Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 120.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,757 shares of the aerospace company's stock after purchasing an additional 3,142 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Huntington Ingalls Industries were worth $1,175,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HII. Sentry Investment Management LLC purchased a new position in shares of Huntington Ingalls Industries in the first quarter valued at approximately $26,000. EverSource Wealth Advisors LLC lifted its position in shares of Huntington Ingalls Industries by 503.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock valued at $30,000 after acquiring an additional 131 shares in the last quarter. Raiffeisen Bank International AG purchased a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $36,000. Grove Bank & Trust purchased a new position in shares of Huntington Ingalls Industries in the first quarter valued at approximately $61,000. Finally, Canada Post Corp Registered Pension Plan purchased a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $70,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Edmond E. Jr. Hughes sold 1,300 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total value of $301,483.00. Following the sale, the vice president now owns 9,581 shares in the company, valued at $2,221,929.71. This represents a 11.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Chad N. Boudreaux sold 1,965 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total value of $449,867.10. Following the sale, the vice president now owns 21,228 shares in the company, valued at approximately $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 a total of 5,225 shares of company stock worth $1,207,207 in the last quarter. Company insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Stock Performance

HII traded down $0.87 on Friday, hitting $238.96. 515,986 shares of the company traded hands, compared to its average volume of 555,314. The company has a 50 day moving average of $228.34 and a 200-day moving average of $204.79. The company has a quick ratio of 0.99, a current ratio of 1.07 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $9.38 billion, a PE ratio of 17.22, a PEG ratio of 1.51 and a beta of 0.29. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $285.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, beating the consensus estimate of $2.90 by $0.89. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.80 billion. Huntington Ingalls Industries had a return on equity of 12.26% and a net margin of 4.76%. The firm's revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $3.87 EPS. Sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio is currently 38.90%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Barclays raised 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 raised 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 upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective on the stock in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus 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.