Fulcrum Wealth Advisors LLC Makes New $561,000 Investment in Huntington Ingalls Industries, Inc. $HII

Fulcrum Wealth Advisors LLC purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 2,100 shares of the aerospace company’s stock, valued at approximately $561,000.

A number of other large investors have also recently added to or reduced their stakes in HII. BlackRock Inc. bought a new stake in shares of Huntington Ingalls Industries during the second quarter valued at approximately $944,877,000. Bank of New York Mellon Corp acquired a new position in shares of Huntington Ingalls Industries during the second quarter worth approximately $75,094,000. Deutsche Bank AG acquired a new position in shares of Huntington Ingalls Industries during the second quarter worth approximately $64,769,000. State Street Corp grew its holdings in Huntington Ingalls Industries by 8.4% in the 2nd quarter. State Street Corp now owns 2,922,717 shares of the aerospace company’s stock worth $818,039,000 after buying an additional 227,439 shares in the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new position in Huntington Ingalls Industries in the 2nd quarter worth approximately $55,449,000. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HII has been the topic of several analyst reports. Sanford C. Bernstein lowered their target price on Huntington Ingalls Industries from $327.00 to $304.00 and set a “market perform” rating on the stock in a research report on Wednesday. Weiss Ratings raised Huntington Ingalls Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 31st. TD Cowen reduced their price target on Huntington Ingalls Industries from $360.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Wolfe Research upgraded Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price target for the company in a research report on Friday, July 31st. Finally, Citigroup increased their price target on Huntington Ingalls Industries from $349.00 to $379.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Five equities 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, the company has an average rating of “Moderate Buy” and an average target price of $361.75.

Huntington Ingalls Industries Stock Up 1.7%

Huntington Ingalls Industries stock opened at $271.76 on Friday. The stock has a market cap of $10.71 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 1.02 and a beta of 0.21. The company has a current ratio of 1.23, a quick ratio of 1.14 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average price is $284.61 and its two-hundred day moving average price is $308.90. Huntington Ingalls Industries, Inc. has a 52 week low of $255.35 and a 52 week high of $460.00.

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

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 28th were issued 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 dividend payout ratio (DPR) is 32.90%.

Insider Activity at Huntington Ingalls Industries

In related news, CEO Christopher Kastner sold 13,070 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $324.92, for a total transaction of $4,246,704.40. Following the transaction, the chief executive officer owned 11,224 shares in the company, valued at $3,646,902.08. This trade represents a 53.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.80% of the stock is owned by corporate insiders.

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.