Insight Wealth Strategies LLC Buys 9,261 Shares of Huntington Ingalls Industries, Inc. $HII

Insight Wealth Strategies LLC grew its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 70.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,484 shares of the aerospace company’s stock after purchasing an additional 9,261 shares during the period. Insight Wealth Strategies LLC’s holdings in Huntington Ingalls Industries were worth $6,272,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. CYBER HORNET ETFs LLC purchased a new stake in Huntington Ingalls Industries in the second quarter worth about $25,000. Rakuten Securities Inc. boosted its position in Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 63 shares in the last quarter. Bayban purchased a new position in shares of Huntington Ingalls Industries during the 1st quarter worth approximately $27,000. NBC Securities Inc. raised its position in shares of Huntington Ingalls Industries by 87.2% in the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 41 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Huntington Ingalls Industries by 363.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 109 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of Huntington Ingalls Industries stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $319.58, for a total value of $1,118,530.00. Following the completion of the sale, the vice president owned 8,391 shares of the company’s stock, valued at approximately $2,681,595.78. This trade represents a 29.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher D. Kastner sold 13,070 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $324.92, for a total value of $4,246,704.40. Following the completion of the transaction, the chief executive officer owned 11,224 shares of the company’s stock, valued at $3,646,902.08. This represents a 53.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.80% of the company’s stock.

Huntington Ingalls Industries Stock Down 0.9%

NYSE:HII opened at $327.73 on Wednesday. The firm has a market cap of $12.91 billion, a P/E ratio of 19.53, a P/E/G ratio of 1.27 and a beta of 0.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.14 and a current ratio of 1.23. Huntington Ingalls Industries, Inc. has a fifty-two week low of $262.66 and a fifty-two week high of $460.00. The firm has a 50-day simple moving average of $292.76 and a two-hundred day simple moving average of $354.17.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, July 30th. The aerospace company reported $5.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the prior year, the firm posted $3.86 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. Analysts predict that Huntington Ingalls Industries, Inc. will post 18.04 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued 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 payout ratio is presently 32.90%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wolfe Research upgraded Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 target price for the company in a research note on Friday, July 31st. Wells Fargo & Company upped their price target on Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. Citigroup increased 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. Wall Street Zen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Huntington Ingalls Industries in a report on Monday, August 3rd. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $378.88.

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.