1,334 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Bought by Cypress Wealth Services LLC

Cypress Wealth Services LLC purchased a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the second quarter, HoldingsChannel.com reports. The firm purchased 1,334 shares of the aerospace company’s stock, valued at approximately $329,000.

A number of other large investors also recently modified their holdings of HII. Gulf International Bank UK Ltd increased its stake in Huntington Ingalls Industries by 1.3% during the first quarter. Gulf International Bank UK Ltd now owns 3,284 shares of the aerospace company’s stock valued at $957,000 after purchasing an additional 42 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Huntington Ingalls Industries by 16.4% during the 2nd quarter. GAMMA Investing LLC now owns 320 shares of the aerospace company’s stock valued at $79,000 after buying an additional 45 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in Huntington Ingalls Industries by 5.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 871 shares of the aerospace company’s stock worth $226,000 after acquiring an additional 47 shares during the period. Hilltop National Bank lifted its holdings in Huntington Ingalls Industries by 15.1% in the second quarter. Hilltop National Bank now owns 359 shares of the aerospace company’s stock worth $88,000 after acquiring an additional 47 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its stake in Huntington Ingalls Industries by 0.5% in the fourth quarter. Kestra Private Wealth Services LLC now owns 10,418 shares of the aerospace company’s stock valued at $2,705,000 after acquiring an additional 48 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HII shares. Citigroup started coverage on Huntington Ingalls Industries in a research report on Monday, May 20th. They set a “buy” rating and a $310.00 price target on the stock. StockNews.com lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $278.00.

Insider Transactions at Huntington Ingalls Industries

In related 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 shares were sold at an average price of $256.07, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Performance

HII stock traded up $2.87 on Friday, reaching $259.43. The company’s stock had a trading volume of 184,993 shares, compared to its average volume of 303,512. Huntington Ingalls Industries, Inc. has a 52 week low of $199.11 and a 52 week high of $299.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.82 and a quick ratio of 0.89. The company has a market capitalization of $10.23 billion, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 2.28 and a beta of 0.53. The firm has a fifty day moving average of $254.52 and a two-hundred day moving average of $267.15.

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

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $1.30 per share. The ex-dividend date is Friday, August 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.00%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 29.31%.

About Huntington Ingalls Industries

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.