Blue Trust Inc. Raises Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Blue Trust Inc. grew its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 53.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,443 shares of the aerospace company's stock after acquiring an additional 1,200 shares during the period. Blue Trust Inc.'s holdings in Huntington Ingalls Industries were worth $702,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sentry Investment Management LLC bought a new position in shares of Huntington Ingalls Industries in the first quarter worth about $26,000. EverSource Wealth Advisors LLC increased its holdings in Huntington Ingalls Industries by 503.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock worth $30,000 after acquiring an additional 131 shares in the last quarter. Raiffeisen Bank International AG bought a new stake in Huntington Ingalls Industries during the 4th quarter worth approximately $36,000. Grove Bank & Trust purchased a new position in Huntington Ingalls Industries during the first quarter valued at approximately $61,000. Finally, Canada Post Corp Registered Pension Plan purchased a new position in Huntington Ingalls Industries during the fourth quarter valued at approximately $70,000. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII traded down $0.14 during midday trading on Friday, reaching $234.07. 1,555,654 shares of the company were exchanged, compared to its average volume of 552,316. The stock has a market cap of $9.18 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 1.49 and a beta of 0.29. The business's fifty day moving average is $226.51 and its two-hundred day moving average is $203.19. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $285.81. The company has a current ratio of 1.07, a quick ratio of 0.99 and a debt-to-equity ratio of 0.57.

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

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $1.35 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.31%. Huntington Ingalls Industries's dividend payout ratio is currently 38.90%.

Insider Activity at Huntington Ingalls Industries

In related 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 value of $455,856.80. Following the sale, the director now owns 17,485 shares in the company, valued at approximately $4,066,661.30. The trade was a 10.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $301,483.00. Following the sale, the vice president now directly owns 9,581 shares in the company, valued at approximately $2,221,929.71. The trade was a 11.95% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,225 shares of company stock valued at $1,207,207. Insiders own 0.72% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HII shares. 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 note on Monday, May 5th. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target for the company in a research note on Thursday, May 15th. Finally, The Goldman Sachs Group raised their price target on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a report 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target 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.