Calamos Advisors LLC Purchases New Position in Huntington Ingalls Industries, Inc. $HII

Calamos Advisors LLC bought a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the first quarter, Holdings Channel reports. The institutional investor bought 3,728 shares of the aerospace company’s stock, valued at approximately $1,416,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. M&T Bank Corp lifted its position in shares of Huntington Ingalls Industries by 205.8% during the fourth quarter. M&T Bank Corp now owns 40,031 shares of the aerospace company’s stock worth $13,613,000 after purchasing an additional 26,940 shares in the last quarter. Chase Investment Counsel Corp acquired a new position in Huntington Ingalls Industries in the fourth quarter valued at about $4,634,000. Builder Investment Group Inc. ADV bought a new position in Huntington Ingalls Industries during the 4th quarter worth approximately $6,815,000. Gradient Investments LLC boosted its position in shares of Huntington Ingalls Industries by 662.3% during the fourth quarter. Gradient Investments LLC now owns 44,806 shares of the aerospace company’s stock worth $15,237,000 after purchasing an additional 38,928 shares in the last quarter. Finally, Rothschild Investment LLC grew its stake in Huntington Ingalls Industries by 478.1% in the fourth quarter. Rothschild Investment LLC now owns 5,295 shares of the aerospace company’s stock valued at $1,801,000 after acquiring an additional 4,379 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

Huntington Ingalls Industries stock opened at $270.88 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19. The stock has a market capitalization of $10.67 billion, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 1.19 and a beta of 0.25. Huntington Ingalls Industries, Inc. has a 52 week low of $250.91 and a 52 week high of $460.00. The stock has a fifty day moving average of $299.00 and a 200-day moving average of $364.45.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.09. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.79 earnings per share. On average, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 17.31 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were given a $1.38 dividend. The ex-dividend date was Friday, May 29th. This represents a $5.52 annualized dividend and a yield of 2.0%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 35.91%.

Wall Street Analysts Forecast Growth

HII has been the subject of several research reports. Wells Fargo & Company started coverage on shares of Huntington Ingalls Industries in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price objective for the company. Citigroup cut their price objective on Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. TD Cowen reduced their price target on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating for the company in a report on Monday. Weiss Ratings cut shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $374.00.

Insider Transactions at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the sale, the vice president directly owned 8,391 shares in the company, valued at $2,681,595.78. This trade represents a 29.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.80% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.