Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 123.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,983 shares of the aerospace company's stock after acquiring an additional 5,520 shares during the period. State of Alaska Department of Revenue's holdings in Huntington Ingalls Industries were worth $2,036,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC lifted its holdings in Huntington Ingalls Industries by 2.5% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,124 shares of the aerospace company's stock worth $433,000 after purchasing an additional 51 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Huntington Ingalls Industries by 12.2% during the first quarter. Farther Finance Advisors LLC now owns 514 shares of the aerospace company's stock valued at $104,000 after buying an additional 56 shares during the last quarter. Capital Advisors Ltd. LLC lifted its holdings in shares of Huntington Ingalls Industries by 8.6% in the first quarter. Capital Advisors Ltd. LLC now owns 820 shares of the aerospace company's stock worth $167,000 after buying an additional 65 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Huntington Ingalls Industries by 0.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 11,930 shares of the aerospace company's stock worth $2,254,000 after buying an additional 66 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of Huntington Ingalls Industries by 9.8% during the fourth quarter. Covestor Ltd now owns 815 shares of the aerospace company's stock worth $154,000 after acquiring an additional 73 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Insider Transactions at Huntington Ingalls Industries

In related news, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total value of $455,856.80. Following the completion of the transaction, the director now owns 17,485 shares in the company, valued at $4,066,661.30. The trade was a 10.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Chad N. Boudreaux sold 1,965 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total value of $449,867.10. Following the transaction, the vice president now owns 21,228 shares in the company, valued at $4,859,938.32. This trade represents a 8.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,225 shares of company stock worth $1,207,207 over the last quarter. 0.72% of the stock is currently owned by insiders.

Huntington Ingalls Industries Stock Up 1.7%

HII stock traded up $3.88 on Wednesday, hitting $235.51. 612,744 shares of the company's stock were exchanged, compared to its average volume of 553,713. 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 cap of $9.24 billion, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 1.47 and a beta of 0.29. 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 firm has a 50 day moving average price of $227.53 and a two-hundred day moving average price of $204.05.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued 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 company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the business posted $3.87 EPS. The firm's quarterly revenue was down 2.5% on a year-over-year basis. As a group, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Friday, May 30th. Huntington Ingalls Industries's payout ratio is 38.90%.

Wall Street Analysts Forecast Growth

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