Auxano Advisors LLC Buys 1,297 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Auxano Advisors LLC boosted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 89.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,739 shares of the aerospace company's stock after purchasing an additional 1,297 shares during the quarter. Auxano Advisors LLC's holdings in Huntington Ingalls Industries were worth $559,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HII. Generali Asset Management SPA SGR purchased a new position in Huntington Ingalls Industries during the fourth quarter worth about $2,056,000. Integrated Quantitative Investments LLC acquired a new position in shares of Huntington Ingalls Industries during the 4th quarter worth $283,000. Teacher Retirement System of Texas acquired a new position in Huntington Ingalls Industries in the 1st quarter valued at $1,324,000. Allstate Corp acquired a new stake in Huntington Ingalls Industries in the 4th quarter worth $237,000. Finally, GAMMA Investing LLC grew its position in Huntington Ingalls Industries by 269.0% in the 1st quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company's stock worth $492,000 after purchasing an additional 1,759 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Down 0.4%

HII stock traded down $0.98 during midday trading on Friday, reaching $254.37. 542,810 shares of the company's stock traded hands, compared to its average volume of 564,649. The company has a market cap of $9.98 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 1.57 and a beta of 0.31. The firm's fifty day moving average price is $235.85 and its 200-day moving average price is $211.15. The company has a quick ratio of 0.99, a current ratio of 1.07 and a debt-to-equity ratio of 0.57. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $285.81.

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

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date was Friday, May 30th. Huntington Ingalls Industries's payout ratio is presently 38.90%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target for the company in a research report on Thursday, May 15th. Barclays boosted their price objective on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Finally, TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their price objective for the company from $250.00 to $300.00 in a report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $251.38.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 1,965 shares of the business's stock in a transaction that occurred 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 completion of the sale, the vice president owned 21,228 shares in the company, valued at $4,859,938.32. The trade was a 8.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Anastasi D. Kelly sold 1,960 shares of the business's stock in a transaction that occurred 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 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 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.