HHM Wealth Advisors LLC Buys 1,115 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Key Points

• HHM Wealth Advisors LLC increased its stake in Huntington Ingalls Industries by 2,230.0% in the first quarter, holding shares worth $238,000 as of the latest SEC filing.
• Analyst upgrades have been positive with TD Cowen raising its rating from "hold" to "buy" and increasing the stock's target price from $250.00 to $300.00.
• The company recently announced a quarterly dividend of $1.35 per share, reflecting an annual yield of 2.09% and a payout ratio of 38.90%.

HHM Wealth Advisors LLC lifted its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 2,230.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,165 shares of the aerospace company's stock after purchasing an additional 1,115 shares during the quarter. HHM Wealth Advisors LLC's holdings in Huntington Ingalls Industries were worth $238,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sentry Investment Management LLC bought a new position in Huntington Ingalls Industries in the 1st quarter worth about $26,000. HM Payson & Co. increased its stake in Huntington Ingalls Industries by 71.9% in the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock worth $31,000 after acquiring an additional 64 shares during the last quarter. Park Square Financial Group LLC bought a new position in Huntington Ingalls Industries in the 1st quarter worth about $31,000. Raiffeisen Bank International AG bought a new position in Huntington Ingalls Industries in the 4th quarter worth about $36,000. Finally, Grove Bank & Trust bought a new position in Huntington Ingalls Industries in the 1st quarter worth about $61,000. 90.46% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Anastasi D. Kelly sold 1,960 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total value of $455,856.80. Following the completion of the transaction, the director owned 17,485 shares in the company, valued at $4,066,661.30. This trade represents a 10.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total value of $301,483.00. Following the completion of the transaction, the vice president owned 9,581 shares of the company's stock, valued at approximately $2,221,929.71. The trade was a 11.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,225 shares of company stock worth $1,207,207 in the last quarter. 0.72% of the stock is owned by company insiders.

Huntington Ingalls Industries Trading Down 3.4%

NYSE HII traded down $9.60 on Friday, hitting $269.26. The company's stock had a trading volume of 763,551 shares, compared to its average volume of 655,505. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $293.14. The company has a current ratio of 1.07, a quick ratio of 0.99 and a debt-to-equity ratio of 0.57. The company's 50-day simple moving average is $242.23 and its 200 day simple moving average is $215.51. The firm has a market cap of $10.57 billion, a P/E ratio of 19.40, a PEG ratio of 1.59 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.63. Huntington Ingalls Industries had a return on equity of 12.26% and a net margin of 4.76%. The business had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter last year, the business posted $4.38 EPS. The business's revenue was up 3.5% on a year-over-year basis. Research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be paid 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 is Friday, August 29th. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.90%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HII shares. The Goldman Sachs Group upped their price objective on 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 upped their price objective for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective for the company in a report on Thursday, May 15th. Finally, Barclays upped their price objective on 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 research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $251.38.

Huntington Ingalls Industries Company 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.