Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Acquired by Raymond James & Associates

Raymond James & Associates lifted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII – Get Rating) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,542 shares of the aerospace company’s stock after acquiring an additional 817 shares during the period. Raymond James & Associates owned about 0.15% of Huntington Ingalls Industries worth $13,505,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Teza Capital Management LLC bought a new position in Huntington Ingalls Industries during the 3rd quarter worth $349,000. Metis Global Partners LLC grew its stake in shares of Huntington Ingalls Industries by 122.0% in the fourth quarter. Metis Global Partners LLC now owns 4,842 shares of the aerospace company’s stock worth $1,117,000 after purchasing an additional 2,661 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Huntington Ingalls Industries by 15.7% in the third quarter. Prudential Financial Inc. now owns 40,128 shares of the aerospace company’s stock worth $8,939,000 after purchasing an additional 5,452 shares in the last quarter. Strs Ohio grew its stake in shares of Huntington Ingalls Industries by 30.2% in the fourth quarter. Strs Ohio now owns 11,170 shares of the aerospace company’s stock worth $2,576,000 after purchasing an additional 2,594 shares in the last quarter. Finally, Empirical Finance LLC bought a new position in shares of Huntington Ingalls Industries in the third quarter worth $214,000. 86.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Credit Suisse Group decreased their price target on Huntington Ingalls Industries from $244.00 to $230.00 and set a “neutral” rating for the company in a research note on Friday, February 10th. StockNews.com cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Sanford C. Bernstein decreased their target price on Huntington Ingalls Industries from $247.00 to $236.00 and set a “market perform” rating for the company in a research note on Monday, February 13th. Finally, TheStreet raised Huntington Ingalls Industries from a “c+” rating to a “b-” rating in a research note on Wednesday, March 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average target price of $245.86.

Huntington Ingalls Industries Trading Down 0.5 %

NYSE:HII opened at $196.47 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.70. Huntington Ingalls Industries, Inc. has a 1-year low of $188.51 and a 1-year high of $260.02. The firm has a market capitalization of $7.84 billion, a price-to-earnings ratio of 13.86 and a beta of 0.63. The stock has a fifty day simple moving average of $204.36 and a 200 day simple moving average of $219.15.

Huntington Ingalls Industries (NYSE:HII – Get Rating) last released its quarterly earnings results on Thursday, May 4th. The aerospace company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.23. Huntington Ingalls Industries had a return on equity of 17.41% and a net margin of 5.27%. The business had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same quarter last year, the company posted $3.50 EPS. Huntington Ingalls Industries’s revenue for the quarter was up 3.8% on a year-over-year basis. Sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 14.56 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 26th will be given a dividend of $1.24 per share. The ex-dividend date of this dividend is Thursday, May 25th. This represents a $4.96 dividend on an annualized basis and a yield of 2.52%. Huntington Ingalls Industries’s payout ratio is presently 34.98%.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 500 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $198.13, for a total transaction of $99,065.00. Following the completion of the sale, the vice president now directly owns 20,820 shares in the company, valued at approximately $4,125,066.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP D R. Wyatt sold 500 shares of Huntington Ingalls Industries stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $198.13, for a total transaction of $99,065.00. Following the completion of the sale, the vice president now directly owns 20,820 shares in the company, valued at approximately $4,125,066.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Anastasi D. Kelly sold 3,662 shares of Huntington Ingalls Industries stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $222.41, for a total value of $814,465.42. Following the sale, the director now owns 351 shares of the company’s stock, valued at $78,065.91. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,424 shares of company stock worth $1,621,296. 2.30% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Profile

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Huntington Ingalls Industries, Inc engages in the shipbuilding business. It operates through the following business segments: Ingalls, Newport News, and Mission Technologies. The Ingalls segment designs and constructs non-nuclear ships, including amphibious assault ships, expeditionary warfare ships, surface combatants, and national security cutters (NSC).