Bard Financial Services Inc. Buys New Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Bard Financial Services Inc. bought a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,850 shares of the aerospace company's stock, valued at approximately $1,602,000.

A number of other institutional investors have also recently modified their holdings of HII. Generali Asset Management SPA SGR acquired a new position in Huntington Ingalls Industries in the fourth quarter valued at about $2,056,000. Assetmark Inc. raised its position in shares of Huntington Ingalls Industries by 2,154.9% in the 4th quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock valued at $1,474,000 after buying an additional 7,456 shares in the last quarter. Northcape Wealth Management LLC bought a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $3,642,000. Essential Planning LLC. bought a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $2,457,000. Finally, Integrated Quantitative Investments LLC acquired a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $283,000. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Price Performance

Shares of HII traded up $2.10 during trading hours on Thursday, reaching $228.25. The stock had a trading volume of 148,764 shares, compared to its average volume of 543,025. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $285.81. The stock has a market capitalization of $8.96 billion, a PE ratio of 16.35, a PEG ratio of 1.15 and a beta of 0.29. The company's 50-day moving average is $221.49 and its two-hundred day moving average is $201.42.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its 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 the consensus estimate 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 quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the company earned $3.87 earnings per share. Research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Friday, May 30th. Huntington Ingalls Industries's payout ratio is 38.90%.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP Edmond E. Jr. Hughes sold 1,300 shares of the company's 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 sale, the vice president now directly owns 9,581 shares of the company's stock, valued at approximately $2,221,929.71. This represents a 11.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total transaction of $455,856.80. Following the transaction, the director now directly owns 17,485 shares of the company's stock, valued at $4,066,661.30. This represents a 10.08% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,225 shares of company stock worth $1,207,207. 0.72% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. 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 report on Thursday, May 15th. Barclays boosted their price target 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. Finally, The Goldman Sachs Group raised their price objective 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. 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. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $236.38.

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.