Total Wealth Planning & Management Inc. Acquires Shares of 2,296 Huntington Ingalls Industries, Inc. (NYSE:HII)

Total Wealth Planning & Management Inc. bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,296 shares of the aerospace company's stock, valued at approximately $434,000.

Several other hedge funds also recently made changes to their positions in HII. EverSource Wealth Advisors LLC grew its position in shares of Huntington Ingalls Industries by 503.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock valued at $30,000 after buying an additional 131 shares during the last quarter. Raiffeisen Bank International AG bought a new position in Huntington Ingalls Industries during the 4th quarter worth $36,000. Wingate Wealth Advisors Inc. acquired a new stake in Huntington Ingalls Industries in the fourth quarter worth $48,000. Canada Post Corp Registered Pension Plan bought a new stake in Huntington Ingalls Industries in the fourth quarter valued at $70,000. Finally, SRS Capital Advisors Inc. increased its holdings in shares of Huntington Ingalls Industries by 156.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock worth $91,000 after acquiring an additional 294 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Activity

In other news, Director Anastasi D. Kelly sold 1,960 shares of the firm's stock in a transaction 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 now directly owns 17,485 shares of the company's stock, valued at $4,066,661.30. This trade represents a 10.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Nicolas G. Schuck sold 750 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the sale, the chief accounting officer now directly owns 2,884 shares of the company's stock, valued at approximately $546,691.04. This represents a 20.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,010 shares of company stock worth $899,510. 0.86% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target on the stock in a research note on Thursday, May 15th. Finally, Barclays raised their price target on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $236.38.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock traded down $2.08 during mid-day trading on Thursday, hitting $223.52. 1,057,905 shares of the company's stock traded hands, compared to its average volume of 535,472. The firm has a 50 day moving average price of $216.84 and a 200 day moving average price of $199.52. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The company has a market cap of $8.77 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 1.15 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $285.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. The company had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.80 billion. During the same period last year, the firm earned $3.87 EPS. The firm's revenue for the quarter was down 2.5% on a year-over-year basis. On average, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.90%.

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.