J.W. Cole Advisors Inc. Purchases Shares of 1,225 Huntington Ingalls Industries, Inc. (NYSE:HII)

J.W. Cole Advisors Inc. purchased a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the fourth quarter, Holdings Channel.com reports. The firm purchased 1,225 shares of the aerospace company’s stock, valued at approximately $318,000.

A number of other institutional investors and hedge funds have also bought and sold shares of HII. CWM LLC grew its position in Huntington Ingalls Industries by 54.2% during the third quarter. CWM LLC now owns 1,243 shares of the aerospace company’s stock valued at $254,000 after acquiring an additional 437 shares during the last quarter. AE Wealth Management LLC boosted its stake in shares of Huntington Ingalls Industries by 23.1% during the third quarter. AE Wealth Management LLC now owns 2,021 shares of the aerospace company’s stock valued at $413,000 after purchasing an additional 379 shares during the period. SS&H Financial Advisors Inc. purchased a new stake in shares of Huntington Ingalls Industries during the third quarter valued at approximately $878,000. Oak Thistle LLC purchased a new stake in shares of Huntington Ingalls Industries during the third quarter valued at approximately $1,249,000. Finally, Czech National Bank boosted its stake in shares of Huntington Ingalls Industries by 47.6% during the third quarter. Czech National Bank now owns 6,968 shares of the aerospace company’s stock valued at $1,426,000 after purchasing an additional 2,246 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $275.88 on Thursday. The stock has a fifty day moving average of $285.79 and a 200 day moving average of $259.27. Huntington Ingalls Industries, Inc. has a 52 week low of $188.51 and a 52 week high of $299.50. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 2.59 and a beta of 0.60. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 0.54.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, February 1st. The aerospace company reported $6.90 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $2.63. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same quarter last year, the firm posted $3.07 earnings per share. The firm’s revenue was up 13.0% on a year-over-year basis. As a group, research analysts expect that Huntington Ingalls Industries, Inc. will post 16.36 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Thursday, February 22nd. Huntington Ingalls Industries’s payout ratio is 30.41%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HII shares. Barclays increased their price objective on Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. JPMorgan Chase & Co. increased their price objective on Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 900 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $263.69, for a total transaction of $237,321.00. Following the completion of the transaction, the vice president now owns 19,100 shares of the company’s stock, valued at $5,036,479. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 1,293 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $291.28, for a total transaction of $376,625.04. Following the completion of the transaction, the chief accounting officer now owns 2,250 shares of the company’s stock, valued at $655,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP D R. Wyatt sold 900 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $263.69, for a total value of $237,321.00. Following the transaction, the vice president now directly owns 19,100 shares of the company’s stock, valued at approximately $5,036,479. The disclosure for this sale can be found here. Insiders sold 8,472 shares of company stock valued at $2,398,345 over the last quarter. 0.72% of the stock is owned by company insiders.

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.