2,150 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Bought by Wellington Shields & Co. LLC

Wellington Shields & Co. LLC acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,150 shares of the aerospace company’s stock, valued at approximately $439,000.

Several other large investors have also recently added to or reduced their stakes in the company. Sentry Investment Management LLC acquired a new stake in Huntington Ingalls Industries in the first quarter worth $26,000. Park Square Financial Group LLC acquired a new position in shares of Huntington Ingalls Industries during the first quarter valued at $31,000. HM Payson & Co. increased its holdings in shares of Huntington Ingalls Industries by 71.9% during the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 64 shares during the period. Raiffeisen Bank International AG acquired a new position in shares of Huntington Ingalls Industries during the fourth quarter valued at $36,000. Finally, Grove Bank & Trust acquired a new position in shares of Huntington Ingalls Industries during the first quarter valued at $61,000. 90.46% of the stock is currently owned by institutional investors.

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 owned 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 stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total value of $455,856.80. Following the completion of the transaction, the director owned 17,485 shares of the company’s stock, valued at $4,066,661.30. This trade represents a 10.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,225 shares of company stock worth $1,207,207 in the last quarter. 0.86% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HII. Barclays raised their price target on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. Alembic Global Advisors raised Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 target price for the company in a research note on Thursday, May 15th. TD Cowen raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and raised their target price for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. Finally, The Goldman Sachs Group raised their target price on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $251.38.

Huntington Ingalls Industries Trading Down 0.7%

NYSE:HII opened at $260.67 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.07 and a debt-to-equity ratio of 0.57. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $285.81. The firm has a market capitalization of $10.23 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 1.61 and a beta of 0.31. The stock has a fifty day simple moving average of $240.44 and a 200 day simple moving average of $214.64.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, beating 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 business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the company posted $3.87 EPS. Huntington Ingalls Industries’s revenue for the quarter was down 2.5% on a year-over-year basis. Sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Profile

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.