Capital Investment Counsel Inc Buys 2,445 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Capital Investment Counsel Inc grew its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 13.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,963 shares of the aerospace company's stock after acquiring an additional 2,445 shares during the quarter. Huntington Ingalls Industries comprises approximately 0.6% of Capital Investment Counsel Inc's portfolio, making the stock its 28th biggest position. Capital Investment Counsel Inc owned approximately 0.05% of Huntington Ingalls Industries worth $4,277,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Sentry Investment Management LLC purchased a new position in Huntington Ingalls Industries in the 1st quarter valued at $26,000. EverSource Wealth Advisors LLC boosted its position in shares of 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 buying an additional 131 shares in the last quarter. Raiffeisen Bank International AG acquired a new position in Huntington Ingalls Industries in the 4th quarter valued at about $36,000. Grove Bank & Trust acquired a new position in Huntington Ingalls Industries in the 1st quarter valued at about $61,000. Finally, Canada Post Corp Registered Pension Plan acquired a new position in Huntington Ingalls Industries in the 4th quarter valued at about $70,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HII has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price objective 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. 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. Finally, 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 research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries presently has an average rating of "Hold" and a consensus target price of $236.38.

Insider Buying and Selling

In other news, VP Chad N. Boudreaux sold 1,965 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $4,859,938.32. The trade was a 8.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anastasi D. Kelly sold 1,960 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total value of $455,856.80. Following the completion of the transaction, the director owned 17,485 shares in the company, valued at $4,066,661.30. The trade was a 10.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,225 shares of company stock valued at $1,207,207 in the last three months. Insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Stock Up 0.8%

HII traded up $2.07 on Friday, hitting $252.22. 304,186 shares of the company were exchanged, compared to its average volume of 557,517. 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 stock's fifty day moving average is $230.64 and its 200-day moving average is $206.20. The company has a market cap of $9.90 billion, a PE ratio of 18.17, a PEG ratio of 1.57 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $285.81.

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

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio 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.