Wedmont Private Capital Purchases 203 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Wedmont Private Capital lifted its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 25.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 990 shares of the aerospace company’s stock after buying an additional 203 shares during the period. Wedmont Private Capital’s holdings in Huntington Ingalls Industries were worth $273,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Cranbrook Wealth Management LLC bought a new position in Huntington Ingalls Industries during the 4th quarter worth about $28,000. Turtle Creek Wealth Advisors LLC bought a new position in Huntington Ingalls Industries during the 4th quarter worth about $30,000. Northwest Financial Advisors bought a new position in Huntington Ingalls Industries during the 4th quarter worth about $34,000. Mather Group LLC. bought a new position in Huntington Ingalls Industries during the 1st quarter worth about $41,000. Finally, Level Financial Advisors Inc. bought a new position in Huntington Ingalls Industries during the 4th quarter worth about $43,000. Institutional investors own 90.46% of the company’s stock.

Insider Activity

In related news, VP Edmond E. Jr. Hughes sold 1,500 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were 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 in the company, valued at approximately $2,083,129.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Edmond E. Jr. Hughes sold 1,500 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were 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 in the company, valued at approximately $2,083,129.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jennifer R. Boykin sold 1,043 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $252.03, for a total transaction 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 disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. 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 Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Finally, Citigroup started coverage on Huntington Ingalls Industries in a report on Monday, May 20th. They set a “buy” rating and a $310.00 target price for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $278.00.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII opened at $248.91 on Friday. The stock has a market capitalization of $9.81 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 2.11 and a beta of 0.56. The business has a 50-day moving average of $256.17 and a 200-day moving average of $266.38. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.89. Huntington Ingalls Industries, Inc. has a fifty-two week low of $199.11 and a fifty-two week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.50 by $0.37. The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Huntington Ingalls Industries had a return on equity of 18.08% and a net margin of 6.09%. Huntington Ingalls Industries’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.23 EPS. As a group, sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Friday, May 31st. Huntington Ingalls Industries’s payout ratio is 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.