BCGM Wealth Management LLC Acquires New Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

BCGM Wealth Management LLC bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the fourth quarter, Holdings Channel reports. The fund bought 6,001 shares of the aerospace company’s stock, valued at approximately $1,134,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HII. Creative Planning raised its position in Huntington Ingalls Industries by 3.1% during the 3rd quarter. Creative Planning now owns 6,099 shares of the aerospace company’s stock worth $1,612,000 after purchasing an additional 181 shares during the last quarter. Raymond James & Associates raised its position in shares of Huntington Ingalls Industries by 10.9% during the third quarter. Raymond James & Associates now owns 57,083 shares of the aerospace company’s stock worth $15,092,000 after acquiring an additional 5,631 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Huntington Ingalls Industries by 8.0% in the third quarter. Private Advisor Group LLC now owns 6,705 shares of the aerospace company’s stock worth $1,773,000 after acquiring an additional 495 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in Huntington Ingalls Industries by 22.1% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 3,416 shares of the aerospace company’s stock valued at $903,000 after acquiring an additional 618 shares during the last quarter. Finally, Ballentine Partners LLC increased its position in Huntington Ingalls Industries by 8.4% during the 3rd quarter. Ballentine Partners LLC now owns 2,845 shares of the aerospace company’s stock valued at $752,000 after purchasing an additional 220 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a research note on Friday, November 1st. The Goldman Sachs Group dropped their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft decreased their target price on 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. TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a research note on Friday, November 1st. Finally, StockNews.com cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Huntington Ingalls Industries has an average rating of “Hold” and an average price target of $221.22.

Insider Buying and Selling

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein purchased 2,120 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the acquisition, the director now owns 7,967 shares of the company’s stock, valued at $1,313,120.94. The trade was a 36.26 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.72% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $170.44 on Monday. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $188.08 and a two-hundred day simple moving average of $221.98. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $299.50. The firm has a market capitalization of $6.67 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 1.15 and a beta of 0.57.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. Analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $1.35 per share. The ex-dividend date is Friday, February 28th. This represents a $5.40 annualized dividend and a dividend yield of 3.17%. Huntington Ingalls Industries’s payout ratio is 38.68%.

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.