Copeland Capital Management LLC Purchases 3,868 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Copeland Capital Management LLC boosted its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,592 shares of the aerospace company's stock after acquiring an additional 3,868 shares during the period. Copeland Capital Management LLC owned 0.21% of Huntington Ingalls Industries worth $16,648,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HII. Sentry Investment Management LLC bought a new position in Huntington Ingalls Industries in the first quarter valued at about $26,000. EverSource Wealth Advisors LLC boosted its holdings in Huntington Ingalls Industries by 503.8% in the fourth 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 last quarter. Raiffeisen Bank International AG bought a new position in Huntington Ingalls Industries in the fourth quarter valued at about $36,000. Grove Bank & Trust bought a new position in Huntington Ingalls Industries in the first quarter valued at about $61,000. Finally, Canada Post Corp Registered Pension Plan bought a new position in Huntington Ingalls Industries in the fourth quarter valued at about $70,000. Institutional investors own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HII. Alembic Global Advisors raised 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. Barclays increased their price objective 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. Finally, The Goldman Sachs Group increased their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $236.38.

Insider Transactions at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 1,965 shares of Huntington Ingalls Industries stock in a transaction that occurred on Tuesday, June 3rd. The stock was 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 now directly owns 21,228 shares in the company, valued at approximately $4,859,938.32. The trade was a 8.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries 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 transaction, the director now owns 17,485 shares of the company's stock, valued at $4,066,661.30. This represents a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,225 shares of company stock worth $1,207,207. 0.72% of the stock is owned by company insiders.

Huntington Ingalls Industries Stock Down 0.4%

HII stock traded down $0.87 during mid-day trading on Friday, reaching $238.96. The company had a trading volume of 515,986 shares, compared to its average volume of 555,314. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.07 and a quick ratio of 0.99. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $285.81. The stock has a 50 day simple moving average of $228.34 and a two-hundred day simple moving average of $204.79. The company has a market capitalization of $9.38 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 1.51 and a beta of 0.29.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued 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. 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 the consensus estimate of $2.80 billion. During the same period in the previous year, the company posted $3.87 EPS. The firm's revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, equities 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 firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.40 annualized dividend and a dividend yield of 2.26%. Huntington Ingalls Industries's dividend payout ratio is currently 38.90%.

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.