Petra Financial Advisors Inc. Makes New Investment in Huntington Ingalls Industries, Inc. $HII

Petra Financial Advisors Inc. bought a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) during the first quarter, HoldingsChannel.com reports. The firm bought 1,891 shares of the aerospace company’s stock, valued at approximately $718,000.

Several other hedge funds and other institutional investors also recently modified their holdings of HII. Personal CFO Solutions LLC raised its holdings in shares of Huntington Ingalls Industries by 3.7% during the 1st quarter. Personal CFO Solutions LLC now owns 775 shares of the aerospace company’s stock worth $294,000 after buying an additional 28 shares in the last quarter. TriaGen Wealth Management LLC boosted its stake in Huntington Ingalls Industries by 1.6% in the fourth quarter. TriaGen Wealth Management LLC now owns 1,971 shares of the aerospace company’s stock valued at $670,000 after buying an additional 31 shares in the last quarter. Intrust Bank NA boosted its stake in Huntington Ingalls Industries by 4.5% in the fourth quarter. Intrust Bank NA now owns 821 shares of the aerospace company’s stock valued at $279,000 after buying an additional 35 shares in the last quarter. Oakworth Capital Inc. grew its position in Huntington Ingalls Industries by 1.7% in the fourth quarter. Oakworth Capital Inc. now owns 2,205 shares of the aerospace company’s stock valued at $750,000 after acquiring an additional 36 shares during the last quarter. Finally, Whittier Trust Co. grew its position in Huntington Ingalls Industries by 2.5% in the first quarter. Whittier Trust Co. now owns 1,532 shares of the aerospace company’s stock valued at $625,000 after acquiring an additional 38 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Down 0.5%

Shares of HII stock opened at $268.60 on Wednesday. The firm has a market capitalization of $10.58 billion, a P/E ratio of 17.48, a P/E/G ratio of 1.15 and a beta of 0.25. Huntington Ingalls Industries, Inc. has a twelve month low of $250.91 and a twelve month high of $460.00. The company has a quick ratio of 1.11, a current ratio of 1.19 and a debt-to-equity ratio of 0.52. The stock’s fifty day simple moving average is $295.79 and its 200 day simple moving average is $362.90.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, beating the consensus estimate of $3.70 by $0.09. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the company earned $3.79 earnings per share. As a group, sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 17.31 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were paid a $1.38 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. Huntington Ingalls Industries’s dividend payout ratio is currently 35.91%.

Insider Activity

In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $319.58, for a total value of $1,118,530.00. Following the completion of the transaction, the vice president owned 8,391 shares in the company, valued at $2,681,595.78. This trade represents a 29.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Weiss Ratings cut shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Citigroup decreased their price target on shares of Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. TD Cowen lowered their price objective on shares of Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Finally, Wells Fargo & Company started coverage on shares of Huntington Ingalls Industries in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 price objective for the company. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $374.00.

About Huntington Ingalls Industries

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.