BCGM Wealth Management LLC Buys Shares of 6,001 Huntington Ingalls Industries, Inc. (NYSE:HII)

BCGM Wealth Management LLC bought a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 4th quarter, according to the company in 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.

Other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at about $42,000. True Wealth Design LLC acquired a new position in Huntington Ingalls Industries in the third quarter valued at approximately $60,000. Wingate Wealth Advisors Inc. purchased a new position in Huntington Ingalls Industries in the fourth quarter valued at approximately $48,000. Capital Performance Advisors LLP acquired a new stake in Huntington Ingalls Industries during the third quarter worth approximately $68,000. Finally, Transamerica Financial Advisors Inc. acquired a new stake in Huntington Ingalls Industries during the third quarter worth approximately $70,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on HII shares. TD Cowen downgraded shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 target price on the stock. in a research report 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 report on Monday, February 10th. Deutsche Bank Aktiengesellschaft reduced their target price on Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating for the company in a report on Friday, November 1st. Bank of America decreased their target price on Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating for the company in a research report on Wednesday, November 13th. Finally, Barclays cut their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a research report on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently 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 acquired 2,120 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average price of $164.82 per share, with a total value of $349,418.40. Following the completion of the acquisition, the director now directly owns 7,967 shares of the company's stock, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Stock Performance

Shares of HII stock traded down $1.31 during midday trading on Monday, hitting $168.98. The company had a trading volume of 820,629 shares, compared to its average volume of 663,978. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 1.15 and a beta of 0.57. 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's 50 day simple moving average is $188.08 and its 200 day simple moving average is $221.98. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $299.50.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data 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 net margin of 4.77% and a return on equity of 12.81%. Research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.20%. Huntington Ingalls Industries's dividend payout ratio (DPR) 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.