Truvestments Capital LLC Makes New $48,000 Investment in Huntington Ingalls Industries, Inc. (NYSE:HII)

Truvestments Capital LLC acquired a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) during the 1st quarter, HoldingsChannel reports. The fund acquired 166 shares of the aerospace company’s stock, valued at approximately $48,000.

Several other hedge funds have also bought and sold shares of HII. Cranbrook Wealth Management LLC purchased a new stake in Huntington Ingalls Industries in the 4th quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Huntington Ingalls Industries in the 4th quarter worth approximately $30,000. American National Bank purchased a new stake in Huntington Ingalls Industries in the 1st quarter worth approximately $30,000. Riverview Trust Co purchased a new position in shares of Huntington Ingalls Industries during the 1st quarter valued at approximately $30,000. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Huntington Ingalls Industries during the 1st quarter valued at approximately $31,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

NYSE HII traded up $2.08 during mid-day trading on Friday, hitting $276.03. The stock had a trading volume of 297,115 shares, compared to its average volume of 252,215. The firm’s 50 day moving average is $252.22 and its 200 day moving average is $266.47. Huntington Ingalls Industries, Inc. has a twelve month low of $199.11 and a twelve month high of $299.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.89. The stock has a market capitalization of $10.88 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 2.36 and a beta of 0.53.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, May 2nd. The aerospace company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.50 by $0.37. Huntington Ingalls Industries had a return on equity of 18.08% and a net margin of 6.09%. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the company earned $3.23 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. Equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Friday, May 31st. Huntington Ingalls Industries’s dividend payout ratio is currently 29.31%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. StockNews.com lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Citigroup assumed coverage on Huntington Ingalls Industries in a research report on Monday, May 20th. They set a “buy” rating and a $310.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Huntington Ingalls Industries currently has an average rating of “Moderate Buy” and a consensus price target of $278.00.

Insider Activity at Huntington Ingalls Industries

In other news, VP Edmond E. Jr. Hughes sold 1,500 shares of Huntington Ingalls Industries stock in a transaction on Monday, May 20th. The stock was sold at an average price of $256.07, for a total transaction of $384,105.00. Following the transaction, the vice president now owns 8,135 shares in the company, valued at approximately $2,083,129.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, VP Jennifer R. Boykin sold 1,043 shares of Huntington Ingalls Industries stock in a transaction on Friday, May 10th. The stock was sold at an average price of $252.03, for a total transaction of $262,867.29. Following the transaction, the vice president now owns 11,961 shares in the company, valued at approximately $3,014,530.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Edmond E. Jr. Hughes sold 1,500 shares of Huntington Ingalls Industries stock in a transaction on Monday, May 20th. The stock was sold at an average price of $256.07, for a total value of $384,105.00. Following the transaction, the vice president now owns 8,135 shares in the company, valued at approximately $2,083,129.45. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Company Profile

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.