National Bank of Canada FI Increases Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

National Bank of Canada FI increased its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 61.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,335 shares of the aerospace company's stock after purchasing an additional 11,214 shares during the quarter. National Bank of Canada FI owned 0.07% of Huntington Ingalls Industries worth $5,986,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC boosted its stake in Huntington Ingalls Industries by 2.5% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,124 shares of the aerospace company's stock valued at $433,000 after acquiring an additional 51 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Huntington Ingalls Industries by 12.2% during the 1st quarter. Farther Finance Advisors LLC now owns 514 shares of the aerospace company's stock valued at $104,000 after acquiring an additional 56 shares during the last quarter. HM Payson & Co. boosted its stake in Huntington Ingalls Industries by 71.9% during the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock valued at $31,000 after acquiring an additional 64 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in Huntington Ingalls Industries by 8.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 820 shares of the aerospace company's stock valued at $167,000 after acquiring an additional 65 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. boosted its stake in Huntington Ingalls Industries by 21.5% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 379 shares of the aerospace company's stock valued at $78,000 after acquiring an additional 67 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Price Performance

NYSE HII opened at $269.56 on Thursday. The business has a 50 day simple moving average of $249.85 and a 200 day simple moving average of $219.55. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $293.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08. The stock has a market cap of $10.58 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 1.63 and a beta of 0.33.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.23 by $0.63. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%. The business had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same period in the prior year, the business earned $4.38 EPS. Huntington Ingalls Industries's revenue for the quarter was up 3.5% compared to the same quarter last year. Analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.40 annualized dividend and a yield of 2.0%. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 40.42%.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries 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 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. The trade was a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.72% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. The Goldman Sachs Group increased their target price 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. Bank of America increased their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a report on Wednesday. Wall Street Zen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and increased their target price for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. Finally, Alembic Global Advisors raised shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a report on Thursday, May 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $267.00.

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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