Archer Investment Corp Makes New $1.12 Million Investment in Huntington Ingalls Industries, Inc. $HII

Key Points

• Archer Investment Corp. acquired 4,000 shares of Huntington Ingalls Industries worth approximately $1.12 million, while institutional investors collectively own 90.46% of HII.
• HII reported strong quarterly results, with earnings of $5.27 per share and revenue of $3.42 billion, beating estimates and increasing revenue 10.9% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $368.88; the company also declared a quarterly dividend of $1.38 per share, yielding about 1.9% annually.

Archer Investment Corp acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,000 shares of the aerospace company's stock, valued at approximately $1,120,000.

Other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its holdings in shares of Huntington Ingalls Industries by 40.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company's stock worth $42,000 after purchasing an additional 59 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Huntington Ingalls Industries by 329.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the aerospace company's stock worth $88,000 after acquiring an additional 280 shares during the period. Marshall Wace LLP grew its position in Huntington Ingalls Industries by 432.1% in the second quarter. Marshall Wace LLP now owns 38,144 shares of the aerospace company's stock valued at $9,210,000 after acquiring an additional 30,975 shares in the last quarter. Cresset Asset Management LLC grew its position in Huntington Ingalls Industries by 23.0% in the second quarter. Cresset Asset Management LLC now owns 1,575 shares of the aerospace company's stock valued at $381,000 after acquiring an additional 294 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Huntington Ingalls Industries in the second quarter valued at $398,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, CEO Christopher D. Kastner sold 13,070 shares of the company's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $324.92, for a total transaction of $4,246,704.40. Following the completion of the sale, the chief executive officer owned 11,224 shares of the company's stock, valued at $3,646,902.08. This represents a 53.80% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wells Fargo & Company boosted their price objective on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 4th. Wall Street Zen cut Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research note on Monday, May 18th. Wolfe Research upgraded shares of Huntington Ingalls Industries from a "peer perform" rating to an "outperform" rating and set a $364.00 price target for the company in a research note on Friday, July 31st. Citigroup boosted their target price on shares of Huntington Ingalls Industries from $349.00 to $379.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Sanford C. Bernstein set a $341.00 price target on Huntington Ingalls Industries in a research note on Tuesday. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $368.88.

Huntington Ingalls Industries Stock Performance

Shares of HII opened at $294.09 on Friday. Huntington Ingalls Industries, Inc. has a 52-week low of $263.62 and a 52-week high of $460.00. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $11.59 billion, a PE ratio of 17.53, a P/E/G ratio of 1.12 and a beta of 0.24. The firm has a 50-day moving average price of $296.49 and a 200 day moving average price of $344.86.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The aerospace company reported $5.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.48. Huntington Ingalls Industries had a net margin of 5.01% and a return on equity of 12.89%. The company had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.15 billion. During the same quarter in the previous year, the company posted $3.86 EPS. The business's revenue was up 10.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 18.47 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $5.52 annualized dividend and a dividend yield of 1.9%. Huntington Ingalls Industries's payout ratio is presently 32.90%.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries NYSE: HII is America's largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company's products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman's shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.

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