True Wealth Design LLC Acquires Shares of 227 Huntington Ingalls Industries, Inc. (NYSE:HII)

True Wealth Design LLC bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 227 shares of the aerospace company’s stock, valued at approximately $60,000.

Other institutional investors have also modified their holdings of the company. Rosenberg Matthew Hamilton raised its position in shares of Huntington Ingalls Industries by 8.2% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company’s stock valued at $139,000 after purchasing an additional 40 shares in the last quarter. Oliver Lagore Vanvalin Investment Group boosted its stake in Huntington Ingalls Industries by 9.1% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 492 shares of the aerospace company’s stock valued at $121,000 after acquiring an additional 41 shares during the last quarter. Ballentine Partners LLC boosted its stake in Huntington Ingalls Industries by 1.6% during the 2nd quarter. Ballentine Partners LLC now owns 2,625 shares of the aerospace company’s stock valued at $647,000 after acquiring an additional 42 shares during the last quarter. GAMMA Investing LLC grew its holdings in Huntington Ingalls Industries by 16.4% during the 2nd quarter. GAMMA Investing LLC now owns 320 shares of the aerospace company’s stock worth $79,000 after acquiring an additional 45 shares in the last quarter. Finally, Hilltop National Bank increased its position in shares of Huntington Ingalls Industries by 15.1% in the 2nd quarter. Hilltop National Bank now owns 359 shares of the aerospace company’s stock worth $88,000 after purchasing an additional 47 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insiders Place Their Bets

In other news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the transaction, the vice president now directly owns 19,627 shares in the company, valued at approximately $4,028,245.48. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HII shares. Alembic Global Advisors downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target for the company. in a research note on Friday, November 1st. Bank of America lowered their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a report on Wednesday, November 13th. The Goldman Sachs Group reduced their price objective on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $280.00 to $285.00 in a research note on Monday, September 9th. Finally, Barclays reduced their price target on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Huntington Ingalls Industries presently has an average rating of “Hold” and a consensus price target of $228.89.

Huntington Ingalls Industries Stock Performance

HII opened at $197.92 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $231.51 and its 200-day moving average is $249.73. The stock has a market cap of $7.74 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 1.85 and a beta of 0.55. Huntington Ingalls Industries, Inc. has a twelve month low of $184.29 and a twelve month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The company’s revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.70 EPS. On average, analysts predict that Huntington Ingalls Industries, Inc. will post 14.51 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $1.35 per share. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date is Friday, November 29th. This represents a $5.40 annualized dividend and a yield of 2.73%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.36%.

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.