Friedenthal Financial Purchases New Position in Huntington Ingalls Industries, Inc. $HII

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

A number of other large investors have also added to or reduced their stakes in the company. Apella Capital LLC purchased a new stake in shares of Huntington Ingalls Industries during the 1st quarter worth approximately $287,000. Faithward Advisors LLC grew its holdings in shares of Huntington Ingalls Industries by 0.4% in the first quarter. Faithward Advisors LLC now owns 15,828 shares of the aerospace company’s stock valued at $6,013,000 after purchasing an additional 66 shares in the last quarter. Baker Ellis Asset Management LLC grew its holdings in shares of Huntington Ingalls Industries by 0.6% in the first quarter. Baker Ellis Asset Management LLC now owns 11,735 shares of the aerospace company’s stock valued at $4,458,000 after purchasing an additional 70 shares in the last quarter. Capital Advisors Ltd. LLC increased its position in Huntington Ingalls Industries by 18.4% in the first quarter. Capital Advisors Ltd. LLC now owns 978 shares of the aerospace company’s stock worth $372,000 after purchasing an additional 152 shares during the last quarter. Finally, CPC Advisors LLC bought a new stake in Huntington Ingalls Industries in the first quarter worth $3,094,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Down 1.2%

HII opened at $280.01 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19. The stock’s 50 day moving average price is $325.51 and its 200-day moving average price is $370.01. Huntington Ingalls Industries, Inc. has a one year low of $228.69 and a one year high of $460.00. The stock has a market cap of $11.03 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 1.20 and a beta of 0.23.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.09. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the company earned $3.79 EPS. Huntington Ingalls Industries’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 17.32 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.0%. Huntington Ingalls Industries’s dividend payout ratio is presently 35.91%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. TD Cowen lowered their price objective on shares of Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Weiss Ratings downgraded shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Wells Fargo & Company assumed coverage on shares of Huntington Ingalls Industries in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 target price on the stock. Citigroup lowered their price target on shares of Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating for the company in a report on Monday, May 18th. Finally, Wall Street Zen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average target price of $388.50.

Insider Activity at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $319.58, for a total value of $1,118,530.00. Following the completion of the sale, the vice president directly owned 8,391 shares in the company, valued at $2,681,595.78. The trade was a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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.