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

Raymond James Financial Inc. bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 147,542 shares of the aerospace company’s stock, valued at approximately $27,881,000. Raymond James Financial Inc. owned approximately 0.38% of Huntington Ingalls Industries at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Faithward Advisors LLC raised its position in shares of Huntington Ingalls Industries by 5.8% during the fourth quarter. Faithward Advisors LLC now owns 14,763 shares of the aerospace company’s stock valued at $2,790,000 after buying an additional 814 shares during the last quarter. Bank of Nova Scotia increased its holdings in Huntington Ingalls Industries by 3.3% in the 4th quarter. Bank of Nova Scotia now owns 5,202 shares of the aerospace company’s stock valued at $983,000 after acquiring an additional 168 shares during the last quarter. FIL Ltd purchased a new stake in Huntington Ingalls Industries in the 4th quarter worth $3,489,000. Bank of Montreal Can boosted its holdings in shares of Huntington Ingalls Industries by 4.9% during the 4th quarter. Bank of Montreal Can now owns 37,340 shares of the aerospace company’s stock valued at $7,056,000 after purchasing an additional 1,758 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Huntington Ingalls Industries by 215.4% during the fourth quarter. Russell Investments Group Ltd. now owns 90,119 shares of the aerospace company’s stock valued at $17,030,000 after purchasing an additional 61,548 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Insider Transactions at Huntington Ingalls Industries

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

Analysts Set New Price Targets

HII has been the topic of a number of research analyst reports. Barclays decreased their target price on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. The Goldman Sachs Group upgraded Huntington Ingalls Industries from a “sell” rating to a “buy” rating and increased their target price for the company from $145.00 to $234.00 in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $231.11.

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $219.22 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. The stock’s fifty day moving average is $191.50 and its 200 day moving average is $202.70. The firm has a market capitalization of $8.60 billion, a PE ratio of 15.70, a PEG ratio of 1.15 and a beta of 0.34. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $285.81.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results 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 year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $1.35 per share. The ex-dividend date was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.46%. Huntington Ingalls Industries’s dividend payout ratio is 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.