Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Purchased by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. raised its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,641 shares of the aerospace company’s stock after acquiring an additional 95 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Huntington Ingalls Industries were worth $686,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. lifted its stake in shares of Huntington Ingalls Industries by 29.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,395 shares of the aerospace company’s stock valued at $695,000 after purchasing an additional 766 shares during the period. Compass Wealth Management LLC grew its position in shares of Huntington Ingalls Industries by 700.0% during the 3rd quarter. Compass Wealth Management LLC now owns 800 shares of the aerospace company’s stock valued at $164,000 after acquiring an additional 700 shares during the period. Mackenzie Financial Corp increased its stake in shares of Huntington Ingalls Industries by 11.2% in the 3rd quarter. Mackenzie Financial Corp now owns 1,438 shares of the aerospace company’s stock valued at $291,000 after purchasing an additional 145 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in Huntington Ingalls Industries by 20.6% in the 3rd quarter. IFM Investors Pty Ltd now owns 5,209 shares of the aerospace company’s stock worth $1,066,000 after purchasing an additional 888 shares during the period. Finally, High Note Wealth LLC boosted its position in Huntington Ingalls Industries by 13.2% during the third quarter. High Note Wealth LLC now owns 4,645 shares of the aerospace company’s stock worth $950,000 after purchasing an additional 543 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

HII has been the subject of a number of recent analyst reports. Barclays boosted their price objective on Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. boosted their price target on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Finally, StockNews.com downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Friday.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock traded up $1.04 during mid-day trading on Friday, reaching $246.23. 531,007 shares of the stock traded hands, compared to its average volume of 406,632. The stock has a market capitalization of $9.75 billion, a PE ratio of 13.88, a PEG ratio of 2.31 and a beta of 0.60. The business has a 50-day moving average of $283.26 and a 200 day moving average of $261.27. Huntington Ingalls Industries, Inc. has a fifty-two week low of $188.51 and a fifty-two week high of $299.50. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.54.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, May 2nd. The aerospace company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.50 by $0.37. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. Huntington Ingalls Industries had a return on equity of 18.08% and a net margin of 6.09%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.23 EPS. On average, analysts predict that Huntington Ingalls Industries, Inc. will post 16.35 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Friday, May 31st. Huntington Ingalls Industries’s dividend payout ratio is currently 29.31%.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Edgar A. Green III sold 3,603 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $290.75, for a total value of $1,047,572.25. Following the completion of the sale, the vice president now owns 7,461 shares in the company, valued at approximately $2,169,285.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Jennifer R. Boykin sold 2,176 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $272.31, for a total value of $592,546.56. Following the completion of the sale, the vice president now owns 6,877 shares of the company’s stock, valued at $1,872,675.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Edgar A. Green III sold 3,603 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $290.75, for a total transaction of $1,047,572.25. Following the sale, the vice president now owns 7,461 shares of the company’s stock, valued at $2,169,285.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,472 shares of company stock worth $2,398,345. 0.72% of the stock is owned by insiders.

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.