Fifth Third Bancorp Increases Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Fifth Third Bancorp boosted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 25.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,757 shares of the aerospace company's stock after purchasing an additional 1,963 shares during the quarter. Fifth Third Bancorp's holdings in Huntington Ingalls Industries were worth $1,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of HII. Sentry Investment Management LLC purchased a new position in shares of Huntington Ingalls Industries during the first quarter worth approximately $26,000. EverSource Wealth Advisors LLC raised its stake in shares of Huntington Ingalls Industries by 503.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock worth $30,000 after acquiring an additional 131 shares in the last quarter. Raiffeisen Bank International AG purchased a new position in shares of Huntington Ingalls Industries during the fourth quarter worth approximately $36,000. Canada Post Corp Registered Pension Plan purchased a new position in shares of Huntington Ingalls Industries during the fourth quarter worth approximately $70,000. Finally, SRS Capital Advisors Inc. raised its stake in shares of 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 acquiring an additional 294 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on HII shares. The Goldman Sachs Group lifted their price target on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Alembic Global Advisors upgraded 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, Barclays raised 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 report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, Huntington Ingalls Industries currently has an average rating of "Hold" and an average target price of $236.38.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 1,965 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total transaction of $449,867.10. Following the completion of 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 through this hyperlink. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the business's 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 sale, the vice president now owns 9,581 shares of the company's stock, valued at approximately $2,221,929.71. This represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,225 shares of company stock valued at $1,207,207. 0.72% of the stock is owned by insiders.

Huntington Ingalls Industries Price Performance

HII opened at $232.59 on Monday. The stock has a 50-day moving average price of $223.31 and a 200-day moving average price of $201.90. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. The firm has a market cap of $9.13 billion, a PE ratio of 16.66, a P/E/G ratio of 1.15 and a beta of 0.29. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $285.81.

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

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio (DPR) is 38.90%.

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.

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