Larson Financial Group LLC Grows Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Larson Financial Group LLC raised its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 87.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,907 shares of the aerospace company's stock after acquiring an additional 1,357 shares during the quarter. Larson Financial Group LLC's holdings in Huntington Ingalls Industries were worth $593,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sentry Investment Management LLC acquired a new stake in Huntington Ingalls Industries in the 1st quarter valued at about $26,000. Park Square Financial Group LLC purchased a new stake in shares of Huntington Ingalls Industries in the first quarter valued at about $31,000. HM Payson & Co. increased its position in Huntington Ingalls Industries by 71.9% during the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock worth $31,000 after purchasing an additional 64 shares during the last quarter. 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. Finally, Raiffeisen Bank International AG bought a new position in shares of Huntington Ingalls Industries in the 4th quarter worth about $36,000. 90.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HII. TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and lifted their target price for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. Barclays lifted their price target 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 price target 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 investment 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. According to MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of "Hold" and an average price target of $251.38.

Huntington Ingalls Industries Price Performance

NYSE:HII opened at $255.38 on Friday. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $285.81. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.99 and a current ratio of 1.07. The stock has a 50 day moving average price of $235.40 and a 200 day moving average price of $210.54. The stock has a market cap of $10.02 billion, a PE ratio of 18.40, a P/E/G ratio of 1.56 and a beta of 0.31.

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 for the quarter, topping analysts' consensus estimates of $2.90 by $0.89. Huntington Ingalls Industries had a return on equity of 12.26% and a net margin of 4.76%. The business had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.80 billion. During the same quarter in the prior year, the firm posted $3.87 EPS. The company's revenue was down 2.5% compared to the same quarter last year. Equities research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS 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. Stockholders of record on Friday, May 30th were issued a $1.35 dividend. The ex-dividend date was Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.11%. Huntington Ingalls Industries's payout ratio is currently 38.90%.

Insiders Place Their Bets

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 value of $455,856.80. Following the completion of the transaction, the director owned 17,485 shares in the company, valued at approximately $4,066,661.30. The trade was a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Chad N. Boudreaux sold 1,965 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total transaction of $449,867.10. Following the completion of the transaction, the vice president directly owned 21,228 shares of the company's stock, valued at $4,859,938.32. This trade represents a 8.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,225 shares of company stock valued at $1,207,207 over the last three months. 0.72% of the stock is currently owned by insiders.

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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