Frank Rimerman Advisors LLC Invests $240,000 in Huntington Ingalls Industries, Inc. (NYSE:HII)

Key Points

• Frank Rimerman Advisors LLC has established a new position in Huntington Ingalls Industries, purchasing 1,175 shares valued at approximately $240,000 during the first quarter.
• Huntington Ingalls recently reported a quarterly EPS of $3.86, exceeding analyst estimates of $3.23, with revenues hitting $3.08 billion, above the expected $2.94 billion.
• The company declared a quarterly dividend of $1.35 per share, which is set to yield 2.0% annually, with a payout ratio of 40.42%.

Frank Rimerman Advisors LLC bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,175 shares of the aerospace company's stock, valued at approximately $240,000.

Other institutional investors have also made changes to their positions in the company. Earnest Partners LLC lifted its stake in Huntington Ingalls Industries by 32.6% during the fourth quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company's stock worth $157,216,000 after purchasing an additional 204,376 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Huntington Ingalls Industries by 15.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 578,488 shares of the aerospace company's stock worth $109,316,000 after purchasing an additional 77,718 shares during the period. Diamond Hill Capital Management Inc. boosted its position in shares of Huntington Ingalls Industries by 27.3% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company's stock worth $109,108,000 after buying an additional 114,635 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Huntington Ingalls Industries by 75,182.7% in the 1st quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company's stock valued at $1,004,590,000 after purchasing an additional 491,695 shares in the last quarter. Finally, Auto Owners Insurance Co boosted its holdings in shares of Huntington Ingalls Industries by 273.2% during the first quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company's stock worth $92,901,000 after purchasing an additional 333,308 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 1,965 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was 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 of the company's stock, valued at $4,859,938.32. This trade represents a 8.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Trading Down 0.8%

Shares of Huntington Ingalls Industries stock traded down $2.13 during trading hours on Thursday, hitting $267.30. The company's stock had a trading volume of 226,817 shares, compared to its average volume of 641,032. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $293.14. The stock has a 50 day moving average of $249.85 and a 200 day moving average of $219.55. The company has a market capitalization of $10.49 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 1.63 and a beta of 0.33. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued 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. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%. The firm had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same period in the prior year, the firm posted $4.38 earnings per share. The business's quarterly revenue was up 3.5% compared to the same quarter last year. Analysts predict 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 announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis 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 (DPR) is currently 40.42%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HII shares. Bank of America increased their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a research report on Wednesday. Wall Street Zen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. TD Cowen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating and raised their price target for the company from $250.00 to $300.00 in a report on Thursday, July 10th. Alembic Global Advisors raised 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. Finally, Barclays lifted their target price on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four 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 a consensus target price of $267.00.

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.