Baker Ellis Asset Management LLC Purchases 4,425 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Baker Ellis Asset Management LLC grew its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 69.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,815 shares of the aerospace company's stock after buying an additional 4,425 shares during the quarter. Baker Ellis Asset Management LLC's holdings in Huntington Ingalls Industries were worth $2,207,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of HII. Vanguard Group Inc. increased its stake in shares of Huntington Ingalls Industries by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company's stock worth $950,391,000 after buying an additional 14,988 shares during the period. Geode Capital Management LLC lifted its holdings in Huntington Ingalls Industries by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company's stock worth $197,677,000 after buying an additional 29,670 shares during the period. Earnest Partners LLC grew its position in shares of Huntington Ingalls Industries by 32.6% in the 4th quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company's stock worth $157,216,000 after buying an additional 204,376 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Huntington Ingalls Industries by 15.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 578,488 shares of the aerospace company's stock valued at $109,316,000 after buying an additional 77,718 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Huntington Ingalls Industries by 75,182.7% during the first quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company's stock valued at $1,004,590,000 after buying an additional 491,695 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

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

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock traded up $3.01 during trading on Friday, hitting $232.13. 253,881 shares of the company's stock traded hands, compared to its average volume of 543,898. 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 simple moving average of $222.40 and a 200-day simple moving average of $201.63. The stock has a market capitalization of $9.11 billion, a P/E ratio of 16.62, a PEG ratio of 1.15 and a beta of 0.29. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01.

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, beating analysts' consensus estimates of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter last year, the firm posted $3.87 EPS. The business's quarterly revenue was down 2.5% compared to the same quarter last year. As a group, analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $1.35 per share. The ex-dividend date is Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a yield of 2.33%. Huntington Ingalls Industries's dividend payout ratio is presently 38.90%.

Insider Activity

In other news, VP Chad N. Boudreaux sold 1,965 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were 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 now owns 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 legal filing with the SEC, which is available at this link. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of Huntington Ingalls Industries stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total value of $301,483.00. Following the transaction, the vice president now 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. Insiders have sold 5,225 shares of company stock valued at $1,207,207 in the last ninety days. 0.72% of the stock is currently owned by company insiders.

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.