Koss Olinger Consulting LLC Invests $2.07 Million in Huntington Ingalls Industries, Inc. (NYSE:HII)

Key Points

• Koss Olinger Consulting LLC invested approximately $2.07 million in Huntington Ingalls Industries by acquiring 10,144 shares during the first quarter.
• Institutional investors now own 90.46% of Huntington Ingalls Industries' stock, with significant increases in holdings from several other firms, including GAMMA Investing LLC and D. E. Shaw & Co.
• Huntington Ingalls Industries reported $3.86 EPS for the last quarter, exceeding expectations, and announced a quarterly dividend of $1.35 per share, resulting in an annualized yield of 2.0%.

Koss Olinger Consulting LLC acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 10,144 shares of the aerospace company's stock, valued at approximately $2,070,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Townsquare Capital LLC lifted its stake in shares of Huntington Ingalls Industries by 8.9% in the 1st quarter. Townsquare Capital LLC now owns 8,115 shares of the aerospace company's stock valued at $1,656,000 after purchasing an additional 662 shares during the last quarter. National Bank of Canada FI lifted its position in Huntington Ingalls Industries by 61.9% during the 1st quarter. National Bank of Canada FI now owns 29,335 shares of the aerospace company's stock worth $5,986,000 after acquiring an additional 11,214 shares during the last quarter. Citigroup Inc. lifted its position in Huntington Ingalls Industries by 91.7% during the 1st quarter. Citigroup Inc. now owns 183,799 shares of the aerospace company's stock worth $37,502,000 after acquiring an additional 87,913 shares during the last quarter. 1834 Investment Advisors Co. lifted its position in Huntington Ingalls Industries by 28.3% during the 1st quarter. 1834 Investment Advisors Co. now owns 2,478 shares of the aerospace company's stock worth $506,000 after acquiring an additional 546 shares during the last quarter. Finally, Altfest L J & Co. Inc. acquired a new position in Huntington Ingalls Industries during the 1st quarter worth $410,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Up 0.1%

Huntington Ingalls Industries stock traded up $0.18 during mid-day trading on Wednesday, reaching $268.18. The company's stock had a trading volume of 141,470 shares, compared to its average volume of 642,388. The company has a market capitalization of $10.52 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 1.62 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. The business's 50 day simple moving average is $248.96 and its 200 day simple moving average is $219.20. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08.

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

Huntington Ingalls Industries Dividend Announcement

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

Insiders Place Their Bets

In other news, VP Chad N. Boudreaux sold 1,965 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total value of $449,867.10. Following the completion of the transaction, the vice president directly owned 21,228 shares in the company, valued at approximately $4,859,938.32. The trade was a 8.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.86% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HII shares. Bank of America boosted 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. The Goldman Sachs Group boosted 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. Barclays boosted their price objective on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective on the stock in a report on Thursday, May 15th. Finally, Wall Street Zen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average 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.