Carnegie Investment Counsel Purchases 50,777 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Carnegie Investment Counsel boosted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 1,266.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,787 shares of the aerospace company's stock after purchasing an additional 50,777 shares during the quarter. Carnegie Investment Counsel owned approximately 0.14% of Huntington Ingalls Industries worth $11,105,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in 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. Geode Capital Management LLC grew its position in shares of Huntington Ingalls Industries by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company's stock valued at $197,677,000 after purchasing an additional 29,670 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of Huntington Ingalls Industries by 32.6% in the fourth quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company's stock worth $157,216,000 after purchasing an additional 204,376 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Huntington Ingalls Industries by 15.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 578,488 shares of the aerospace company's stock worth $109,316,000 after buying an additional 77,718 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its position in shares of Huntington Ingalls Industries by 27.3% in the first quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company's stock worth $109,108,000 after buying an additional 114,635 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Trading Up 0.5%

Shares of HII traded up $1.31 during trading hours on Friday, hitting $264.64. The company had a trading volume of 327,592 shares, compared to its average volume of 401,894. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $285.81. The company has a quick ratio of 0.99, a current ratio of 1.07 and a debt-to-equity ratio of 0.57. The stock's 50 day moving average price is $239.13 and its 200 day moving average price is $213.48. The firm has a market cap of $10.38 billion, a P/E ratio of 19.07, a P/E/G ratio of 1.62 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 earnings per share for the quarter, beating 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 firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the prior year, the firm posted $3.87 earnings per share. The business's quarterly revenue was down 2.5% compared to the same quarter last year. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $1.35 per share. The ex-dividend date was Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a yield of 2.04%. Huntington Ingalls Industries's dividend payout ratio is presently 38.90%.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, Director Anastasi D. Kelly sold 1,960 shares of the company'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 transaction 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. 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 through this hyperlink. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total value of $301,483.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders sold 5,225 shares of company stock valued at $1,207,207 in the last 90 days. Insiders own 0.72% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. 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 research note on Thursday, May 15th. TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their price objective for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. 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 report on Friday, May 2nd. Finally, Barclays raised their price objective on shares of 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 investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.