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

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.

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.