Personal CFO Solutions LLC Acquires New Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Personal CFO Solutions LLC acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,061 shares of the aerospace company's stock, valued at approximately $217,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sentry Investment Management LLC bought a new position in shares of Huntington Ingalls Industries in the first quarter valued at $26,000. EverSource Wealth Advisors LLC increased its holdings 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 buying an additional 131 shares in the last quarter. HM Payson & Co. increased its holdings in shares of Huntington Ingalls Industries by 71.9% in the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock valued at $31,000 after buying an additional 64 shares in the last quarter. Raiffeisen Bank International AG bought a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at $36,000. Finally, Grove Bank & Trust bought a new position in shares of Huntington Ingalls Industries in the first quarter valued at $61,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Anastasi D. Kelly sold 1,960 shares of the business's stock in a transaction that occurred 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 owned 17,485 shares of the company's stock, valued at $4,066,661.30. The trade was a 10.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $449,867.10. Following the completion of the sale, the vice president owned 21,228 shares of the company's stock, valued at approximately $4,859,938.32. This represents a 8.47% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,225 shares of company stock valued at $1,207,207. 0.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HII. TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and increased their target price for the company from $250.00 to $300.00 in a report on Thursday. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price for the company in a report on Thursday, May 15th. Barclays increased their target price on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Finally, The Goldman Sachs Group increased their target price on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of "Hold" and a consensus price target of $251.38.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock traded up $0.15 during midday trading on Friday, reaching $258.26. The company had a trading volume of 367,270 shares, compared to its average volume of 563,035. The company has a current ratio of 1.07, a quick ratio of 0.99 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $10.13 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 1.60 and a beta of 0.31. The stock has a fifty day simple moving average of $233.56 and a 200 day simple moving average of $208.87. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $285.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, topping analysts' consensus estimates of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.76% and a return on equity of 12.26%. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the business earned $3.87 EPS. The business's quarterly revenue was down 2.5% compared to the same quarter last year. As a group, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $1.35 dividend. The ex-dividend date was Friday, May 30th. This represents a $5.40 annualized dividend and a yield of 2.09%. Huntington Ingalls Industries's dividend payout ratio is currently 38.90%.

Huntington Ingalls Industries Company 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.