Evermay Wealth Management LLC Acquires Shares of 108 Huntington Ingalls Industries, Inc. (NYSE:HII)

Evermay Wealth Management LLC bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 108 shares of the aerospace company’s stock, valued at approximately $31,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HII. Cranbrook Wealth Management LLC bought a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth $28,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth $30,000. American National Bank bought a new stake in shares of Huntington Ingalls Industries during the first quarter worth $30,000. Riverview Trust Co bought a new stake in shares of Huntington Ingalls Industries in the first quarter worth $30,000. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Huntington Ingalls Industries in the first quarter worth $31,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock traded up $8.65 on Thursday, reaching $273.95. 311,524 shares of the company traded hands, compared to its average volume of 301,777. The company has a 50 day moving average of $251.82 and a 200 day moving average of $266.23. The firm has a market capitalization of $10.80 billion, a PE ratio of 15.44, a PEG ratio of 2.28 and a beta of 0.53. Huntington Ingalls Industries, Inc. has a 52 week low of $199.11 and a 52 week 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.

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

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Friday, May 31st. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.31%.

Insider Activity

In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 1,043 shares of Huntington Ingalls Industries stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $252.03, for a total value of $262,867.29. Following the completion of the transaction, the vice president now directly owns 11,961 shares of the company’s stock, valued at $3,014,530.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Edmond E. Jr. Hughes sold 1,500 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $256.07, for a total value of $384,105.00. Following the transaction, the vice president now directly owns 8,135 shares in the company, valued at $2,083,129.45. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Jennifer R. Boykin sold 1,043 shares of the stock in a transaction dated 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 $3,014,530.83. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on HII shares. Citigroup started coverage on shares of Huntington Ingalls Industries in a research note on Monday, May 20th. They issued a “buy” rating and a $310.00 price objective on the stock. StockNews.com cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 3rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $278.00.

Huntington Ingalls Industries 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.