Raymond James Financial Inc. Makes New Investment in Huntington Ingalls Industries, Inc. (NYSE:HII)

Raymond James Financial Inc. acquired a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 147,542 shares of the aerospace company's stock, valued at approximately $27,881,000. Raymond James Financial Inc. owned about 0.38% of Huntington Ingalls Industries at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HII. Truvestments Capital LLC acquired a new stake in shares of Huntington Ingalls Industries in the third quarter worth about $42,000. Wingate Wealth Advisors Inc. bought a new position in shares of Huntington Ingalls Industries in the fourth quarter worth about $48,000. Bruce G. Allen Investments LLC increased its stake in Huntington Ingalls Industries by 43.4% during the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company's stock valued at $53,000 after acquiring an additional 85 shares during the period. True Wealth Design LLC bought a new position in Huntington Ingalls Industries during the third quarter valued at about $60,000. Finally, Transamerica Financial Advisors Inc. bought a new position in Huntington Ingalls Industries during the third quarter valued at about $70,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

HII has been the topic of several analyst reports. Barclays lowered their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. The Goldman Sachs Group reduced their target price on Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating on the stock in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Huntington Ingalls Industries presently has an average rating of "Hold" and an average price target of $221.22.

Remove Ads

Huntington Ingalls Industries Trading Up 0.6 %

NYSE:HII traded up $1.29 during trading hours on Tuesday, hitting $208.42. 681,643 shares of the stock were exchanged, compared to its average volume of 456,867. The company's 50 day moving average is $186.67 and its two-hundred day moving average is $212.48. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $294.81. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $8.18 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 1.15 and a beta of 0.49.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. On average, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.59%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries's payout ratio is 38.68%.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 750 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the sale, the chief accounting officer now owns 2,884 shares in the company, valued at $546,691.04. This represents a 20.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas C. Schievelbein acquired 2,120 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price of $164.82 per share, with a total value of $349,418.40. Following the transaction, the director now owns 7,967 shares in the company, valued at $1,313,120.94. This represents a 36.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company's stock.

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.