1,500 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,500 shares of the aerospace company’s stock, valued at approximately $390,000.

Other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of Huntington Ingalls Industries in the third quarter worth approximately $25,000. Cranbrook Wealth Management LLC acquired a new position in Huntington Ingalls Industries during the fourth quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Huntington Ingalls Industries during the 4th quarter valued at $30,000. Level Financial Advisors Inc. purchased a new stake in shares of Huntington Ingalls Industries in the fourth quarter worth about $43,000. Finally, Headlands Technologies LLC boosted its holdings in Huntington Ingalls Industries by 30.1% in the 3rd quarter. Headlands Technologies LLC now owns 225 shares of the aerospace company’s stock worth $46,000 after acquiring an additional 52 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price 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. StockNews.com lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Finally, Barclays boosted their price objective on shares of 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.

Insider Activity

In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 2,176 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $272.31, for a total transaction of $592,546.56. Following the sale, the vice president now directly owns 6,877 shares in the company, valued at approximately $1,872,675.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Jennifer R. Boykin sold 2,176 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $272.31, for a total value of $592,546.56. Following the sale, the vice president now owns 6,877 shares of the company’s stock, valued at approximately $1,872,675.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Nicolas G. Schuck sold 1,293 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $291.28, for a total transaction of $376,625.04. Following the sale, the chief accounting officer now directly owns 2,250 shares of the company’s stock, valued at $655,380. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,572 shares of company stock valued at $2,161,024. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Down 0.7 %

HII stock opened at $246.92 on Thursday. The stock has a market cap of $9.74 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 2.32 and a beta of 0.60. The firm’s 50-day simple moving average is $280.71 and its 200 day simple moving average is $262.09. Huntington Ingalls Industries, Inc. has a fifty-two week low of $193.38 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 announced its quarterly earnings results 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 company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. Huntington Ingalls Industries had a net margin of 6.09% and a return on equity of 18.08%. Huntington Ingalls Industries’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $3.23 earnings per share. As a group, sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 16.35 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

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. The ex-dividend date of this dividend is Friday, May 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.11%. Huntington Ingalls Industries’s payout ratio is 29.31%.

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.