Calamos Wealth Management LLC Purchases New Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Calamos Wealth Management LLC bought a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,000 shares of the aerospace company's stock, valued at approximately $1,224,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in HII. GAMMA Investing LLC raised its position in 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. D. E. Shaw & Co. Inc. raised its holdings in shares of Huntington Ingalls Industries by 1,648.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 375,872 shares of the aerospace company's stock valued at $71,029,000 after purchasing an additional 354,374 shares in the last quarter. River Road Asset Management LLC acquired a new stake in shares of Huntington Ingalls Industries in the fourth quarter worth about $65,215,000. Diamond Hill Capital Management Inc. grew its holdings in Huntington Ingalls Industries by 132.9% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company's stock valued at $79,387,000 after purchasing an additional 239,688 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Huntington Ingalls Industries by 4,900.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 210,480 shares of the aerospace company's stock worth $39,774,000 after purchasing an additional 206,271 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Anastasi D. Kelly sold 1,960 shares of the 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 completion of the sale, the director owned 17,485 shares of the company's stock, valued at $4,066,661.30. This represents a 10.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Chad N. Boudreaux sold 1,965 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total value of $449,867.10. Following the transaction, the vice president owned 21,228 shares of the company's stock, valued at approximately $4,859,938.32. The trade was a 8.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,225 shares of company stock valued at $1,207,207. 0.86% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

HII has been the subject of several recent research reports. Barclays upped 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. 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. Finally, Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $236.38.

Huntington Ingalls Industries Trading Up 0.7%

Huntington Ingalls Industries stock traded up $1.74 during trading hours on Monday, reaching $253.82. 403,159 shares of the company's stock traded hands, compared to its average volume of 557,893. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $285.81. The firm's 50 day moving average is $231.16 and its 200-day moving average is $206.83. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.99 and a current ratio of 1.07. The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.59 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, beating analysts' consensus estimates of $2.90 by $0.89. The business 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 12.26% and a net margin of 4.76%. The firm's revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.87 earnings per share. On average, analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $1.35 dividend. The ex-dividend date was Friday, May 30th. This represents a $5.40 annualized dividend and a dividend yield of 2.13%. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 38.90%.

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.