Auto Owners Insurance Co Increases Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Auto Owners Insurance Co boosted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 273.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 455,308 shares of the aerospace company's stock after acquiring an additional 333,308 shares during the period. Huntington Ingalls Industries comprises about 1.7% of Auto Owners Insurance Co's investment portfolio, making the stock its 15th biggest holding. Auto Owners Insurance Co owned about 1.16% of Huntington Ingalls Industries worth $92,901,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Patriot Financial Group Insurance Agency LLC raised its holdings in Huntington Ingalls Industries by 2.5% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,124 shares of the aerospace company's stock worth $433,000 after purchasing an additional 51 shares in the last quarter. Farther Finance Advisors LLC grew its position in Huntington Ingalls Industries by 12.2% during the 1st quarter. Farther Finance Advisors LLC now owns 514 shares of the aerospace company's stock worth $104,000 after purchasing an additional 56 shares in the last quarter. HM Payson & Co. grew its position in Huntington Ingalls Industries by 71.9% during the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock worth $31,000 after purchasing an additional 64 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of Huntington Ingalls Industries by 8.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 820 shares of the aerospace company's stock valued at $167,000 after acquiring an additional 65 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Huntington Ingalls Industries by 0.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 11,930 shares of the aerospace company's stock valued at $2,254,000 after acquiring an additional 66 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Anastasi D. Kelly sold 1,960 shares of the business'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 transaction, the director directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the business'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 transaction, the vice president directly owned 9,581 shares in the company, valued at approximately $2,221,929.71. The trade was a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,225 shares of company stock valued at $1,207,207. 0.72% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HII has been the topic of several research reports. TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. Barclays increased 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 research report on Monday, May 5th. The Goldman Sachs Group lifted their price objective on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. 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 for the company in a research note on Thursday, May 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $251.38.

Huntington Ingalls Industries Trading Up 0.5%

Shares of NYSE HII traded up $1.31 during mid-day trading on Friday, hitting $264.64. The stock had a trading volume of 327,442 shares, compared to its average volume of 650,078. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.99 and a current ratio of 1.07. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $285.81. The business has a 50 day moving average price of $238.44 and a two-hundred day moving average price of $212.95. The firm has a market cap of $10.38 billion, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 1.63 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.90 by $0.89. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.80 billion. Huntington Ingalls Industries had a net margin of 4.76% and a return on equity of 12.26%. The company's quarterly 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 EPS. On average, equities 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 disclosed 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. This represents a $5.40 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend 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.