Principal Financial Group Inc. Has $32.58 Million Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Principal Financial Group Inc. raised its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 17.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 159,660 shares of the aerospace company's stock after acquiring an additional 23,883 shares during the quarter. Principal Financial Group Inc. owned 0.41% of Huntington Ingalls Industries worth $32,577,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its holdings in Huntington Ingalls Industries by 6.0% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 3,560 shares of the aerospace company's stock valued at $726,000 after purchasing an additional 200 shares in the last quarter. Capital Investment Counsel Inc grew its holdings in shares of Huntington Ingalls Industries by 13.2% during the 1st quarter. Capital Investment Counsel Inc now owns 20,963 shares of the aerospace company's stock worth $4,277,000 after purchasing an additional 2,445 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of Huntington Ingalls Industries during the 1st quarter worth about $1,324,000. CarsonAllaria Wealth Management Ltd. grew its holdings in shares of Huntington Ingalls Industries by 21.5% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 379 shares of the aerospace company's stock worth $78,000 after purchasing an additional 67 shares during the period. Finally, DAVENPORT & Co LLC grew its holdings in shares of Huntington Ingalls Industries by 6.3% during the 1st quarter. DAVENPORT & Co LLC now owns 2,872 shares of the aerospace company's stock worth $586,000 after purchasing an additional 169 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Huntington Ingalls Industries

In other news, VP Edmond E. Jr. Hughes sold 1,300 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total transaction of $301,483.00. Following the sale, the vice president owned 9,581 shares in the company, valued at approximately $2,221,929.71. This represents a 11.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Chad N. Boudreaux sold 1,965 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total value of $449,867.10. Following the completion of the transaction, the vice president owned 21,228 shares in the company, 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. Insiders sold a total of 5,225 shares of company stock worth $1,207,207 over the last three months. 0.86% of the stock is currently owned by insiders.

Huntington Ingalls Industries Stock Performance

Shares of HII stock traded down $0.26 on Wednesday, hitting $247.69. 12,501 shares of the stock traded hands, compared to its average volume of 557,198. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.07 and a quick ratio of 0.99. The company has a market capitalization of $9.72 billion, a PE ratio of 17.85, a PEG ratio of 1.60 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $285.81. The company's fifty day moving average is $232.03 and its 200 day moving average is $207.55.

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

Huntington Ingalls Industries Dividend Announcement

The business 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 of this dividend was Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a yield of 2.18%. Huntington Ingalls Industries's payout ratio is currently 38.90%.

Analysts Set New Price Targets

HII has been the subject of a number of research reports. The Goldman Sachs Group boosted their target price on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target for the company in a report on Thursday, May 15th. Finally, Barclays upped their price target on Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of "Hold" and a consensus price target of $236.38.

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.