1,624 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Bought by Oak Thistle LLC

Oak Thistle LLC purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,624 shares of the aerospace company’s stock, valued at approximately $473,000.

Other institutional investors also recently modified their holdings of the company. Cranbrook Wealth Management LLC bought a new position in Huntington Ingalls Industries in the fourth quarter valued at $28,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Huntington Ingalls Industries during the 4th quarter worth about $30,000. American National Bank bought a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at about $30,000. Riverview Trust Co acquired a new stake in shares of Huntington Ingalls Industries in the first quarter valued at about $30,000. Finally, Northwest Financial Advisors bought a new stake in Huntington Ingalls Industries during the fourth quarter worth about $34,000. 90.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 1,043 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $252.03, for a total value of $262,867.29. Following the transaction, the vice president now directly owns 11,961 shares of the company’s stock, valued at approximately $3,014,530.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Edmond E. Jr. Hughes sold 1,500 shares of the company’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 transaction, the vice president now directly owns 8,135 shares in the company, valued at $2,083,129.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $262,867.29. Following the transaction, the vice president now directly owns 11,961 shares in the company, valued at $3,014,530.83. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HII has been the subject of a number of analyst reports. Citigroup started coverage on Huntington Ingalls Industries in a research note on Monday, May 20th. They issued a “buy” rating and a $310.00 price target for the company. JPMorgan Chase & Co. raised their target price on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Finally, StockNews.com lowered shares of 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 issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $278.00.

Huntington Ingalls Industries Price Performance

NYSE:HII opened at $246.79 on Tuesday. Huntington Ingalls Industries, Inc. has a 12-month low of $199.11 and a 12-month high of $299.50. The firm has a market capitalization of $9.73 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 2.10 and a beta of 0.53. The stock’s 50 day moving average price is $253.34 and its two-hundred day moving average price is $266.42. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.54.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the prior year, the business earned $3.23 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts anticipate 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. Investors of record on Friday, May 31st were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Friday, May 31st. Huntington Ingalls Industries’s payout ratio 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.