First Hawaiian Bank Acquires 1,182 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

First Hawaiian Bank boosted its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 22.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 6,494 shares of the aerospace company's stock after acquiring an additional 1,182 shares during the period. First Hawaiian Bank's holdings in Huntington Ingalls Industries were worth $1,325,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in Huntington Ingalls Industries by 503.8% during 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 bought a new position in shares of Huntington Ingalls Industries in the 4th quarter worth about $36,000. Wingate Wealth Advisors Inc. bought a new stake in Huntington Ingalls Industries in the 4th quarter valued at about $48,000. Canada Post Corp Registered Pension Plan bought a new stake in Huntington Ingalls Industries in the 4th quarter valued at about $70,000. Finally, SRS Capital Advisors Inc. increased its stake in Huntington Ingalls Industries by 156.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock valued at $91,000 after buying an additional 294 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on HII. Barclays raised their target price on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a research note 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 report on Thursday, May 15th. Finally, The Goldman Sachs Group raised their price target 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. One 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 MarketBeat, Huntington Ingalls Industries has a consensus rating of "Hold" and an average price target of $236.38.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock traded down $1.27 on Wednesday, hitting $226.69. The company's stock had a trading volume of 116,134 shares, compared to its average volume of 537,000. The firm has a market cap of $8.90 billion, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 1.15 and a beta of 0.31. 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 company has a fifty day moving average price of $218.42 and a 200-day moving average price of $200.17. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $285.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted 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 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 prior year, the firm earned $3.87 EPS. The firm's quarterly revenue was down 2.5% compared to the same quarter last year. On average, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.40 annualized dividend and a yield of 2.38%. Huntington Ingalls Industries's dividend payout ratio (DPR) is 38.90%.

Insider Buying and Selling

In other Huntington Ingalls Industries news, Director Anastasi D. Kelly sold 1,960 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total transaction of $455,856.80. Following the transaction, the director now directly owns 17,485 shares in the company, valued at approximately $4,066,661.30. This represents a 10.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the transaction, the chief accounting officer now owns 2,884 shares in the company, valued at approximately $546,691.04. The trade was a 20.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,010 shares of company stock worth $899,510 in the last 90 days. Corporate insiders own 0.72% of the company's stock.

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.