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

Raymond James Financial Inc. bought a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 147,542 shares of the aerospace company’s stock, valued at approximately $27,881,000.

Several other large investors have also modified their holdings of HII. River Road Asset Management LLC purchased a new position in Huntington Ingalls Industries during the fourth quarter valued at approximately $65,215,000. Diamond Hill Capital Management Inc. increased its holdings in shares of Huntington Ingalls Industries by 132.9% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company’s stock valued at $79,387,000 after acquiring an additional 239,688 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of Huntington Ingalls Industries in the 4th quarter worth $36,191,000. Sei Investments Co. lifted its stake in shares of Huntington Ingalls Industries by 32.4% during the 4th quarter. Sei Investments Co. now owns 445,926 shares of the aerospace company’s stock worth $84,269,000 after purchasing an additional 109,134 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Huntington Ingalls Industries by 45.3% during the third quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock valued at $80,886,000 after purchasing an additional 95,324 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on HII shares. The Goldman Sachs Group upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “buy” rating and boosted their target price for the stock from $145.00 to $234.00 in a report on Friday, April 11th. Barclays reduced their price objective on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $231.11.

Huntington Ingalls Industries Stock Up 1.7 %

NYSE:HII opened at $219.22 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $285.81. The company has a market cap of $8.60 billion, a PE ratio of 15.70, a P/E/G ratio of 1.15 and a beta of 0.34. The company’s 50 day moving average is $191.50 and its two-hundred day moving average is $202.70.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. Analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries’s 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.