IFM Investors Pty Ltd Raises Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

IFM Investors Pty Ltd increased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 23.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,514 shares of the aerospace company's stock after acquiring an additional 1,051 shares during the period. IFM Investors Pty Ltd's holdings in Huntington Ingalls Industries were worth $1,125,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Huntington Ingalls Industries by 2.5% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,124 shares of the aerospace company's stock worth $433,000 after buying an additional 51 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Huntington Ingalls Industries by 12.2% in the 1st quarter. Farther Finance Advisors LLC now owns 514 shares of the aerospace company's stock worth $104,000 after buying an additional 56 shares during the last quarter. Capital Advisors Ltd. LLC increased its holdings in shares of Huntington Ingalls Industries by 8.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 820 shares of the aerospace company's stock worth $167,000 after buying an additional 65 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Huntington Ingalls Industries by 0.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 11,930 shares of the aerospace company's stock worth $2,254,000 after buying an additional 66 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. increased its holdings in shares of Huntington Ingalls Industries by 21.5% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 379 shares of the aerospace company's stock worth $78,000 after buying an additional 67 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Performance

Shares of HII stock traded up $0.15 during trading hours on Friday, reaching $258.26. The company had a trading volume of 367,270 shares, compared to its average volume of 563,035. The business has a fifty day moving average price of $233.56 and a 200-day moving average price of $208.87. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $285.81. The firm has a market cap of $10.13 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 1.60 and a beta of 0.31. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.99 and a current ratio of 1.07.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, topping analysts' consensus estimates of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.76% and a return on equity of 12.26%. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the previous year, the business posted $3.87 earnings per share. The business's revenue for the quarter 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 disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, May 30th. Huntington Ingalls Industries's payout ratio is 38.90%.

Wall Street Analysts Forecast Growth

HII has been the topic of several recent research reports. 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 report on Thursday, May 15th. The Goldman Sachs Group increased their target price 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. TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and increased their target price for the company from $250.00 to $300.00 in a report on Thursday. Finally, Barclays increased 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 report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $251.38.

Insider Buying and Selling

In related news, VP Edmond E. Jr. Hughes sold 1,300 shares of the firm's stock in a transaction that occurred on 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 owned 9,581 shares of the company's stock, valued at approximately $2,221,929.71. This trade represents a 11.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Anastasi D. Kelly sold 1,960 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total transaction of $455,856.80. Following the completion of the transaction, the director directly owned 17,485 shares in the company, valued at approximately $4,066,661.30. The trade was a 10.08% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,225 shares of company stock valued at $1,207,207. 0.72% of the stock is owned by insiders.

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.