Roman Butler Fullerton & Co. Takes $719,000 Position in Huntington Ingalls Industries, Inc. $HII

Roman Butler Fullerton & Co. acquired a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 2,522 shares of the aerospace company’s stock, valued at approximately $719,000.

A number of other institutional investors and hedge funds have also bought and sold shares of HII. CYBER HORNET ETFs LLC bought a new stake in Huntington Ingalls Industries in the 2nd quarter valued at $25,000. Rakuten Securities Inc. grew its position in Huntington Ingalls Industries by 140.0% in the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 63 shares during the last quarter. Bayban bought a new position in shares of Huntington Ingalls Industries during the 1st quarter worth about $27,000. NBC Securities Inc. raised its position in shares of Huntington Ingalls Industries by 87.2% during the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after buying an additional 41 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Huntington Ingalls Industries by 363.3% during the second quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock valued at $33,000 after buying an additional 109 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on HII. Weiss Ratings reissued a “hold (c+)” rating on shares of Huntington Ingalls Industries in a research report on Monday, August 3rd. Wall Street Zen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Citigroup lifted their price objective on Huntington Ingalls Industries from $349.00 to $379.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Wells Fargo & Company boosted their price objective on Huntington Ingalls Industries from $325.00 to $340.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 4th. Finally, TD Cowen cut their target price on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, July 13th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Moderate Buy” and an average target price of $378.88.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, CEO Christopher D. Kastner sold 13,070 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $324.92, for a total value of $4,246,704.40. Following the sale, the chief executive officer owned 11,224 shares in the company, valued at approximately $3,646,902.08. The trade was a 53.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Edmond E. Jr. Hughes sold 3,500 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was 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 in the company, valued at approximately $2,681,595.78. The trade was a 29.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.80% of the company’s stock.

Huntington Ingalls Industries Stock Up 0.1%

Shares of HII opened at $327.90 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $294.87 and a two-hundred day moving average price of $352.24. The stock has a market cap of $12.92 billion, a price-to-earnings ratio of 19.54, a P/E/G ratio of 1.25 and a beta of 0.24. Huntington Ingalls Industries, Inc. has a 12 month low of $262.66 and a 12 month high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, July 30th. The aerospace company reported $5.27 earnings per share for the quarter, beating the consensus estimate of $3.79 by $1.48. Huntington Ingalls Industries had a return on equity of 12.89% and a net margin of 5.01%.The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period in the prior year, the company posted $3.86 EPS. The company’s revenue was up 10.9% compared to the same quarter last year. Equities analysts predict that Huntington Ingalls Industries, Inc. will post 18.19 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, August 28th. Huntington Ingalls Industries’s dividend payout ratio is 32.90%.

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.