Pettee Investors Inc. Has $1.62 Million Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Pettee Investors Inc. boosted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 17.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,952 shares of the aerospace company's stock after purchasing an additional 1,180 shares during the period. Pettee Investors Inc.'s holdings in Huntington Ingalls Industries were worth $1,623,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Sentry Investment Management LLC bought a new position in shares of Huntington Ingalls Industries during the first quarter valued at approximately $26,000. EverSource Wealth Advisors LLC raised its holdings 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 last quarter. HM Payson & Co. raised its holdings in shares of Huntington Ingalls Industries by 71.9% during the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock worth $31,000 after purchasing an additional 64 shares during the last quarter. Park Square Financial Group LLC purchased a new position in Huntington Ingalls Industries in the first quarter valued at $31,000. Finally, Raiffeisen Bank International AG purchased a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth about $36,000. 90.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 1,965 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anastasi D. Kelly sold 1,960 shares of the firm'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 directly owned 17,485 shares of the company's stock, valued at $4,066,661.30. This represents a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,225 shares of company stock worth $1,207,207. Company insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Stock Up 0.6%

NYSE HII traded up $1.56 during trading on Thursday, reaching $255.38. The company's stock had a trading volume of 322,791 shares, compared to its average volume of 562,651. 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 stock has a market capitalization of $10.02 billion, a PE ratio of 18.40, a PEG ratio of 1.56 and a beta of 0.31. The business has a 50-day moving average price of $235.40 and a 200-day moving average price of $210.54. 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 announced its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (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 business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the firm posted $3.87 earnings per share. Huntington Ingalls Industries's revenue was down 2.5% compared to the same quarter last year. On average, research analysts forecast 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 announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $1.35 per share. The ex-dividend date was Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a yield of 2.11%. Huntington Ingalls Industries's payout ratio is presently 38.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Barclays increased their price objective on shares of 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. 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 research report on Thursday, May 15th. Finally, TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and raised their price objective for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $251.38.

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.