Huntington Ingalls Industries, Inc. (NYSE:HII) Stock Holdings Lifted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 122.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,430 shares of the aerospace company's stock after acquiring an additional 12,366 shares during the period. Oppenheimer Asset Management Inc. owned about 0.06% of Huntington Ingalls Industries worth $4,577,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of HII. GAMMA Investing LLC lifted its stake in Huntington Ingalls Industries by 75,182.7% in the 1st quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company's stock worth $1,004,590,000 after acquiring an additional 491,695 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Huntington Ingalls Industries by 1,648.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 375,872 shares of the aerospace company's stock worth $71,029,000 after purchasing an additional 354,374 shares in the last quarter. River Road Asset Management LLC purchased a new stake in shares of Huntington Ingalls Industries in the fourth quarter worth approximately $65,215,000. Diamond Hill Capital Management Inc. lifted its position in shares of Huntington Ingalls Industries by 132.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company's stock worth $79,387,000 after purchasing an additional 239,688 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Huntington Ingalls Industries by 4,900.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 210,480 shares of the aerospace company's stock worth $39,774,000 after purchasing an additional 206,271 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 1,965 shares of Huntington Ingalls Industries stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total value of $449,867.10. Following the transaction, the vice president now owns 21,228 shares in the company, valued at $4,859,938.32. This trade represents a 8.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Anastasi D. Kelly sold 1,960 shares of the stock in a transaction that occurred on 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 now directly owns 17,485 shares of the company's stock, valued at $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 have sold a total of 5,225 shares of company stock worth $1,207,207 over the last 90 days. Insiders own 0.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barclays increased their price target on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target on the stock in a report on Thursday, May 15th. Finally, The Goldman Sachs Group boosted their price target 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. One 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 data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $236.38.

Huntington Ingalls Industries Price Performance

Shares of HII opened at $231.84 on Wednesday. The firm has a market cap of $9.10 billion, a PE ratio of 16.70, a PEG ratio of 1.50 and a beta of 0.29. The firm's 50 day moving average price is $227.14 and its 200 day moving average price is $203.83. 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 twelve month low of $158.88 and a twelve month high of $285.81.

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

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.40 annualized dividend and a yield of 2.33%. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 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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