Citizens Financial Group Inc. RI purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 24,122 shares of the aerospace company's stock, valued at approximately $6,752,000. Citizens Financial Group Inc. RI owned 0.06% of Huntington Ingalls Industries as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Bayban purchased a new position in Huntington Ingalls Industries during the 1st quarter valued at about $27,000. NBC Securities Inc. increased its stake in Huntington Ingalls Industries by 87.2% during the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company's stock worth $30,000 after purchasing an additional 41 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in Huntington Ingalls Industries during the first quarter worth about $36,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Huntington Ingalls Industries during the second quarter worth about $25,000. Finally, Rakuten Securities Inc. lifted its position in shares of Huntington Ingalls Industries by 140.0% during 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 in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the business's stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $319.58, for a total value of $1,118,530.00. Following the completion of the sale, the vice president owned 8,391 shares in the company, valued at approximately $2,681,595.78. The trade was a 29.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher D. Kastner sold 13,070 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $324.92, for a total value of $4,246,704.40. Following the completion of the sale, the chief executive officer directly owned 11,224 shares of the company's stock, valued at $3,646,902.08. The trade was a 53.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.80% of the stock is currently owned by insiders.
Huntington Ingalls Industries Stock Performance
NYSE HII opened at $318.46 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.23 and a quick ratio of 1.14. Huntington Ingalls Industries, Inc. has a 1 year low of $262.66 and a 1 year high of $460.00. The company has a market capitalization of $12.55 billion, a PE ratio of 18.98, a P/E/G ratio of 1.25 and a beta of 0.24. The company has a fifty day moving average of $295.40 and a two-hundred day moving average of $351.51.
Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its earnings results on Thursday, July 30th. The aerospace company reported $5.27 EPS for the quarter, topping analysts' consensus estimates of $3.79 by $1.48. Huntington Ingalls Industries had a return on equity of 12.89% and a net margin of 5.01%.The business had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.15 billion. During the same quarter in the previous year, the firm earned $3.86 earnings per share. The business's revenue was up 10.9% compared to the same quarter last year. As a group, analysts expect that Huntington Ingalls Industries, Inc. will post 18.19 earnings per share for the current 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 dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, August 28th. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 32.90%.
Analyst Ratings Changes
HII has been the subject of a number of research reports. Weiss Ratings restated a "hold (c+)" rating on shares of Huntington Ingalls Industries in a report on Monday, August 3rd. TD Cowen cut their price target on Huntington Ingalls Industries from $420.00 to $360.00 and set a "buy" rating on the stock in a report on Monday, July 13th. Wells Fargo & Company increased their price objective on Huntington Ingalls Industries from $325.00 to $340.00 and gave the company an "equal weight" rating in a report on Tuesday, August 4th. Wolfe Research upgraded Huntington Ingalls Industries from a "peer perform" rating to an "outperform" rating and set a $364.00 target price for the company in a research note on Friday, July 31st. Finally, Wall Street Zen downgraded Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a report on Monday, May 18th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $378.88.
Check Out Our Latest Analysis on Huntington Ingalls Industries
Huntington Ingalls Industries Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding HII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report).
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