Davis Investment Partners LLC Acquires Shares of 3,155 Huntington Ingalls Industries, Inc. (NYSE:HII)

Davis Investment Partners LLC purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,155 shares of the aerospace company's stock, valued at approximately $694,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sentry Investment Management LLC acquired a new stake in shares of Huntington Ingalls Industries in the 1st quarter valued at about $26,000. EverSource Wealth Advisors LLC increased its stake 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 purchasing an additional 131 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at $36,000. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at $70,000. Finally, SRS Capital Advisors Inc. boosted its holdings in Huntington Ingalls Industries by 156.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock valued at $91,000 after acquiring an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays boosted their price objective on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. 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. Finally, Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective for the company in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of "Hold" and a consensus target price of $236.38.

Huntington Ingalls Industries Trading Up 1.5%

NYSE HII traded up $3.47 during trading on Friday, reaching $232.59. 455,835 shares of the stock traded hands, compared to its average volume of 546,675. The firm has a market cap of $9.13 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 1.15 and a beta of 0.29. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $285.81. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The stock's 50-day moving average price is $223.31 and its 200 day moving average price is $201.90.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the firm posted $3.87 earnings per share. The company's quarterly revenue was down 2.5% compared to the same quarter last year. Analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders 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 dividend on an annualized basis and a yield of 2.32%. Huntington Ingalls Industries's payout ratio is 38.90%.

Insiders Place Their Bets

In other news, VP Chad N. Boudreaux sold 1,965 shares of Huntington Ingalls Industries 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 in the company, valued at $4,859,938.32. The trade was a 8.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of Huntington Ingalls Industries stock in a transaction dated Wednesday, May 7th. The shares were 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 disclosure for this sale can be found here. Insiders have sold 5,225 shares of company stock worth $1,207,207 over the last ninety days. Corporate 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.