Naples Global Advisors LLC Has $1.97 Million Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Naples Global Advisors LLC lifted its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 22.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,663 shares of the aerospace company's stock after purchasing an additional 1,781 shares during the quarter. Naples Global Advisors LLC's holdings in Huntington Ingalls Industries were worth $1,972,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Sentry Investment Management LLC acquired a new stake in shares of Huntington Ingalls Industries during the first quarter worth about $26,000. EverSource Wealth Advisors LLC raised its position in shares of Huntington Ingalls Industries by 503.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock worth $30,000 after purchasing an additional 131 shares during the period. Raiffeisen Bank International AG acquired a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth about $36,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth about $48,000. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth about $70,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Huntington Ingalls Industries Trading Down 0.1%

NYSE HII opened at $224.47 on Friday. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $285.81. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average of $219.22 and a 200-day moving average of $200.53. The company has a market cap of $8.81 billion, a PE ratio of 16.08, a PEG ratio of 1.15 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.80 billion. During the same period last year, the business earned $3.87 earnings per share. The firm's revenue was down 2.5% on a year-over-year basis. On average, equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $1.35 dividend. The ex-dividend date is Friday, May 30th. This represents a $5.40 annualized dividend and a dividend yield of 2.41%. Huntington Ingalls Industries's dividend payout ratio is presently 38.90%.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 1,300 shares of Huntington Ingalls Industries stock in a transaction on Wednesday, May 7th. The shares were 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 of the company's stock, valued at $2,221,929.71. The trade was a 11.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries stock in a transaction 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 transaction, the director now directly owns 17,485 shares of the company's stock, valued at approximately $4,066,661.30. This trade represents a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HII. Barclays lifted their target price on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. The Goldman Sachs Group lifted their target price on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a research report on Thursday, May 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $236.38.

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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