Wills Financial Group LLC Takes $230,000 Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Wills Financial Group LLC acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,126 shares of the aerospace company’s stock, valued at approximately $230,000.

A number of other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its position in shares of Huntington Ingalls Industries by 75,182.7% during the 1st quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company’s stock worth $1,004,590,000 after buying an additional 491,695 shares during the period. D. E. Shaw & Co. Inc. grew its position in shares of Huntington Ingalls Industries by 1,648.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 375,872 shares of the aerospace company’s stock worth $71,029,000 after buying an additional 354,374 shares during the period. Auto Owners Insurance Co grew its position in shares of Huntington Ingalls Industries by 273.2% during the 1st quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company’s stock worth $92,901,000 after buying an additional 333,308 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of Huntington Ingalls Industries by 4,900.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 210,480 shares of the aerospace company’s stock worth $39,774,000 after buying an additional 206,271 shares during the period. Finally, Earnest Partners LLC grew its position in shares of Huntington Ingalls Industries by 32.6% during the 4th quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company’s stock worth $157,216,000 after buying an additional 204,376 shares during the period. 90.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Edmond E. Jr. Hughes sold 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total value of $301,483.00. Following the sale, the vice president owned 9,581 shares in the company, valued at $2,221,929.71. This represents a 11.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Anastasi D. Kelly sold 1,960 shares of the business’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 transaction of $455,856.80. Following the completion of the transaction, the director owned 17,485 shares of the company’s stock, valued at approximately $4,066,661.30. The trade was a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,225 shares of company stock worth $1,207,207 in the last 90 days. Insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

HII has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price target on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Wall Street Zen upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Saturday. Barclays boosted their price target on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 price target for the company in a research note on Thursday, May 15th. Finally, TD Cowen upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and boosted their price target for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. 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 stock. According to MarketBeat, Huntington Ingalls Industries has an average rating of “Hold” and an average target price of $251.38.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $269.26 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $10.57 billion, a PE ratio of 20.15, a P/E/G ratio of 1.66 and a beta of 0.33. The firm has a fifty day simple moving average of $243.11 and a two-hundred day simple moving average of $216.24. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $293.14.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.63. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the firm posted $4.38 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. Research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors 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 dividend yield of 2.0%. Huntington Ingalls Industries’s dividend payout ratio is presently 40.42%.

About Huntington Ingalls Industries

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.