Friedenthal Financial Buys Shares of 2,595 Huntington Ingalls Industries, Inc. $HII

Friedenthal Financial bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,595 shares of the aerospace company’s stock, valued at approximately $986,000.

A number of other large investors have also made changes to their positions in the company. M&T Bank Corp raised its stake in shares of Huntington Ingalls Industries by 205.8% in the fourth quarter. M&T Bank Corp now owns 40,031 shares of the aerospace company’s stock worth $13,613,000 after buying an additional 26,940 shares during the period. Chase Investment Counsel Corp purchased a new position in shares of Huntington Ingalls Industries during the 4th quarter valued at about $4,634,000. Builder Investment Group Inc. ADV bought a new position in shares of Huntington Ingalls Industries during the 4th quarter valued at approximately $6,815,000. Kettle Hill Capital Management LLC grew its stake in shares of Huntington Ingalls Industries by 87.3% during the 3rd quarter. Kettle Hill Capital Management LLC now owns 60,816 shares of the aerospace company’s stock valued at $17,510,000 after acquiring an additional 28,347 shares during the period. Finally, Gradient Investments LLC increased its holdings in Huntington Ingalls Industries by 662.3% in the 4th quarter. Gradient Investments LLC now owns 44,806 shares of the aerospace company’s stock worth $15,237,000 after acquiring an additional 38,928 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Weiss Ratings cut shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Wells Fargo & Company assumed 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. TD Cowen decreased their price objective on shares of Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Finally, Citigroup decreased their price objective on shares of Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Huntington Ingalls Industries currently has an average rating of “Hold” and an average price target of $388.50.

Huntington Ingalls Industries Trading Down 1.2%

HII stock opened at $280.01 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.11. Huntington Ingalls Industries, Inc. has a 1-year low of $228.69 and a 1-year high of $460.00. The business has a 50 day simple moving average of $325.51 and a two-hundred day simple moving average of $370.01. The company has a market capitalization of $11.03 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 1.20 and a beta of 0.23.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.09. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter last year, the business posted $3.79 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. Research analysts anticipate that Huntington Ingalls Industries, Inc. will post 17.32 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 35.91%.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of Huntington Ingalls Industries stock in a transaction 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 sale, the vice president directly owned 8,391 shares in the company, valued at approximately $2,681,595.78. The trade was a 29.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.80% of the company’s stock.

Huntington Ingalls Industries Company Profile

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.