Farmers & Merchants Investments Inc. Acquires 389 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Farmers & Merchants Investments Inc. increased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,519 shares of the aerospace company’s stock after purchasing an additional 389 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Huntington Ingalls Industries were worth $1,942,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HII. Yousif Capital Management LLC increased its position in Huntington Ingalls Industries by 1.6% in the fourth quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company’s stock worth $610,000 after purchasing an additional 52 shares during the last quarter. Empowered Funds LLC bought a new position in Huntington Ingalls Industries during the fourth quarter valued at $1,189,000. Asset Management One Co. Ltd. increased its position in Huntington Ingalls Industries by 1.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 14,940 shares of the aerospace company’s stock valued at $2,845,000 after acquiring an additional 231 shares during the last quarter. V Square Quantitative Management LLC increased its position in Huntington Ingalls Industries by 32.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,125 shares of the aerospace company’s stock valued at $213,000 after acquiring an additional 276 shares during the last quarter. Finally, Roman Butler Fullerton & Co. bought a new position in Huntington Ingalls Industries during the fourth quarter valued at $343,000. Institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In related news, VP Edmond E. Jr. Hughes sold 1,300 shares of the company’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total value of $301,483.00. Following the completion of the sale, the vice president now directly owns 9,581 shares of the company’s stock, valued at $2,221,929.71. This represents a 11.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Chad N. Boudreaux sold 1,965 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total transaction of $449,867.10. Following the completion of the sale, the vice president now directly owns 21,228 shares of the company’s stock, valued at approximately $4,859,938.32. This trade represents a 8.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,225 shares of company stock valued at $1,207,207 over the last three months. 0.72% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 price objective on the stock in a research report on Thursday, May 15th. Barclays boosted their price objective on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. Finally, The Goldman Sachs Group boosted their price objective on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $236.38.

Huntington Ingalls Industries Stock Up 1.5%

Shares of HII opened at $232.59 on Friday. The firm has a market capitalization of $9.13 billion, a P/E ratio of 16.66, a P/E/G ratio of 1.15 and a beta of 0.29. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $285.81. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The firm has a fifty day moving average price of $223.31 and a 200-day moving average price of $201.89.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.89. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.80 billion. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The business’s revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.87 earnings per share. Equities research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Friday, May 30th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.90%.

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.