Truvestments Capital LLC Invests $42,000 in Huntington Ingalls Industries, Inc. (NYSE:HII)

Truvestments Capital LLC bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 157 shares of the aerospace company’s stock, valued at approximately $42,000.

Other large investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Huntington Ingalls Industries in the 2nd quarter worth about $26,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Huntington Ingalls Industries in the 3rd quarter worth about $29,000. Family Firm Inc. bought a new stake in shares of Huntington Ingalls Industries in the 2nd quarter worth about $35,000. Rothschild Investment LLC bought a new stake in shares of Huntington Ingalls Industries in the 2nd quarter worth about $37,000. Finally, ORG Partners LLC increased its holdings in shares of Huntington Ingalls Industries by 484.6% in the 2nd quarter. ORG Partners LLC now owns 152 shares of the aerospace company’s stock worth $38,000 after buying an additional 126 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Price Performance

Shares of HII stock opened at $199.33 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. The company has a market capitalization of $7.80 billion, a P/E ratio of 11.26, a P/E/G ratio of 1.85 and a beta of 0.55. The company’s 50-day simple moving average is $235.67 and its two-hundred day simple moving average is $250.84. Huntington Ingalls Industries, Inc. has a one year low of $184.29 and a one year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. Huntington Ingalls Industries’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.70 earnings per share. As a group, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.63 EPS 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 $1.35 dividend. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is currently 29.36%.

Insider Activity

In other news, VP D R. Wyatt sold 400 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on HII shares. The Goldman Sachs Group dropped their price target on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Wolfe Research cut shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Alembic Global Advisors cut shares of 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. Finally, Vertical Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target for the company. in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $228.89.

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.