Vaughan Nelson Investment Management L.P. Raises Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Vaughan Nelson Investment Management L.P. lifted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 57.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 300,705 shares of the aerospace company's stock after purchasing an additional 109,185 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.77% of Huntington Ingalls Industries worth $61,356,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at $2,056,000. Assetmark Inc. increased its stake in Huntington Ingalls Industries by 2,154.9% in the 4th quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock valued at $1,474,000 after buying an additional 7,456 shares during the last quarter. Northcape Wealth Management LLC bought a new stake in Huntington Ingalls Industries during the fourth quarter worth about $3,642,000. Essential Planning LLC. acquired a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $2,457,000. Finally, Integrated Quantitative Investments LLC acquired a new position in shares of Huntington Ingalls Industries during the 4th quarter worth about $283,000. Institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports 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 objective for the company in a research report on Thursday, May 15th. The Goldman Sachs Group increased their price objective on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, Barclays boosted their price target 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Huntington Ingalls Industries has a consensus rating of "Hold" and an average target price of $236.38.

Insider Transactions at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 1,965 shares of the company's stock in a transaction 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 completion of the sale, the vice president now owns 21,228 shares in the company, valued at $4,859,938.32. This represents a 8.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the company's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total transaction of $301,483.00. Following the completion of the sale, the vice president now directly owns 9,581 shares of the company's stock, valued at $2,221,929.71. The trade was a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,225 shares of company stock valued at $1,207,207 in the last 90 days. 0.86% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Trading Down 0.1%

NYSE:HII traded down $0.20 during trading hours on Wednesday, hitting $233.89. 305,802 shares of the company were exchanged, compared to its average volume of 546,729. The stock has a market capitalization of $9.18 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 1.45 and a beta of 0.29. The company has a fifty day simple moving average of $224.82 and a 200 day simple moving average of $202.34. 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 one year low of $158.88 and a one year 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 for the quarter, topping analysts' consensus estimates of $2.90 by $0.89. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.80 billion. Huntington Ingalls Industries had a net margin of 4.76% and a return on equity of 12.26%. Huntington Ingalls Industries's quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.87 earnings per share. Sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $1.35 per share. The ex-dividend date of this dividend 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.