AdvisorNet Financial Inc Has $305,000 Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

AdvisorNet Financial Inc boosted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 5.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,047 shares of the aerospace company’s stock after buying an additional 55 shares during the quarter. AdvisorNet Financial Inc’s holdings in Huntington Ingalls Industries were worth $305,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Cranbrook Wealth Management LLC acquired a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth about $28,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $30,000. American National Bank acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter worth approximately $30,000. Northwest Financial Advisors bought a new stake in Huntington Ingalls Industries during the 4th quarter worth approximately $34,000. Finally, Mather Group LLC. acquired a new stake in Huntington Ingalls Industries during the 1st quarter valued at $41,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on HII. JPMorgan Chase & Co. increased their target price on Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. StockNews.com cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Finally, Citigroup started coverage on shares of Huntington Ingalls Industries in a research note on Monday, May 20th. They set a “buy” rating and a $310.00 price target on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $278.00.

Insider Activity

In related news, VP Edmond E. Jr. Hughes sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $256.07, for a total transaction of $384,105.00. Following the completion of the transaction, the vice president now owns 8,135 shares in the company, valued at $2,083,129.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, VP Jennifer R. Boykin sold 1,043 shares of the business’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 transaction, the vice president now directly owns 11,961 shares in the company, valued at approximately $3,014,530.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Edmond E. Jr. Hughes sold 1,500 shares of the 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 directly owns 8,135 shares of the company’s stock, valued at $2,083,129.45. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Stock Up 0.1 %

Shares of NYSE:HII opened at $251.52 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.89. The stock has a market cap of $9.92 billion, a price-to-earnings ratio of 14.18, a P/E/G ratio of 2.13 and a beta of 0.56. The company has a 50 day moving average of $255.25 and a 200-day moving average of $266.61. Huntington Ingalls Industries, Inc. has a one year low of $199.11 and a one year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, May 2nd. The aerospace company reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.50 by $0.37. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.81 billion. Huntington Ingalls Industries had a net margin of 6.09% and a return on equity of 18.08%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.23 EPS. On average, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Friday, May 31st. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 29.31%.

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.