BCGM Wealth Management LLC Makes New $1.13 Million Investment in Huntington Ingalls Industries, Inc. (NYSE:HII)

BCGM Wealth Management LLC bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,001 shares of the aerospace company’s stock, valued at approximately $1,134,000.

A number of other institutional investors have also recently bought and sold shares of the business. Van ECK Associates Corp raised its stake in Huntington Ingalls Industries by 94.5% during the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock worth $455,222,000 after acquiring an additional 863,800 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at $36,191,000. FMR LLC raised its holdings in shares of Huntington Ingalls Industries by 5.6% in the third quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock valued at $930,383,000 after buying an additional 187,411 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in Huntington Ingalls Industries in the 3rd quarter valued at about $47,698,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Huntington Ingalls Industries by 45.3% in the third quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock worth $80,886,000 after acquiring an additional 95,324 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

HII has been the topic of several research reports. TD Cowen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their target price on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. The Goldman Sachs Group cut their price objective on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a report on Monday, February 10th. Barclays dropped their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Finally, Alembic Global Advisors downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective for the company. in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $221.22.

Huntington Ingalls Industries Price Performance

NYSE:HII opened at $170.44 on Monday. The firm’s fifty day moving average price is $188.08 and its two-hundred day moving average price is $221.98. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. The company has a market cap of $6.67 billion, a P/E ratio of 12.21, a P/E/G ratio of 1.15 and a beta of 0.57. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS 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%. Equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed 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 yield of 3.17%. Huntington Ingalls Industries’s dividend payout ratio is 38.68%.

Insiders Place Their Bets

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

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.