717 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Bought by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 717 shares of the aerospace company’s stock, valued at approximately $209,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cranbrook Wealth Management LLC purchased a new stake in Huntington Ingalls Industries in the fourth quarter worth $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Huntington Ingalls Industries in the fourth quarter worth $30,000. American National Bank purchased a new stake in Huntington Ingalls Industries in the first quarter worth $30,000. Riverview Trust Co purchased a new stake in Huntington Ingalls Industries in the first quarter worth $30,000. Finally, Fidelis Capital Partners LLC purchased a new stake in Huntington Ingalls Industries in the first quarter worth $31,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 1,500 shares of Huntington Ingalls Industries stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $256.07, for a total value of $384,105.00. Following the transaction, the vice president now owns 8,135 shares in the company, valued at $2,083,129.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 1,043 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $3,014,530.83. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Edmond E. Jr. Hughes sold 1,500 shares of the firm’s stock in a transaction dated 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 directly 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. 0.72% of the stock is owned by insiders.

Huntington Ingalls Industries Stock Up 1.9 %

Shares of Huntington Ingalls Industries stock traded up $4.63 during trading on Wednesday, hitting $246.56. 117,133 shares of the stock traded hands, compared to its average volume of 302,435. The stock’s fifty day simple moving average is $249.51 and its 200 day simple moving average is $265.99. Huntington Ingalls Industries, Inc. has a 52-week low of $199.11 and a 52-week high of $299.50. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54. The firm has a market cap of $9.72 billion, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 2.07 and a beta of 0.53.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.50 by $0.37. Huntington Ingalls Industries had a return on equity of 18.08% and a net margin of 6.09%. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the previous year, the firm earned $3.23 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities analysts predict that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current fiscal 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 paid a $1.30 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $5.20 annualized dividend and a yield of 2.11%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.31%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HII shares. StockNews.com lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 3rd. Citigroup began coverage on 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. Finally, JPMorgan Chase & Co. raised their price target on Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $278.00.

Huntington Ingalls Industries Company 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.