SteelPeak Wealth LLC Makes New Investment in Huntington Ingalls Industries, Inc. (NYSE:HII)

SteelPeak Wealth LLC bought a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,180 shares of the aerospace company’s stock, valued at approximately $1,769,000.

Several other hedge funds also recently modified their holdings of HII. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Huntington Ingalls Industries during the second quarter worth $26,000. American National Bank acquired a new position in shares of Huntington Ingalls Industries during the 1st quarter worth about $30,000. Riverview Trust Co acquired a new position in shares of Huntington Ingalls Industries during the 1st quarter worth about $30,000. Fidelis Capital Partners LLC bought a new stake in shares of Huntington Ingalls Industries in the 1st quarter valued at about $31,000. Finally, Larson Financial Group LLC raised its position in shares of Huntington Ingalls Industries by 158.5% in the 1st quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 65 shares during the period. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Up 1.1 %

Shares of HII traded up $3.00 on Thursday, hitting $269.63. The company’s stock had a trading volume of 277,808 shares, compared to its average volume of 302,966. The firm’s fifty day moving average price is $255.33 and its 200-day moving average price is $267.36. Huntington Ingalls Industries, Inc. has a fifty-two week low of $199.11 and a fifty-two week high of $299.50. The company has a quick ratio of 0.89, a current ratio of 0.82 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of 15.01, a P/E/G ratio of 2.28 and a beta of 0.53.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, beating the consensus estimate of $3.61 by $0.77. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The company had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the prior year, the company earned $3.27 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 16.32 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.31%.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 1,500 shares of Huntington Ingalls Industries 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

HII has been the subject of a number of analyst reports. StockNews.com cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Citigroup started coverage on shares of Huntington Ingalls Industries in a report on Monday, May 20th. They issued a “buy” rating and a $310.00 price target for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.