10,102 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,102 shares of the aerospace company's stock, valued at approximately $2,061,000.

A number of other institutional investors also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC raised its position in shares of Huntington Ingalls Industries by 2.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,124 shares of the aerospace company's stock valued at $433,000 after purchasing an additional 51 shares during the period. Farther Finance Advisors LLC increased its position in Huntington Ingalls Industries by 12.2% during the first quarter. Farther Finance Advisors LLC now owns 514 shares of the aerospace company's stock worth $104,000 after acquiring an additional 56 shares during the period. Capital Advisors Ltd. LLC increased its position in Huntington Ingalls Industries by 8.6% during the first quarter. Capital Advisors Ltd. LLC now owns 820 shares of the aerospace company's stock worth $167,000 after acquiring an additional 65 shares during the period. Nomura Asset Management Co. Ltd. increased its position in Huntington Ingalls Industries by 0.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 11,930 shares of the aerospace company's stock worth $2,254,000 after acquiring an additional 66 shares during the period. Finally, Covestor Ltd increased its position in Huntington Ingalls Industries by 9.8% during the fourth quarter. Covestor Ltd now owns 815 shares of the aerospace company's stock worth $154,000 after acquiring an additional 73 shares during the period. Institutional investors own 90.46% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HII shares. The Goldman Sachs Group boosted 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 report on Friday, May 2nd. Barclays boosted 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 report on Monday, May 5th. Finally, Alembic Global Advisors raised shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $236.38.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII traded down $0.14 on Friday, hitting $234.07. The stock had a trading volume of 1,555,654 shares, compared to its average volume of 552,316. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $285.81. 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 firm's 50 day moving average price is $226.51 and its 200-day moving average price is $203.19. The company has a market capitalization of $9.18 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 1.49 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, beating the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.76% and a return on equity of 12.26%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the previous year, the company earned $3.87 EPS. The firm's revenue for the quarter was down 2.5% compared to the same quarter last year. On average, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $1.35 dividend. The ex-dividend date was Friday, May 30th. This represents a $5.40 annualized dividend and a dividend yield of 2.31%. Huntington Ingalls Industries's dividend payout ratio is presently 38.90%.

Insider Activity

In related news, Director Anastasi D. Kelly sold 1,960 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total transaction of $455,856.80. Following the transaction, the director now owns 17,485 shares in the company, valued at $4,066,661.30. This represents a 10.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $231.91, for a total transaction of $301,483.00. Following the transaction, the vice president now owns 9,581 shares in the company, valued at approximately $2,221,929.71. This trade represents a 11.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,225 shares of company stock worth $1,207,207. Corporate insiders own 0.72% of the company's stock.

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.