Archer Investment Corp Acquires 1,200 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Archer Investment Corp increased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 30.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,200 shares of the aerospace company's stock after acquiring an additional 1,200 shares during the quarter. Archer Investment Corp's holdings in Huntington Ingalls Industries were worth $1,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of HII. Sentry Investment Management LLC purchased a new stake in Huntington Ingalls Industries during the 1st quarter valued at about $26,000. Park Square Financial Group LLC purchased a new stake in Huntington Ingalls Industries during the 1st quarter valued at about $31,000. HM Payson & Co. grew its position in Huntington Ingalls Industries by 71.9% during the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock valued at $31,000 after purchasing an additional 64 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in 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 purchasing an additional 131 shares during the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in Huntington Ingalls Industries during the 4th quarter valued at about $36,000. 90.46% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Edmond E. Jr. Hughes sold 1,300 shares of Huntington Ingalls Industries stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total transaction of $301,483.00. Following the sale, the vice president owned 9,581 shares in the company, valued at $2,221,929.71. This trade represents a 11.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Chad N. Boudreaux sold 1,965 shares of Huntington Ingalls Industries stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total transaction of $449,867.10. Following the sale, the vice president owned 21,228 shares in the company, valued at approximately $4,859,938.32. The trade was a 8.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,225 shares of company stock worth $1,207,207 over the last quarter. Insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Stock Performance

NYSE HII traded up $0.95 on Friday, reaching $256.30. 55,409 shares of the stock were exchanged, compared to its average volume of 560,658. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $285.81. The firm has a market capitalization of $10.06 billion, a PE ratio of 18.49, a PEG ratio of 1.56 and a beta of 0.31. The company's 50-day simple moving average is $235.40 and its two-hundred day simple moving average is $210.54. The company has a current ratio of 1.07, a quick ratio of 0.99 and a debt-to-equity ratio of 0.57.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.80 billion. Huntington Ingalls Industries had a net margin of 4.76% and a return on equity of 12.26%. The company's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.87 earnings per share. Analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Friday, May 30th. Huntington Ingalls Industries's payout ratio is currently 38.90%.

Wall Street Analyst Weigh In

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

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.

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