Pitcairn Co. Buys 53 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Pitcairn Co. grew its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 5.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,056 shares of the aerospace company’s stock after buying an additional 53 shares during the quarter. Pitcairn Co.’s holdings in Huntington Ingalls Industries were worth $308,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HII. Cranbrook Wealth Management LLC purchased a new stake in Huntington Ingalls Industries in the 4th quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $30,000. American National Bank purchased a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at approximately $30,000. Riverview Trust Co purchased a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at approximately $30,000. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at approximately $31,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on HII shares. StockNews.com lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Citigroup assumed coverage on Huntington Ingalls Industries in a report on Monday, May 20th. They issued a “buy” rating and a $310.00 target price for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $278.00.

Insider Activity at Huntington Ingalls Industries

In related news, VP Jennifer R. Boykin sold 1,043 shares of the stock in a transaction that occurred 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 $3,014,530.83. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, VP Jennifer R. Boykin sold 1,043 shares of the stock in a transaction that occurred 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 $3,014,530.83. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Edmond E. Jr. Hughes sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $256.07, for a total value of $384,105.00. Following the completion of the sale, the vice president now directly owns 8,135 shares of the company’s stock, valued at $2,083,129.45. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Stock Performance

HII traded up $8.65 during midday trading on Thursday, reaching $273.95. The company had a trading volume of 316,823 shares, compared to its average volume of 301,777. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average of $251.46 and a two-hundred day moving average of $266.18. The company has a market cap of $10.80 billion, a P/E ratio of 14.95, a P/E/G ratio of 2.28 and a beta of 0.53. Huntington Ingalls Industries, Inc. has a 1 year low of $199.11 and a 1 year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.50 by $0.37. The firm 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%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.23 earnings per share. As a group, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Friday, May 31st. Huntington Ingalls Industries’s payout ratio is presently 29.31%.

Huntington Ingalls Industries Company 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.