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

Principal Financial Group Inc. boosted its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 17.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 159,660 shares of the aerospace company's stock after purchasing an additional 23,883 shares during the quarter. Principal Financial Group Inc. owned about 0.41% of Huntington Ingalls Industries worth $32,577,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its stake in shares of 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 worth $726,000 after purchasing an additional 200 shares during the last quarter. Capital Investment Counsel Inc grew its stake in shares of Huntington Ingalls Industries by 13.2% in 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 last quarter. Teacher Retirement System of Texas acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter worth approximately $1,324,000. CarsonAllaria Wealth Management Ltd. increased its position in shares of Huntington Ingalls Industries by 21.5% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 379 shares of the aerospace company's stock worth $78,000 after acquiring an additional 67 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its position in shares of Huntington Ingalls Industries by 6.3% in the first quarter. DAVENPORT & Co LLC now owns 2,872 shares of the aerospace company's stock worth $586,000 after acquiring an additional 169 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Chad N. Boudreaux sold 1,965 shares of the company'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 transaction, the vice president directly owned 21,228 shares in the company, valued at approximately $4,859,938.32. This represents a 8.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries stock in a transaction 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 sale, the director owned 17,485 shares in the company, valued at $4,066,661.30. This represents a 10.08% decrease in their position. The disclosure for this sale can be found here. Over 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 insiders.

Huntington Ingalls Industries Stock Up 0.1%

Shares of HII traded up $0.15 during trading hours on Friday, hitting $258.26. 367,270 shares of the company were exchanged, compared to its average volume of 561,698. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.99 and a current ratio of 1.07. The company has a market cap of $10.13 billion, a PE ratio of 18.61, a PEG ratio of 1.59 and a beta of 0.31. The firm's 50 day moving average is $233.56 and its 200-day moving average is $208.76. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week 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 return on equity of 12.26% and a net margin of 4.76%. The firm 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 earned $3.87 earnings per share. The company's revenue was down 2.5% on a year-over-year basis. On average, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio (DPR) is 38.90%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and raised their price target for the stock from $250.00 to $300.00 in a report on Thursday. Alembic Global Advisors upgraded shares of 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. The Goldman Sachs Group raised their price target on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Barclays raised their price target on shares of 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 equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $251.38.

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.