CWA Asset Management Group LLC Invests $2.06 Million in Huntington Ingalls Industries, Inc. (NYSE:HII)

CWA Asset Management Group LLC acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,102 shares of the aerospace company's stock, valued at approximately $2,061,000.

Other large investors have also modified their holdings of the company. Sentry Investment Management LLC acquired a new stake in shares of Huntington Ingalls Industries in the first quarter worth $26,000. EverSource Wealth Advisors LLC boosted its position in shares of Huntington Ingalls Industries by 503.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock worth $30,000 after buying an additional 131 shares during the period. Raiffeisen Bank International AG acquired a new stake in shares of Huntington Ingalls Industries in the fourth quarter worth $36,000. Grove Bank & Trust acquired a new stake in shares of Huntington Ingalls Industries in the first quarter worth $61,000. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in shares of Huntington Ingalls Industries in the fourth quarter worth $70,000. 90.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HII has been the subject of several recent analyst reports. Barclays raised their target price on 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. The Goldman Sachs Group lifted their price objective on 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, 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 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 given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $236.38.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock traded down $0.14 during trading on Friday, reaching $234.07. The company's stock had a trading volume of 1,555,654 shares, compared to its average volume of 553,617. 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 business's fifty day moving average price is $226.51 and its 200-day moving average price is $203.12. The firm has a market cap of $9.18 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 1.48 and a beta of 0.29. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $285.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the previous year, the company posted $3.87 earnings per share. The firm's revenue for the quarter was down 2.5% on a year-over-year basis. As a group, 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 declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a dividend of $1.35 per share. The ex-dividend date was Friday, May 30th. This represents a $5.40 annualized dividend and a yield of 2.31%. Huntington Ingalls Industries's dividend payout ratio is 38.90%.

Insider Activity at Huntington Ingalls Industries

In other news, VP Edmond E. Jr. Hughes sold 1,300 shares of the business'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 value of $301,483.00. Following the transaction, the vice president now directly owns 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 now directly owns 17,485 shares in the company, valued at $4,066,661.30. The trade was a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,225 shares of company stock worth $1,207,207 over the last three months. Company insiders own 0.72% of the company's stock.

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.