Envestnet Asset Management Inc. Grows Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Envestnet Asset Management Inc. boosted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 20.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,696 shares of the aerospace company's stock after purchasing an additional 15,892 shares during the quarter. Envestnet Asset Management Inc. owned about 0.24% of Huntington Ingalls Industries worth $18,914,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HII. GAMMA Investing LLC boosted its stake in Huntington Ingalls Industries by 75,182.7% during the first quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company's stock valued at $1,004,590,000 after buying an additional 491,695 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of Huntington Ingalls Industries by 1,648.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 375,872 shares of the aerospace company's stock valued at $71,029,000 after purchasing an additional 354,374 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Huntington Ingalls Industries by 4,900.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 210,480 shares of the aerospace company's stock valued at $39,774,000 after purchasing an additional 206,271 shares in the last quarter. Earnest Partners LLC grew its stake in shares of Huntington Ingalls Industries by 32.6% in the 4th quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company's stock worth $157,216,000 after buying an additional 204,376 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in Huntington Ingalls Industries during the fourth quarter worth approximately $37,800,000. Institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Down 0.4%

NYSE HII traded down $0.98 during trading on Friday, reaching $254.37. 542,661 shares of the company's stock traded hands, compared to its average volume of 562,572. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $285.81. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.07 and a quick ratio of 0.99. The firm has a market cap of $9.98 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 1.56 and a beta of 0.31. The company's 50 day simple moving average is $235.40 and its two-hundred day simple moving average is $210.54.

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 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 firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the previous year, the business earned $3.87 EPS. The firm's revenue for the quarter was down 2.5% on a year-over-year basis. As a group, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date was Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.90%.

Analyst Ratings Changes

A number of brokerages recently issued reports on HII. Barclays raised their price target 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. 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 note on Thursday, May 15th. TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and lifted their price target for the stock from $250.00 to $300.00 in a research note on Thursday, July 10th. 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 report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $251.38.

Insiders Place Their Bets

In other news, VP Edmond E. Jr. Hughes sold 1,300 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total value of $301,483.00. Following the completion of the transaction, the vice president owned 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 filing with the SEC, which is available through the SEC website. Also, VP Chad N. Boudreaux sold 1,965 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total value of $449,867.10. Following the transaction, the vice president owned 21,228 shares in the company, valued at $4,859,938.32. This represents a 8.47% 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 valued at $1,207,207. 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.