Sowell Financial Services LLC Purchases Shares of 1,211 Huntington Ingalls Industries, Inc. (NYSE:HII)

Sowell Financial Services LLC acquired a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,211 shares of the aerospace company's stock, valued at approximately $247,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HII. Sentry Investment Management LLC purchased a new stake in Huntington Ingalls Industries during the 1st quarter valued at about $26,000. EverSource Wealth Advisors LLC lifted its position 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 purchasing an additional 131 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of Huntington Ingalls Industries during the fourth quarter valued at approximately $36,000. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Huntington Ingalls Industries during the fourth quarter valued at approximately $70,000. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Huntington Ingalls Industries by 156.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock worth $91,000 after purchasing an additional 294 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Stock Down 0.1%

Shares of Huntington Ingalls Industries stock opened at $234.07 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.99 and a debt-to-equity ratio of 0.57. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $285.81. The company has a market cap of $9.18 billion, a P/E ratio of 16.86, a PEG ratio of 1.49 and a beta of 0.29. The company's fifty day simple moving average is $226.51 and its two-hundred day simple moving average is $203.29.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.80 billion. During the same quarter in the previous year, the company earned $3.87 earnings per share. Huntington Ingalls Industries's quarterly revenue was down 2.5% on a year-over-year basis. Research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced 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. 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 dividend payout ratio (DPR) is 38.90%.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Anastasi D. Kelly sold 1,960 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total value of $455,856.80. Following the sale, the director now owns 17,485 shares in the company, valued at approximately $4,066,661.30. This represents a 10.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, the vice president now directly owns 21,228 shares of the company's stock, valued at $4,859,938.32. This represents a 8.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,225 shares of company stock valued at $1,207,207. Corporate insiders own 0.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. 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. Barclays boosted 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. 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 report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $236.38.

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.

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