Meeder Advisory Services Inc. Makes New Investment in Huntington Ingalls Industries, Inc. $HII

Meeder Advisory Services Inc. acquired a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,471 shares of the aerospace company’s stock, valued at approximately $972,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bayban bought a new position in shares of Huntington Ingalls Industries in the 1st quarter worth approximately $27,000. NBC Securities Inc. boosted its position in shares of Huntington Ingalls Industries by 87.2% during the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 41 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in shares of Huntington Ingalls Industries during the first quarter valued at approximately $36,000. CYBER HORNET ETFs LLC bought a new stake in shares of Huntington Ingalls Industries during the second quarter valued at approximately $25,000. Finally, Rakuten Securities Inc. grew its stake in Huntington Ingalls Industries by 140.0% in the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 63 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

HII has been the subject of a number of research reports. Wall Street Zen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Wells Fargo & Company boosted their target price on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the company an “equal weight” rating in a report on Tuesday, August 4th. Citigroup upped their target price on shares of Huntington Ingalls Industries from $349.00 to $379.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Weiss Ratings lowered shares of Huntington Ingalls Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Finally, TD Cowen lowered their price target on shares of Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $378.88.

Insider Activity

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

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $311.70 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $12.28 billion, a P/E ratio of 18.58, a PEG ratio of 1.20 and a beta of 0.24. The stock’s 50 day moving average is $296.27 and its 200 day moving average is $349.94. Huntington Ingalls Industries, Inc. has a twelve month low of $262.66 and a twelve month high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, July 30th. The aerospace company reported $5.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.48. The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Huntington Ingalls Industries had a return on equity of 12.89% and a net margin of 5.01%.The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.86 earnings per share. On average, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 18.35 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be paid a $1.38 dividend. The ex-dividend date is Friday, August 28th. This represents a $5.52 dividend on an annualized basis and a yield of 1.8%. Huntington Ingalls Industries’s payout ratio is presently 32.90%.

About Huntington Ingalls Industries

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.