Truvestments Capital LLC Acquires New Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Truvestments Capital LLC acquired a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 166 shares of the aerospace company’s stock, valued at approximately $48,000.

A number of other institutional investors have also recently made changes to their positions in HII. Cranbrook Wealth Management LLC purchased a new stake in shares of Huntington Ingalls Industries during the 4th quarter valued at about $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Huntington Ingalls Industries during the 4th quarter valued at about $30,000. American National Bank purchased a new stake in shares of Huntington Ingalls Industries during the 1st quarter valued at about $30,000. Riverview Trust Co purchased a new stake in shares of Huntington Ingalls Industries during the 1st quarter valued at about $30,000. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Huntington Ingalls Industries during the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Citigroup assumed coverage on shares of Huntington Ingalls Industries in a report on Monday, May 20th. They set a “buy” rating and a $310.00 price target on the stock. StockNews.com downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $278.00.

Huntington Ingalls Industries Stock Performance

Shares of HII traded up $2.08 on Friday, reaching $276.03. The company’s stock had a trading volume of 297,115 shares, compared to its average volume of 252,215. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.89. The stock has a market capitalization of $10.88 billion, a P/E ratio of 15.56, a PEG ratio of 2.36 and a beta of 0.53. The stock’s 50 day simple moving average is $252.22 and its two-hundred day simple moving average is $266.47. Huntington Ingalls Industries, Inc. has a 12-month low of $199.11 and a 12-month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter last year, the firm posted $3.23 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. Research analysts forecast that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Friday, May 31st. Huntington Ingalls Industries’s payout ratio is 29.31%.

Insiders Place Their Bets

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

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.