Frank Rimerman Advisors LLC Makes New $240,000 Investment 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 purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 1,175 shares of the aerospace company's stock, valued at approximately $240,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas purchased a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at $1,324,000. GAMMA Investing LLC boosted its position in shares of Huntington Ingalls Industries by 269.0% in the 1st quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company's stock worth $492,000 after purchasing an additional 1,759 shares in the last quarter. Eisler Capital Management Ltd. acquired a new stake in shares of Huntington Ingalls Industries in the 4th quarter worth $5,679,000. Sowell Financial Services LLC acquired a new stake in shares of Huntington Ingalls Industries in the 1st quarter worth $247,000. Finally, Ninety One UK Ltd acquired a new stake in shares of Huntington Ingalls Industries in the 1st quarter worth $14,924,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Chad N. Boudreaux sold 1,965 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total value of $449,867.10. Following the transaction, the vice president directly owned 21,228 shares in the company, valued at approximately $4,859,938.32. This represents a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.72% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and lifted their price target for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. Bank of America lifted their price target on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an "underperform" rating in a research note on Wednesday. Alembic Global Advisors upgraded 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, Barclays lifted their price target on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, Huntington Ingalls Industries currently has a consensus rating of "Hold" and an average target price of $267.00.

Huntington Ingalls Industries Price Performance

Shares of HII stock traded down $1.42 during trading hours on Friday, reaching $266.04. The company had a trading volume of 346,578 shares, compared to its average volume of 507,502. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08. The stock has a fifty day moving average of $251.49 and a 200-day moving average of $220.47. The company has a market capitalization of $10.44 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 1.58 and a beta of 0.33. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $293.14.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.23 by $0.63. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $2.94 billion. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%. The business's revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $4.38 earnings per share. On average, equities analysts anticipate 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. Investors of record on Friday, August 29th will be issued a $1.35 dividend. The ex-dividend date is Friday, August 29th. This represents a $5.40 dividend on an annualized basis and a yield of 2.0%. Huntington Ingalls Industries's dividend payout ratio is currently 40.42%.

About Huntington Ingalls Industries

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.