7,291 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Purchased by CX Institutional

CX Institutional acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 7,291 shares of the aerospace company's stock, valued at approximately $1,488,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sentry Investment Management LLC acquired a new position in Huntington Ingalls Industries during the first quarter valued at $26,000. EverSource Wealth Advisors LLC raised its holdings in Huntington Ingalls Industries by 503.8% in the 4th 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 purchased a new position in shares of Huntington Ingalls Industries during the 4th quarter worth $36,000. Canada Post Corp Registered Pension Plan acquired a new position in Huntington Ingalls Industries in the fourth quarter valued at approximately $70,000. Finally, SRS Capital Advisors Inc. boosted its stake in Huntington Ingalls Industries by 156.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock worth $91,000 after buying an additional 294 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on HII shares. Barclays increased 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. 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 report on Thursday, May 15th. Finally, The Goldman Sachs Group upped their price target 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $236.38.

Insider Activity at Huntington Ingalls Industries

In other news, Director Anastasi D. Kelly sold 1,960 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were 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 owns 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Chad N. Boudreaux sold 1,965 shares of the stock in a transaction 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 sale, the vice president now directly owns 21,228 shares of the company's stock, valued at $4,859,938.32. This represents a 8.47% decrease in their position. 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 90 days. Insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Stock Up 1.5%

HII stock traded up $3.47 during mid-day trading on Friday, hitting $232.59. The stock had a trading volume of 455,835 shares, compared to its average volume of 545,701. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $285.81. The company has a fifty day moving average of $222.40 and a 200 day moving average of $201.63. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $9.13 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 1.15 and a beta of 0.29.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the firm posted $3.87 earnings per share. Huntington Ingalls Industries's revenue was down 2.5% compared to the same quarter last year. On average, equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 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.