Drucker Wealth 3.0 LLC Purchases Shares of 9,769 Huntington Ingalls Industries, Inc. (NYSE:HII)

Drucker Wealth 3.0 LLC purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,769 shares of the aerospace company's stock, valued at approximately $2,406,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Riverview Trust Co bought a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at about $30,000. American National Bank bought a new position in shares of Huntington Ingalls Industries in the first quarter valued at about $30,000. Fidelis Capital Partners LLC acquired a new stake in shares of Huntington Ingalls Industries during the 1st quarter worth about $31,000. Larson Financial Group LLC raised its holdings in Huntington Ingalls Industries by 158.5% in the 1st quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company's stock valued at $31,000 after acquiring an additional 65 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Huntington Ingalls Industries during the 2nd quarter worth approximately $26,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Price Performance

NYSE HII traded up $3.34 on Thursday, hitting $260.36. 397,920 shares of the company's stock were exchanged, compared to its average volume of 312,080. The stock has a 50-day moving average of $268.29 and a 200-day moving average of $265.07. The stock has a market cap of $10.27 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 2.33 and a beta of 0.52. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41. Huntington Ingalls Industries, Inc. has a 52 week low of $199.11 and a 52 week high of $299.50.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The aerospace company reported $4.38 EPS for the quarter, beating the consensus estimate of $3.61 by $0.77. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the prior year, the firm earned $3.27 EPS. The firm's revenue was up 6.8% compared to the same quarter last year. Analysts expect that Huntington Ingalls Industries, Inc. will post 16.57 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, August 30th. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 29.31%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut shares of Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and boosted their target price for the company from $280.00 to $285.00 in a research report on Monday, September 9th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Huntington Ingalls Industries presently has a consensus rating of "Hold" and an average price target of $275.50.

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.