Wealth Enhancement Advisory Services LLC Has $51.46 Million Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Wealth Enhancement Advisory Services LLC trimmed its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 1.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 252,193 shares of the aerospace company's stock after selling 4,320 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.64% of Huntington Ingalls Industries worth $51,457,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in HII. Asset Management One Co. Ltd. raised its position in shares of Huntington Ingalls Industries by 1.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 14,940 shares of the aerospace company's stock valued at $2,845,000 after purchasing an additional 231 shares in the last quarter. Rhumbline Advisers raised its position in shares of Huntington Ingalls Industries by 0.8% in the 4th quarter. Rhumbline Advisers now owns 77,286 shares of the aerospace company's stock valued at $14,605,000 after purchasing an additional 594 shares in the last quarter. Principal Securities Inc. raised its position in shares of Huntington Ingalls Industries by 50.8% in the 4th quarter. Principal Securities Inc. now owns 5,289 shares of the aerospace company's stock valued at $1,000,000 after purchasing an additional 1,781 shares in the last quarter. Sanctuary Advisors LLC raised its position in shares of Huntington Ingalls Industries by 1.5% in the 4th quarter. Sanctuary Advisors LLC now owns 5,060 shares of the aerospace company's stock valued at $989,000 after purchasing an additional 75 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Huntington Ingalls Industries by 12.4% during the 4th quarter. CIBC Asset Management Inc now owns 6,468 shares of the aerospace company's stock valued at $1,222,000 after acquiring an additional 715 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 1,965 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total value of $449,867.10. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Anastasi D. Kelly sold 1,960 shares of the firm's 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 sale, the director now owns 17,485 shares of the company's stock, valued at $4,066,661.30. The trade was a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,225 shares of company stock valued at $1,207,207 over the last 90 days. 0.86% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HII has been the topic of several research reports. Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target on the stock in a research report on Thursday, May 15th. The Goldman Sachs Group upped their price target 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. Finally, Barclays increased their target price on Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Huntington Ingalls Industries has an average rating of "Hold" and an average target price of $236.38.

Huntington Ingalls Industries Stock Performance

Shares of HII traded up $2.81 during trading hours on Monday, reaching $237.35. 495,206 shares of the company's stock traded hands, compared to its average volume of 552,090. The firm has a market capitalization of $9.31 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 1.49 and a beta of 0.29. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.07 and a quick ratio of 0.99. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $285.81. The business's fifty day simple moving average is $226.87 and its two-hundred day simple moving average is $203.64.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, beating analysts' consensus estimates of $2.90 by $0.89. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.80 billion. Huntington Ingalls Industries had a return on equity of 12.26% and a net margin of 4.76%. The company's quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the company earned $3.87 earnings per share. Analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.40 annualized dividend and a yield of 2.28%. Huntington Ingalls Industries's dividend payout ratio is currently 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.