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6,000 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Bought by Calamos Wealth Management LLC

Huntington Ingalls Industries logo with Aerospace background

Calamos Wealth Management LLC acquired a new position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,000 shares of the aerospace company's stock, valued at approximately $1,224,000.

Several other hedge funds and other institutional investors have also bought and sold shares of HII. Sentry Investment Management LLC purchased a new position in Huntington Ingalls Industries in the 1st quarter worth $26,000. EverSource Wealth Advisors LLC grew its position in shares of Huntington Ingalls Industries by 503.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock valued at $30,000 after acquiring an additional 131 shares during the period. Raiffeisen Bank International AG acquired a new stake in shares of Huntington Ingalls Industries during the 4th quarter valued at about $36,000. Grove Bank & Trust acquired a new stake in shares of Huntington Ingalls Industries during the 1st quarter valued at about $61,000. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in Huntington Ingalls Industries in the 4th quarter worth about $70,000. Institutional investors own 90.46% of the company's stock.

Insider Activity at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 1,965 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total transaction of $449,867.10. Following the completion of the transaction, the vice president owned 21,228 shares of the company's stock, valued at approximately $4,859,938.32. This represents a 8.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total transaction of $301,483.00. Following the completion of the sale, the vice president directly owned 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. In the last 90 days, insiders sold 5,225 shares of company stock valued at $1,207,207. Insiders own 0.86% of the company's stock.

Huntington Ingalls Industries Stock Up 1.4%

NYSE:HII traded up $3.45 during mid-day trading on Monday, reaching $255.53. The stock had a trading volume of 52,817 shares, compared to its average volume of 556,527. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.07 and a quick ratio of 0.99. The stock's 50 day simple moving average is $231.16 and its two-hundred day simple moving average is $206.83. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $285.81. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.59 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its 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 firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations 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 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 earnings per share. Equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio is currently 38.90%.

Wall Street Analysts Forecast Growth

HII has been the topic of several analyst reports. Barclays lifted 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. The Goldman Sachs Group boosted their target price on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Alembic Global Advisors upgraded shares of 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Huntington Ingalls Industries presently has an average rating of "Hold" and an average target price of $236.38.

Check Out Our Latest Stock Analysis on Huntington Ingalls Industries

Huntington Ingalls Industries Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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