Rhumbline Advisers Grows Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Rhumbline Advisers increased its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 7.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,248 shares of the aerospace company's stock after purchasing an additional 5,962 shares during the quarter. Rhumbline Advisers owned 0.21% of Huntington Ingalls Industries worth $16,986,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in HII. EverSource Wealth Advisors LLC raised its holdings in 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 acquired a new stake in shares of Huntington Ingalls Industries in the 4th quarter worth about $36,000. Wingate Wealth Advisors Inc. bought a new position in Huntington Ingalls Industries in the 4th quarter valued at about $48,000. Canada Post Corp Registered Pension Plan bought a new position in Huntington Ingalls Industries in the 4th quarter valued at about $70,000. Finally, SRS Capital Advisors Inc. grew its position in Huntington Ingalls Industries by 156.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock valued at $91,000 after buying an additional 294 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HII has been the topic of several recent research reports. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective on the stock in a research note on Thursday, May 15th. Barclays lifted their target price on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Finally, The Goldman Sachs Group increased their target price on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. One research 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. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $236.38.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 1,300 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total value of $301,483.00. Following the transaction, the vice president now directly owns 9,581 shares in the company, valued at $2,221,929.71. The trade was a 11.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Chad N. Boudreaux sold 1,965 shares of the business's stock in a transaction dated 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,225 shares of company stock valued at $1,207,207. 0.72% of the stock is owned by company insiders.

Huntington Ingalls Industries Price Performance

NYSE HII opened at $226.72 on Friday. The company has a 50 day moving average price of $219.71 and a two-hundred day moving average price of $200.85. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $285.81. The stock has a market capitalization of $8.90 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.15 and a beta of 0.29.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, topping analysts' consensus estimates of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.80 billion. During the same period in the previous year, the company earned $3.87 earnings per share. Huntington Ingalls Industries's revenue for the quarter was down 2.5% on a year-over-year basis. As a group, equities analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 38.90%.

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.

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