Family Firm Inc. Invests $35,000 in Huntington Ingalls Industries, Inc. (NYSE:HII)

Family Firm Inc. acquired a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 143 shares of the aerospace company’s stock, valued at approximately $35,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Huntington Ingalls Industries by 4.9% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 2,621 shares of the aerospace company’s stock valued at $681,000 after purchasing an additional 123 shares in the last quarter. SteelPeak Wealth LLC purchased a new stake in Huntington Ingalls Industries during the 2nd quarter valued at $1,769,000. UBS Group AG lifted its holdings in shares of Huntington Ingalls Industries by 28.4% during the 4th quarter. UBS Group AG now owns 159,061 shares of the aerospace company’s stock valued at $41,299,000 after buying an additional 35,142 shares during the period. SG Americas Securities LLC grew its holdings in shares of Huntington Ingalls Industries by 950.1% in the first quarter. SG Americas Securities LLC now owns 38,454 shares of the aerospace company’s stock worth $11,208,000 after acquiring an additional 34,792 shares during the period. Finally, Prevatt Capital Ltd purchased a new stake in Huntington Ingalls Industries during the fourth quarter valued at $15,578,000. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HII has been the subject of a number of recent research reports. StockNews.com downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Citigroup started coverage on Huntington Ingalls Industries in a report on Monday, May 20th. They set a “buy” rating and a $310.00 price target for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $278.00.

Huntington Ingalls Industries Price Performance

NYSE:HII traded up $2.40 during trading hours on Friday, reaching $274.51. The stock had a trading volume of 157,116 shares, compared to its average volume of 299,544. The stock has a market capitalization of $10.82 billion, a PE ratio of 15.47, a PEG ratio of 2.28 and a beta of 0.53. Huntington Ingalls Industries, Inc. has a 52 week low of $199.11 and a 52 week high of $299.50. The company has a 50 day moving average price of $259.13 and a two-hundred day moving average price of $267.76. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.89 and a current ratio of 0.82.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.77. The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.27 EPS. As a group, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.32 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $1.30 dividend. The ex-dividend date is Friday, August 30th. This represents a $5.20 annualized dividend and a dividend yield of 1.89%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.31%.

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.