Mission Wealth Management LP Acquires New Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Mission Wealth Management LP bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HIIFree Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 734 shares of the aerospace company’s stock, valued at approximately $214,000.

A number of other institutional investors have also added to or reduced their stakes in HII. Trexquant Investment LP purchased a new stake in Huntington Ingalls Industries in the third quarter valued at approximately $480,000. Advisors Asset Management Inc. increased its holdings in shares of Huntington Ingalls Industries by 17.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 5,710 shares of the aerospace company’s stock worth $1,168,000 after buying an additional 830 shares during the last quarter. Seven Eight Capital LP purchased a new stake in shares of Huntington Ingalls Industries during the 3rd quarter valued at $305,000. Ramirez Asset Management Inc. bought a new stake in shares of Huntington Ingalls Industries during the 3rd quarter worth $120,000. Finally, Bar Harbor Wealth Management purchased a new position in Huntington Ingalls Industries in the third quarter worth $7,595,000. 90.46% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Edmond E. Jr. Hughes sold 1,500 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $256.07, for a total value of $384,105.00. Following the completion of the sale, the vice president now owns 8,135 shares of the company’s stock, valued at $2,083,129.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 1,500 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $256.07, for a total transaction of $384,105.00. Following the sale, the vice president now directly owns 8,135 shares of the company’s stock, valued at approximately $2,083,129.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Jennifer R. Boykin sold 1,043 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $252.03, for a total value of $262,867.29. Following the completion of the transaction, the vice president now directly owns 11,961 shares of the company’s stock, valued at approximately $3,014,530.83. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

HII has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. StockNews.com lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 3rd. Finally, Citigroup initiated coverage on shares of Huntington Ingalls Industries in a research note on Monday, May 20th. They set a “buy” rating and a $310.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $278.00.

Read Our Latest Stock Report on HII

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $243.07 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.89 and a current ratio of 0.96. Huntington Ingalls Industries, Inc. has a fifty-two week low of $199.11 and a fifty-two week high of $299.50. The firm has a market cap of $9.58 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 2.08 and a beta of 0.53. The business has a 50 day moving average price of $250.92 and a 200-day moving average price of $266.08.

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

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a $1.30 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.14%. Huntington Ingalls Industries’s dividend payout ratio is currently 29.31%.

Huntington Ingalls Industries Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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