722 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Acquired by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HIIFree Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 722 shares of the aerospace company’s stock, valued at approximately $210,000.

Other large investors have also added to or reduced their stakes in the company. Van ECK Associates Corp lifted its stake in Huntington Ingalls Industries by 5,658.6% during the fourth quarter. Van ECK Associates Corp now owns 684,235 shares of the aerospace company’s stock worth $177,655,000 after purchasing an additional 672,353 shares during the last quarter. TD Asset Management Inc lifted its stake in Huntington Ingalls Industries by 745.3% during the fourth quarter. TD Asset Management Inc now owns 100,569 shares of the aerospace company’s stock worth $26,112,000 after purchasing an additional 88,671 shares during the last quarter. Epoch Investment Partners Inc. lifted its stake in Huntington Ingalls Industries by 48.7% during the fourth quarter. Epoch Investment Partners Inc. now owns 250,469 shares of the aerospace company’s stock worth $65,032,000 after purchasing an additional 82,028 shares during the last quarter. Copeland Capital Management LLC lifted its stake in Huntington Ingalls Industries by 2,689.4% during the fourth quarter. Copeland Capital Management LLC now owns 80,587 shares of the aerospace company’s stock worth $20,924,000 after purchasing an additional 77,698 shares during the last quarter. Finally, Prevatt Capital Ltd bought a new stake in Huntington Ingalls Industries during the fourth quarter worth $15,578,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Down 0.4 %

Shares of HII opened at $241.93 on Wednesday. Huntington Ingalls Industries, Inc. has a 52 week low of $199.11 and a 52 week high of $299.50. The stock has a market capitalization of $9.54 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 2.08 and a beta of 0.53. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.89 and a current ratio of 0.96. The stock has a fifty day moving average of $249.51 and a 200-day moving average of $265.99.

Huntington Ingalls Industries (NYSE:HIIGet Free Report) last announced its earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.50 by $0.37. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.81 billion. Huntington Ingalls Industries had a return on equity of 18.08% and a net margin of 6.09%. Huntington Ingalls Industries’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $3.23 EPS. As a group, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend was Friday, May 31st. Huntington Ingalls Industries’s dividend payout ratio is currently 29.31%.

Insider Buying and Selling

In related news, VP Jennifer R. Boykin sold 1,043 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $252.03, for a total transaction of $262,867.29. Following the completion of the transaction, the vice president now directly owns 11,961 shares of the company’s stock, valued at approximately $3,014,530.83. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 1,500 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $256.07, for a total transaction of $384,105.00. Following the completion of the sale, the vice president now directly owns 8,135 shares in the company, valued at approximately $2,083,129.45. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Jennifer R. Boykin sold 1,043 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $252.03, for a total value of $262,867.29. Following the sale, the vice president now owns 11,961 shares of the company’s stock, valued at $3,014,530.83. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HII has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. StockNews.com cut Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 3rd. Finally, Citigroup started coverage on Huntington Ingalls Industries in a research note on Monday, May 20th. They issued a “buy” rating and a $310.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Huntington Ingalls Industries has an average rating of “Moderate Buy” and an average target price of $278.00.

Get Our Latest Analysis on HII

About Huntington Ingalls Industries

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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