SG Americas Securities LLC Buys New Shares in Huntington Ingalls Industries, Inc. (NYSE:HII)

SG Americas Securities LLC acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,338 shares of the aerospace company's stock, valued at approximately $885,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HII. Asset Management One Co. Ltd. boosted its stake in Huntington Ingalls Industries by 1.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 14,940 shares of the aerospace company's stock worth $2,845,000 after buying an additional 231 shares during the last quarter. Rhumbline Advisers boosted its stake in Huntington Ingalls Industries by 0.8% during the fourth quarter. Rhumbline Advisers now owns 77,286 shares of the aerospace company's stock worth $14,605,000 after buying an additional 594 shares during the last quarter. Principal Securities Inc. boosted its stake in Huntington Ingalls Industries by 50.8% during the fourth quarter. Principal Securities Inc. now owns 5,289 shares of the aerospace company's stock worth $1,000,000 after buying an additional 1,781 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in Huntington Ingalls Industries by 1.5% during the fourth quarter. Sanctuary Advisors LLC now owns 5,060 shares of the aerospace company's stock worth $989,000 after buying an additional 75 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Huntington Ingalls Industries by 12.4% during the fourth quarter. CIBC Asset Management Inc now owns 6,468 shares of the aerospace company's stock worth $1,222,000 after buying an additional 715 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on HII. Alembic Global Advisors raised 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 report on Monday, May 5th. Finally, The Goldman Sachs Group lifted their target price on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $236.38.

Insider Activity

In other news, VP Edmond E. Jr. Hughes sold 1,300 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total value of $301,483.00. Following the completion of the transaction, the vice president now owns 9,581 shares of the company's stock, valued at approximately $2,221,929.71. This trade represents a 11.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Chad N. Boudreaux sold 1,965 shares of the firm's stock in a transaction that occurred 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 transaction, the vice president now directly owns 21,228 shares of the company's stock, valued at approximately $4,859,938.32. The trade was a 8.47% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,225 shares of company stock valued at $1,207,207. 0.72% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Trading Down 0.1%

NYSE:HII traded down $0.14 on Friday, reaching $234.07. The company's stock had a trading volume of 1,555,654 shares, compared to its average volume of 553,617. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $285.81. The company has a quick ratio of 0.99, a current ratio of 1.07 and a debt-to-equity ratio of 0.57. The firm has a market cap of $9.18 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 1.48 and a beta of 0.29. The stock has a 50 day moving average price of $226.15 and a 200 day moving average price of $202.83.

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, beating 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 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 firm posted $3.87 earnings per share. The company's revenue was down 2.5% on a year-over-year basis. On average, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $1.35 dividend. The ex-dividend date was Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.31%. Huntington Ingalls Industries's payout ratio is presently 38.90%.

About Huntington Ingalls Industries

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.