Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Burney Co.

Burney Co. decreased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 9.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,450 shares of the aerospace company's stock after selling 1,128 shares during the period. Burney Co.'s holdings in Huntington Ingalls Industries were worth $2,336,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HII. LPL Financial LLC increased its stake in Huntington Ingalls Industries by 88.3% in the 4th quarter. LPL Financial LLC now owns 118,183 shares of the aerospace company's stock worth $22,333,000 after buying an additional 55,436 shares during the period. Vanguard Group Inc. raised its stake in shares of Huntington Ingalls Industries by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company's stock valued at $950,391,000 after acquiring an additional 14,988 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Huntington Ingalls Industries by 5.3% in the fourth quarter. Prudential Financial Inc. now owns 30,608 shares of the aerospace company's stock valued at $5,784,000 after purchasing an additional 1,529 shares during the period. Korea Investment CORP boosted its holdings in shares of Huntington Ingalls Industries by 43.1% in the fourth quarter. Korea Investment CORP now owns 24,918 shares of the aerospace company's stock valued at $4,709,000 after purchasing an additional 7,502 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Huntington Ingalls Industries by 4.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 66,503 shares of the aerospace company's stock valued at $12,508,000 after purchasing an additional 3,118 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Up 0.5%

Shares of HII stock traded up $1.31 during trading hours on Friday, reaching $264.64. 327,592 shares of the company's stock were exchanged, compared to its average volume of 650,778. The stock's 50 day moving average is $239.13 and its 200-day moving average is $213.48. The company has a market cap of $10.38 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 1.63 and a beta of 0.31. 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, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $285.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.90 by $0.89. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $3.87 earnings per share. Analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm 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. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Friday, May 30th. Huntington Ingalls Industries's payout ratio is presently 38.90%.

Insider Transactions at Huntington Ingalls Industries

In other news, VP Edmond E. Jr. Hughes sold 1,300 shares of the business'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 directly owned 9,581 shares of the company's stock, valued at $2,221,929.71. The trade was a 11.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $455,856.80. Following the sale, the director directly owned 17,485 shares in the company, valued at $4,066,661.30. This trade represents a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,225 shares of company stock valued at $1,207,207. Corporate insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. 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 report on Thursday, May 15th. The Goldman Sachs Group boosted 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. Barclays boosted their price target on 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 Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their price target for the company from $250.00 to $300.00 in a report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $251.38.

Huntington Ingalls Industries 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.