AE Wealth Management LLC Invests $311,000 in Huntington Ingalls Industries, Inc. (NYSE:HII)

Key Points

• AE Wealth Management LLC has acquired 1,524 shares of Huntington Ingalls Industries, Inc. (NYSE:HII), valued at approximately $311,000, as part of its new position reported in a recent filing.
• The company reported $3.79 EPS for the last quarter, exceeding analysts' expectations by $0.89, although its revenue decreased by 2.5% year-over-year.
• Huntington Ingalls Industries announced a quarterly dividend of $1.35 per share, representing an annualized dividend yield of 2.09% and a payout ratio of 38.90%.

AE Wealth Management LLC acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,524 shares of the aerospace company's stock, valued at approximately $311,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HII. GAMMA Investing LLC raised its holdings in Huntington Ingalls Industries by 75,182.7% during the 1st quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company's stock worth $1,004,590,000 after buying an additional 491,695 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in Huntington Ingalls Industries by 1,648.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 375,872 shares of the aerospace company's stock worth $71,029,000 after buying an additional 354,374 shares during the period. Auto Owners Insurance Co raised its holdings in Huntington Ingalls Industries by 273.2% during the 1st quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company's stock worth $92,901,000 after buying an additional 333,308 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Huntington Ingalls Industries by 4,900.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 210,480 shares of the aerospace company's stock worth $39,774,000 after buying an additional 206,271 shares during the period. Finally, Earnest Partners LLC raised its holdings in Huntington Ingalls Industries by 32.6% during the 4th quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company's stock worth $157,216,000 after buying an additional 204,376 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HII. The Goldman Sachs Group boosted their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Barclays upped their target price on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their target price for the company from $250.00 to $300.00 in a report on Thursday, July 10th. Finally, Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of "Hold" and a consensus target price of $251.38.

Huntington Ingalls Industries Stock Down 3.4%

Shares of NYSE HII traded down $9.60 during trading hours on Friday, hitting $269.26. The stock had a trading volume of 763,551 shares, compared to its average volume of 655,505. The company has a market capitalization of $10.57 billion, a P/E ratio of 19.40, a P/E/G ratio of 1.59 and a beta of 0.31. The firm's 50-day moving average price is $242.23 and its two-hundred day moving average price is $215.51. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $293.14. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.99 and a current ratio of 1.07.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, beating the consensus estimate of $3.23 by $0.63. The business had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $2.94 billion. Huntington Ingalls Industries had a return on equity of 12.26% and a net margin of 4.76%. The firm's quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.38 EPS. Analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.40 dividend on an annualized basis and a yield of 2.0%. Huntington Ingalls Industries's dividend payout ratio is presently 38.90%.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, Director Anastasi D. Kelly sold 1,960 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total transaction of $455,856.80. Following the completion of the sale, the director owned 17,485 shares of the company's stock, valued at $4,066,661.30. This represents a 10.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total value of $301,483.00. Following the sale, the vice president directly owned 9,581 shares of the company's stock, valued at $2,221,929.71. The trade was a 11.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,225 shares of company stock valued at $1,207,207 over the last 90 days. 0.72% of the stock is currently owned by company insiders.

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.