Harel Insurance Investments & Financial Services Ltd. Purchases 1,114 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Harel Insurance Investments & Financial Services Ltd. grew its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 37.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,068 shares of the aerospace company's stock after purchasing an additional 1,114 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in Huntington Ingalls Industries were worth $830,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HII. Sentry Investment Management LLC acquired a new position in Huntington Ingalls Industries during the first quarter worth $26,000. EverSource Wealth Advisors LLC increased its holdings in 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 buying an additional 131 shares during the last quarter. Raiffeisen Bank International AG acquired a new position in Huntington Ingalls Industries during the fourth quarter worth $36,000. Grove Bank & Trust acquired a new position in Huntington Ingalls Industries during the first quarter worth $61,000. Finally, Canada Post Corp Registered Pension Plan acquired a new position in Huntington Ingalls Industries during the fourth quarter worth $70,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Anastasi D. Kelly sold 1,960 shares of the business's stock in a transaction dated 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 sale, the director owned 17,485 shares of the company's stock, valued at approximately $4,066,661.30. The trade was a 10.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Chad N. Boudreaux sold 1,965 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were 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 directly owned 21,228 shares of the company's stock, valued at approximately $4,859,938.32. The trade was a 8.47% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,225 shares of company stock valued at $1,207,207. 0.86% of the stock is owned by company insiders.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock traded down $5.28 during trading on Tuesday, reaching $248.25. The company's stock had a trading volume of 560,191 shares, compared to its average volume of 559,329. The business's 50-day moving average price is $232.03 and its 200-day moving average price is $207.55. The firm has a market cap of $9.74 billion, a PE ratio of 17.89, a P/E/G ratio of 1.60 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $285.81. The company has a quick ratio of 0.99, a current ratio of 1.07 and a debt-to-equity ratio of 0.57.

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, beating analysts' consensus estimates of $2.90 by $0.89. The company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.80 billion. Huntington Ingalls Industries had a net margin of 4.76% and a return on equity of 12.26%. Huntington Ingalls Industries's quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.87 earnings per share. Equities analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a $1.35 dividend. The ex-dividend date was Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.18%. Huntington Ingalls Industries's payout ratio is presently 38.90%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. 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 report on Friday, May 2nd. Barclays upped 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 report on Monday, May 5th. 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 on the stock in a report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $236.38.

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.