was a 10.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,225 shares of company stock valued at $1,207,207 in the last quarter. 0.72% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Trading Down 0.6%

NYSE:HII traded down $1.53 on Monday, reaching $252.96. 333,258 shares of the stock traded hands, compared to its average volume of 563,724. The firm has a market capitalization of $9.93 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 1.57 and a beta of 0.31. The company's 50 day moving average is $235.85 and its 200-day moving average is $211.31. The company has a current ratio of 1.07, a quick ratio of 0.99 and a debt-to-equity ratio of 0.57. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $285.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.89. The firm had revenue of $2.73 billion for 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 company's revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.87 earnings per share. Equities research analysts anticipate 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 was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Friday, May 30th. Huntington Ingalls Industries's payout ratio is currently 38.90%.

About Huntington Ingalls Industries

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.