Total Wealth Planning & Management Inc. Invests $848,000 in Huntington Ingalls Industries, Inc. $HII

Total Wealth Planning & Management Inc. bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,493 shares of the aerospace company’s stock, valued at approximately $848,000.

A number of other hedge funds have also bought and sold shares of the company. TriaGen Wealth Management LLC raised its stake in Huntington Ingalls Industries by 1.6% during the fourth quarter. TriaGen Wealth Management LLC now owns 1,971 shares of the aerospace company’s stock worth $670,000 after buying an additional 31 shares during the last quarter. CI Investments Inc. raised its stake in Huntington Ingalls Industries by 16.7% during the third quarter. CI Investments Inc. now owns 231 shares of the aerospace company’s stock worth $67,000 after buying an additional 33 shares during the last quarter. Intrust Bank NA raised its stake in Huntington Ingalls Industries by 4.5% during the fourth quarter. Intrust Bank NA now owns 821 shares of the aerospace company’s stock worth $279,000 after buying an additional 35 shares during the last quarter. Oakworth Capital Inc. raised its stake in Huntington Ingalls Industries by 1.7% during the fourth quarter. Oakworth Capital Inc. now owns 2,205 shares of the aerospace company’s stock worth $750,000 after buying an additional 36 shares during the last quarter. Finally, Signaturefd LLC raised its stake in Huntington Ingalls Industries by 3.2% during the fourth quarter. Signaturefd LLC now owns 1,280 shares of the aerospace company’s stock worth $435,000 after buying an additional 40 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Up 2.4%

HII opened at $294.40 on Friday. Huntington Ingalls Industries, Inc. has a 1-year low of $215.04 and a 1-year high of $460.00. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52. The company has a market cap of $11.60 billion, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 1.22 and a beta of 0.23. The company has a fifty day moving average price of $354.29 and a two-hundred day moving average price of $371.91.

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

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.52 annualized dividend and a dividend yield of 1.9%. Huntington Ingalls Industries’s payout ratio is presently 35.91%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HII. Citigroup lowered their target price on shares of Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Sanford C. Bernstein reissued a “market perform” rating and set a $421.00 target price on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Bank of America raised shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $300.00 to $400.00 in a research note on Thursday, February 12th. Wells Fargo & Company began 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 target for the company. Finally, TD Cowen decreased their price target on shares of Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $388.50.

Insider Activity at Huntington Ingalls Industries

In other news, VP Edmond E. Jr. Hughes sold 3,500 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the completion of the sale, the vice president directly owned 8,391 shares of the company’s stock, 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 at this link. 0.80% of the stock is currently owned by insiders.

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.