Huntington Ingalls Industries, Inc. $HII Shares Newly Purchased by Fulcrum Wealth Advisors LLC

Fulcrum Wealth Advisors LLC purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,100 shares of the aerospace company’s stock, valued at approximately $561,000.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at about $944,877,000. State Street Corp increased its position in Huntington Ingalls Industries by 8.4% during the 2nd quarter. State Street Corp now owns 2,922,717 shares of the aerospace company’s stock worth $818,039,000 after purchasing an additional 227,439 shares in the last quarter. First Trust Advisors LP increased its position in Huntington Ingalls Industries by 2.4% during the 1st quarter. First Trust Advisors LP now owns 832,452 shares of the aerospace company’s stock worth $316,249,000 after purchasing an additional 19,843 shares in the last quarter. Sei Investments Co. increased its position in Huntington Ingalls Industries by 2.3% during the 1st quarter. Sei Investments Co. now owns 471,429 shares of the aerospace company’s stock worth $179,097,000 after purchasing an additional 10,406 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Huntington Ingalls Industries in the second quarter valued at approximately $75,094,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Huntington Ingalls Industries

In related news, CEO Christopher Kastner sold 13,070 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $324.92, for a total value of $4,246,704.40. Following the completion of the transaction, the chief executive officer owned 11,224 shares of the company’s stock, valued at approximately $3,646,902.08. This represents a 53.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

HII has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 4th. Wolfe Research upgraded shares of Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price objective for the company in a research note on Friday, July 31st. Citigroup increased their price objective on shares of Huntington Ingalls Industries from $349.00 to $379.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Weiss Ratings raised shares of Huntington Ingalls Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 31st. Finally, Sanford C. Bernstein cut their target price on shares of Huntington Ingalls Industries from $327.00 to $304.00 and set a “market perform” rating on the stock in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $361.75.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $271.76 on Friday. Huntington Ingalls Industries, Inc. has a 12-month low of $255.35 and a 12-month high of $460.00. The company has a market capitalization of $10.71 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 1.02 and a beta of 0.21. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.23 and a quick ratio of 1.14. The firm’s fifty day moving average price is $284.61 and its 200 day moving average price is $308.90.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, July 30th. The aerospace company reported $5.27 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.48. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.15 billion. Huntington Ingalls Industries had a net margin of 5.01% and a return on equity of 12.89%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.86 EPS. On average, research analysts forecast that Huntington Ingalls Industries, Inc. will post 18.47 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 28th were paid a $1.38 dividend. The ex-dividend date was Friday, August 28th. This represents a $5.52 annualized dividend and a dividend yield of 2.0%. Huntington Ingalls Industries’s payout ratio is 32.90%.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc (NYSE:HII) is a U.S. defense company that designs, builds, maintains and modernizes military ships and provides technology services to government and defense customers. Its principal customers include the U.S. Navy, Marine Corps, Coast Guard, intelligence agencies and other federal organizations.

Through Newport News Shipbuilding, HII builds and services nuclear-powered aircraft carriers and supports the construction and maintenance of nuclear-powered submarines.