1,634 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Purchased by Integrated Advisors Network LLC

Integrated Advisors Network LLC acquired a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,634 shares of the aerospace company’s stock, valued at approximately $424,000.

Other hedge funds have also recently bought and sold shares of the company. Cranbrook Wealth Management LLC purchased a new stake in Huntington Ingalls Industries in the 4th quarter worth about $28,000. Turtle Creek Wealth Advisors LLC acquired a new position in Huntington Ingalls Industries in the 4th quarter worth about $30,000. Northwest Financial Advisors acquired a new position in Huntington Ingalls Industries in the 4th quarter worth about $34,000. Level Financial Advisors Inc. acquired a new position in Huntington Ingalls Industries in the 4th quarter worth about $43,000. Finally, Bruce G. Allen Investments LLC acquired a new position in Huntington Ingalls Industries in the 4th quarter worth about $48,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII opened at $246.00 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.89 and a current ratio of 0.96. The firm has a market cap of $9.70 billion, a price-to-earnings ratio of 13.85, a P/E/G ratio of 2.04 and a beta of 0.56. The business’s 50-day simple moving average is $258.46 and its 200-day simple moving average 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 data on Thursday, May 2nd. The aerospace company reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $3.50 by $0.37. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. Huntington Ingalls Industries had a return on equity of 18.08% and a net margin of 6.09%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.23 EPS. As a group, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Friday, May 31st. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 29.31%.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was 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 of the company’s stock, valued at approximately $2,083,129.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 1,043 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $252.03, for a total value of $262,867.29. Following the completion of the sale, the vice president now owns 11,961 shares in the company, valued at approximately $3,014,530.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Edmond E. Jr. Hughes sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $256.07, for a total value of $384,105.00. Following the completion of the sale, the vice president now owns 8,135 shares of the company’s stock, valued at approximately $2,083,129.45. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. StockNews.com lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Finally, Citigroup assumed coverage on Huntington Ingalls Industries in a research report on Monday, May 20th. They issued a “buy” rating and a $310.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $278.00.

Huntington Ingalls Industries 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.