National Bank of Canada FI Buys 11,214 Shares of Huntington Ingalls Industries, Inc. $HII

National Bank of Canada FI increased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 61.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,335 shares of the aerospace company's stock after buying an additional 11,214 shares during the quarter. National Bank of Canada FI owned about 0.07% of Huntington Ingalls Industries worth $5,986,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sentry Investment Management LLC bought a new position in Huntington Ingalls Industries during the 1st quarter valued at $26,000. 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 purchasing an additional 64 shares in the last quarter. Park Square Financial Group LLC bought a new position in Huntington Ingalls Industries during the 1st quarter valued at $31,000. Raiffeisen Bank International AG bought a new position in Huntington Ingalls Industries during the 4th quarter valued at $36,000. Finally, Grove Bank & Trust bought a new position in Huntington Ingalls Industries during the 1st quarter valued at $61,000. 90.46% of the stock is owned by institutional investors.

Insider Activity at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 1,965 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total value of $449,867.10. Following the completion of the sale, the vice president owned 21,228 shares of the company's stock, valued at $4,859,938.32. This trade represents a 8.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.72% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target for the company in a research note on Thursday, May 15th. TD Cowen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating and increased their price target for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. Bank of America increased their price target on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an "underperform" rating in a research note on Wednesday, August 13th. The Goldman Sachs Group raised their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, Wall Street Zen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $267.00.

Huntington Ingalls Industries Trading Up 0.9%

HII stock traded up $2.52 during mid-day trading on Monday, reaching $268.77. 85,946 shares of the stock traded hands, compared to its average volume of 635,597. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $293.14. The company has a market cap of $10.55 billion, a P/E ratio of 20.12, a P/E/G ratio of 1.57 and a beta of 0.33. The stock's fifty day moving average is $251.49 and its 200-day moving average is $220.84.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its earnings results on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, topping the consensus estimate of $3.23 by $0.63. The business had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $2.94 billion. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%. Huntington Ingalls Industries's revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $4.38 earnings per share. As a group, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, August 29th. Huntington Ingalls Industries's dividend payout ratio (DPR) is 40.42%.

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.