HHM Wealth Advisors LLC Has $238,000 Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

HHM Wealth Advisors LLC raised its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 2,230.0% during the first quarter, HoldingsChannel reports. The firm owned 1,165 shares of the aerospace company’s stock after acquiring an additional 1,115 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Huntington Ingalls Industries were worth $238,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Sound View Wealth Advisors Group LLC acquired a new stake in shares of Huntington Ingalls Industries during the 1st quarter valued at $207,000. Natixis Advisors LLC boosted its holdings in shares of Huntington Ingalls Industries by 59.1% during the 1st quarter. Natixis Advisors LLC now owns 154,881 shares of the aerospace company’s stock valued at $31,602,000 after acquiring an additional 57,554 shares in the last quarter. Howard Capital Management Inc. acquired a new stake in shares of Huntington Ingalls Industries during the 1st quarter valued at $349,000. Wellington Shields & Co. LLC acquired a new stake in shares of Huntington Ingalls Industries during the 1st quarter valued at $439,000. Finally, Walled Lake Planning & Wealth Management LLC boosted its holdings in shares of Huntington Ingalls Industries by 9.4% during the 1st quarter. Walled Lake Planning & Wealth Management LLC now owns 26,561 shares of the aerospace company’s stock valued at $5,419,000 after acquiring an additional 2,282 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 1,965 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total transaction of $449,867.10. Following the completion of the sale, the vice president directly owned 21,228 shares in the company, valued at $4,859,938.32. This represents a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the company’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total transaction of $301,483.00. Following the sale, the vice president owned 9,581 shares of the company’s stock, valued at approximately $2,221,929.71. The trade was a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,225 shares of company stock worth $1,207,207. Corporate insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HII shares. Alembic Global Advisors raised Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 target price for the company in a research report on Thursday, May 15th. The Goldman Sachs Group raised their target price on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Barclays lifted their price objective on Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. Finally, TD Cowen raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries has a consensus rating of “Hold” and an average price target of $251.38.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII opened at $258.39 on Thursday. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $285.81. The company has a quick ratio of 0.99, a current ratio of 1.07 and a debt-to-equity ratio of 0.57. The stock’s 50 day moving average price is $241.14 and its 200-day moving average price is $214.94. The company has a market capitalization of $10.14 billion, a PE ratio of 18.62, a PEG ratio of 1.60 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.76% and a return on equity of 12.26%. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the prior year, the firm posted $3.87 earnings per share. The business’s quarterly revenue was down 2.5% on a year-over-year basis. On average, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.09%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.90%.

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.