Raymond James Financial Inc. Purchases Shares of 147,542 Huntington Ingalls Industries, Inc. (NYSE:HII)

Raymond James Financial Inc. purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 147,542 shares of the aerospace company’s stock, valued at approximately $27,881,000. Raymond James Financial Inc. owned 0.38% of Huntington Ingalls Industries at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Yousif Capital Management LLC boosted its stake in Huntington Ingalls Industries by 1.6% in the fourth quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company’s stock worth $610,000 after purchasing an additional 52 shares in the last quarter. MML Investors Services LLC boosted its stake in Huntington Ingalls Industries by 0.6% in the third quarter. MML Investors Services LLC now owns 11,363 shares of the aerospace company’s stock worth $3,004,000 after purchasing an additional 71 shares in the last quarter. 1834 Investment Advisors Co. boosted its stake in Huntington Ingalls Industries by 3.9% in the fourth quarter. 1834 Investment Advisors Co. now owns 1,932 shares of the aerospace company’s stock worth $365,000 after purchasing an additional 73 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in Huntington Ingalls Industries by 1.5% in the fourth quarter. Sanctuary Advisors LLC now owns 5,060 shares of the aerospace company’s stock worth $989,000 after purchasing an additional 75 shares in the last quarter. Finally, Voya Financial Advisors Inc. boosted its stake in Huntington Ingalls Industries by 2.9% in the third quarter. Voya Financial Advisors Inc. now owns 2,800 shares of the aerospace company’s stock worth $737,000 after purchasing an additional 79 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction dated Thursday, March 6th. The stock was 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 directly owns 2,884 shares in the company, valued at $546,691.04. This represents a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $164.82 per share, with a total value of $349,418.40. Following the completion of the acquisition, the director now directly owns 7,967 shares of the company’s stock, valued at approximately $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.

Wall Street Analyst Weigh In

HII has been the topic of a number of recent analyst reports. The Goldman Sachs Group reduced their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research note on Monday, February 10th. Barclays cut their price target 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Huntington Ingalls Industries presently has an average rating of “Hold” and a consensus price target of $221.22.

Huntington Ingalls Industries Trading Up 0.4 %

NYSE:HII opened at $196.34 on Friday. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $294.81. The business’s 50-day moving average price is $186.27 and its two-hundred day moving average price is $213.92. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $7.70 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 1.15 and a beta of 0.49.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. On average, equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $1.35 dividend. The ex-dividend date was Friday, February 28th. This represents a $5.40 annualized dividend and a dividend yield of 2.75%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 38.68%.

About Huntington Ingalls Industries

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.