Baker Ellis Asset Management LLC Increases Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Baker Ellis Asset Management LLC boosted its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 69.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,815 shares of the aerospace company's stock after acquiring an additional 4,425 shares during the quarter. Baker Ellis Asset Management LLC's holdings in Huntington Ingalls Industries were worth $2,207,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Sentry Investment Management LLC bought a new stake in Huntington Ingalls Industries during the first quarter worth approximately $26,000. EverSource Wealth Advisors LLC grew its stake in shares of Huntington Ingalls Industries by 503.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock valued at $30,000 after buying an additional 131 shares during the last quarter. Raiffeisen Bank International AG bought a new position in shares of Huntington Ingalls Industries during the fourth quarter valued at approximately $36,000. Canada Post Corp Registered Pension Plan bought a new position in shares of Huntington Ingalls Industries during the fourth quarter valued at approximately $70,000. Finally, SRS Capital Advisors Inc. grew its stake in shares of Huntington Ingalls Industries by 156.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock valued at $91,000 after buying an additional 294 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock traded up $3.47 during mid-day trading on Friday, reaching $232.59. 455,835 shares of the stock traded hands, compared to its average volume of 546,675. The business has a 50-day moving average of $223.31 and a 200 day moving average of $201.90. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $285.81. The stock has a market capitalization of $9.13 billion, a PE ratio of 16.66, a PEG ratio of 1.15 and a beta of 0.29. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, beating the consensus estimate of $2.90 by $0.89. The firm had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.80 billion. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. The business's revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.87 earnings per share. On average, analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.40 annualized dividend and a dividend yield of 2.32%. Huntington Ingalls Industries's dividend payout ratio is currently 38.90%.

Insider Transactions at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 1,965 shares of the 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 now directly owns 21,228 shares in the company, valued at approximately $4,859,938.32. This trade represents a 8.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anastasi D. Kelly sold 1,960 shares of the firm's 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 sale, the director now owns 17,485 shares in the company, valued at approximately $4,066,661.30. This represents a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,225 shares of company stock worth $1,207,207 over the last ninety days. Company insiders own 0.72% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HII. Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a research note on Thursday, May 15th. The Goldman Sachs Group upped their target price on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, Barclays upped their target price on 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $236.38.

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.