Cetera Investment Advisers Increases Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Key Points

• Cetera Investment Advisers increased its stake in Huntington Ingalls Industries by 18.3%, now holding 38,117 shares valued at approximately $7.8 million.
• Shares of Huntington Ingalls Industries have seen a price increase of 7.7%, valued at $278.52, with a market cap of $10.93 billion.
• The company announced a quarterly dividend of $1.35 per share, set to be paid on September 12, reflecting a dividend yield of 1.9%.

Cetera Investment Advisers boosted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 18.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,117 shares of the aerospace company's stock after purchasing an additional 5,888 shares during the quarter. Cetera Investment Advisers owned about 0.10% of Huntington Ingalls Industries worth $7,777,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sentry Investment Management LLC acquired a new position in shares of Huntington Ingalls Industries during the first quarter worth $26,000. HM Payson & Co. lifted its holdings in shares of Huntington Ingalls Industries by 71.9% during the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock worth $31,000 after purchasing an additional 64 shares during the period. Park Square Financial Group LLC acquired a new position in shares of Huntington Ingalls Industries during the first quarter worth $31,000. Raiffeisen Bank International AG acquired a new position in shares of Huntington Ingalls Industries during the fourth quarter worth $36,000. Finally, Grove Bank & Trust acquired a new position in shares of Huntington Ingalls Industries during the first quarter worth $61,000. Institutional investors own 90.46% of the company's stock.

Insider Activity at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 1,965 shares of the business's stock in a transaction that occurred on 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 sale, the vice president directly owned 21,228 shares in the company, valued at approximately $4,859,938.32. The trade was a 8.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total transaction of $301,483.00. Following the completion of the transaction, the vice president owned 9,581 shares of the company's stock, valued at approximately $2,221,929.71. The trade was a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,225 shares of company stock worth $1,207,207 over the last quarter. Company insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HII shares. The Goldman Sachs Group lifted their target price on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and lifted their target price for the stock from $250.00 to $300.00 in a research note on Thursday, July 10th. Barclays lifted their target price on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price for the company in a research note on Thursday, May 15th. Finally, Wall Street Zen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $251.38.

Huntington Ingalls Industries Trading Down 3.4%

Shares of HII traded down $9.60 during trading hours on Friday, reaching $269.26. 763,551 shares of the company traded hands, compared to its average volume of 471,886. The company's fifty day moving average price is $243.11 and its two-hundred day moving average price is $216.01. The company has a market capitalization of $10.57 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 1.71 and a beta of 0.33. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $293.14.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, beating analysts' consensus estimates of $3.23 by $0.63. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the business earned $4.38 EPS. Huntington Ingalls Industries's revenue was up 3.5% compared to the same quarter last year. Equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a dividend of $1.35 per share. The ex-dividend date is Friday, August 29th. This represents a $5.40 dividend on an annualized basis and a yield of 2.0%. Huntington Ingalls Industries's dividend payout ratio is 40.42%.

About Huntington Ingalls Industries

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.