Capital International Inc. CA Purchases 197 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Capital International Inc. CA increased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 3.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,897 shares of the aerospace company’s stock after purchasing an additional 197 shares during the quarter. Capital International Inc. CA’s holdings in Huntington Ingalls Industries were worth $1,719,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gulf International Bank UK Ltd raised its position in Huntington Ingalls Industries by 1.3% in the 1st quarter. Gulf International Bank UK Ltd now owns 3,284 shares of the aerospace company’s stock worth $957,000 after purchasing an additional 42 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in shares of Huntington Ingalls Industries by 5.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 871 shares of the aerospace company’s stock worth $226,000 after buying an additional 47 shares during the period. Kestra Private Wealth Services LLC lifted its stake in shares of Huntington Ingalls Industries by 0.5% in the 4th quarter. Kestra Private Wealth Services LLC now owns 10,418 shares of the aerospace company’s stock valued at $2,705,000 after acquiring an additional 48 shares during the last quarter. Empirical Finance LLC boosted its holdings in Huntington Ingalls Industries by 3.6% during the 1st quarter. Empirical Finance LLC now owns 1,427 shares of the aerospace company’s stock valued at $416,000 after acquiring an additional 49 shares during the period. Finally, Pitcairn Co. grew its position in Huntington Ingalls Industries by 5.3% during the 1st quarter. Pitcairn Co. now owns 1,056 shares of the aerospace company’s stock worth $308,000 after acquiring an additional 53 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 1,500 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were 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 of the company’s stock, valued at approximately $2,083,129.45. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP Edmond E. Jr. Hughes sold 1,500 shares of the business’s stock in a transaction 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 sale, the vice president now owns 8,135 shares in the company, valued at $2,083,129.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jennifer R. Boykin sold 1,043 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $252.03, for a total transaction of $262,867.29. Following the transaction, the vice president now owns 11,961 shares of the company’s stock, valued at approximately $3,014,530.83. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Performance

NYSE:HII traded up $2.08 during trading hours on Friday, reaching $276.03. The company had a trading volume of 297,115 shares, compared to its average volume of 252,215. The firm has a market cap of $10.88 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 2.34 and a beta of 0.53. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54. The firm’s 50 day moving average price is $252.22 and its 200-day moving average price is $266.38. Huntington Ingalls Industries, Inc. has a 52 week low of $199.11 and a 52 week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.50 by $0.37. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.81 billion. Huntington Ingalls Industries had a net margin of 6.09% and a return on equity of 18.08%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.23 EPS. On average, analysts forecast that Huntington Ingalls Industries, Inc. will post 16.35 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a dividend of $1.30 per share. The ex-dividend date was Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a yield of 1.88%. Huntington Ingalls Industries’s dividend payout ratio is presently 29.31%.

Analyst Ratings Changes

A number of analysts have recently weighed in on HII shares. StockNews.com lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 3rd. Citigroup began 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $278.00.

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.