Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Acquired by BCGM Wealth Management LLC

Key Points

• BCGM Wealth Management LLC increased its stake in Huntington Ingalls Industries, Inc. by 52.4% during the first quarter, now owning a total of 9,147 shares worth approximately $1.87 million.
• Huntington Ingalls reported a quarterly earnings of $3.86 EPS, exceeding analysts' estimates, and its revenue grew by 3.5% compared to the previous year.
• The company declared a quarterly dividend of $1.35, representing a dividend yield of 1.9% and a payout ratio of 38.90%.

BCGM Wealth Management LLC increased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 52.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 9,147 shares of the aerospace company's stock after purchasing an additional 3,146 shares during the period. BCGM Wealth Management LLC's holdings in Huntington Ingalls Industries were worth $1,866,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of HII. Sentry Investment Management LLC acquired a new position in Huntington Ingalls Industries during the first quarter valued at approximately $26,000. HM Payson & Co. increased its holdings in shares of Huntington Ingalls Industries by 71.9% during the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock worth $31,000 after buying an additional 64 shares in the last quarter. Park Square Financial Group LLC acquired a new position in shares of Huntington Ingalls Industries during the first quarter worth $31,000. Raiffeisen Bank International AG bought a new stake in shares of Huntington Ingalls Industries in the fourth quarter worth $36,000. Finally, Grove Bank & Trust bought a new stake in shares of Huntington Ingalls Industries in the first quarter worth $61,000. Institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Barclays upped their price target on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a research report on Monday. Wall Street Zen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a research report on Saturday. The Goldman Sachs Group lifted their target price on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research report 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 for the company in a research note on Thursday, May 15th. Finally, TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and lifted their price objective for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $258.88.

Huntington Ingalls Industries Trading Down 0.1%

HII traded down $0.29 on Monday, reaching $269.54. 91,282 shares of the company traded hands, compared to its average volume of 651,641. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $293.14. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. The company has a market cap of $10.58 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 1.66 and a beta of 0.33. The firm has a fifty day simple moving average of $243.11 and a two-hundred day simple moving average of $216.24.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, topping the consensus estimate of $3.23 by $0.63. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $2.94 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. Huntington Ingalls Industries's revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.38 EPS. As a group, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, August 29th. Huntington Ingalls Industries's dividend payout ratio is 40.42%.

Insider Activity

In other news, Director Anastasi D. Kelly sold 1,960 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total value of $455,856.80. Following the sale, the director directly owned 17,485 shares of the company's stock, valued at $4,066,661.30. This represents a 10.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total transaction of $301,483.00. Following the sale, the vice president directly 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 disclosure for this sale can be found here. Insiders have sold 5,225 shares of company stock valued at $1,207,207 in the last ninety days. Insiders own 0.86% of the company's stock.

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.