Investment Management Associates Inc. ADV Increases Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Investment Management Associates Inc. ADV raised its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 2.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 113,151 shares of the aerospace company's stock after purchasing an additional 3,044 shares during the period. Huntington Ingalls Industries accounts for 9.4% of Investment Management Associates Inc. ADV's portfolio, making the stock its 4th largest position. Investment Management Associates Inc. ADV owned approximately 0.29% of Huntington Ingalls Industries worth $23,087,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Generali Asset Management SPA SGR bought a new position in Huntington Ingalls Industries in the 4th quarter valued at approximately $2,056,000. Essential Planning LLC. bought a new stake in Huntington Ingalls Industries in the 4th quarter worth about $2,457,000. Integrated Quantitative Investments LLC bought a new stake in Huntington Ingalls Industries in the 4th quarter worth about $283,000. Allstate Corp bought a new stake in Huntington Ingalls Industries in the 4th quarter worth about $237,000. Finally, GAMMA Investing LLC lifted its position in Huntington Ingalls Industries by 269.0% during the first quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company's stock valued at $492,000 after purchasing an additional 1,759 shares during the period. Institutional investors own 90.46% of the company's stock.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 1,965 shares of the company's 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 completion of the transaction, the vice president directly owned 21,228 shares in the company, valued at $4,859,938.32. This represents a 8.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total transaction of $455,856.80. Following the completion of the sale, the director owned 17,485 shares in the company, valued at approximately $4,066,661.30. This represents a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,225 shares of company stock worth $1,207,207 in the last three months. 0.72% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HII shares. 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 research report on Thursday, May 15th. Barclays lifted their price objective on Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. The Goldman Sachs Group lifted their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, TD Cowen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $250.00 to $300.00 in a report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $251.38.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII traded up $0.15 during trading on Friday, hitting $258.26. The company had a trading volume of 367,270 shares, compared to its average volume of 561,698. The stock has a 50 day simple moving average of $233.56 and a 200 day simple moving average of $208.76. 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, Inc. has a 12 month low of $158.88 and a 12 month high of $285.81. The firm has a market capitalization of $10.13 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 1.59 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, beating analysts' consensus estimates of $2.90 by $0.89. The business had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.80 billion. Huntington Ingalls Industries had a return on equity of 12.26% and a net margin of 4.76%. The business's quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the firm earned $3.87 earnings per share. As a group, analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $1.35 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.40 annualized dividend and a yield of 2.09%. Huntington Ingalls Industries's payout ratio is 38.90%.

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.