Johnson Investment Counsel Inc. Takes Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Johnson Investment Counsel Inc. acquired a new position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,339 shares of the aerospace company's stock, valued at approximately $273,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Huntington Ingalls Industries by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company's stock worth $950,391,000 after acquiring an additional 14,988 shares during the period. Geode Capital Management LLC grew its position in Huntington Ingalls Industries by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company's stock worth $197,677,000 after purchasing an additional 29,670 shares during the period. Earnest Partners LLC raised its stake in Huntington Ingalls Industries by 32.6% during the 4th quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company's stock valued at $157,216,000 after buying an additional 204,376 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Huntington Ingalls Industries by 15.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 578,488 shares of the aerospace company's stock valued at $109,316,000 after buying an additional 77,718 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of 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 buying an additional 491,695 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HII. The Goldman Sachs Group increased their target price on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Barclays increased their price objective on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a research note 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 target price for the company in a research report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of "Hold" and an average target price of $236.38.

Huntington Ingalls Industries Stock Performance

HII opened at $234.07 on Monday. The company has a 50 day simple moving average of $226.51 and a two-hundred day simple moving average of $203.29. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.07 and a quick ratio of 0.99. The firm has a market cap of $9.18 billion, a P/E ratio of 16.86, a PEG ratio of 1.49 and a beta of 0.29. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $285.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued 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 4.76% and a return on equity of 12.26%. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the firm posted $3.87 EPS. Huntington Ingalls Industries's quarterly revenue was down 2.5% compared to the same quarter last year. Equities analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio is currently 38.90%.

Insider Activity at Huntington Ingalls Industries

In other news, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries stock in a transaction that occurred 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 sale, the director now owns 17,485 shares in the company, valued at $4,066,661.30. This trade represents a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total transaction of $301,483.00. Following the completion of the transaction, the vice president now directly owns 9,581 shares in the company, valued at $2,221,929.71. This trade represents a 11.95% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have 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 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.

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