PNC Financial Services Group Inc. Has $2.96 Million Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

PNC Financial Services Group Inc. increased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 24.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,489 shares of the aerospace company's stock after purchasing an additional 2,850 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Huntington Ingalls Industries were worth $2,956,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in shares of Huntington Ingalls Industries by 6.1% during the fourth quarter. Wellington Management Group LLP now owns 6,420 shares of the aerospace company's stock worth $1,213,000 after buying an additional 370 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in Huntington Ingalls Industries during the 4th quarter worth approximately $2,151,000. Russell Investments Group Ltd. increased its holdings in Huntington Ingalls Industries by 215.4% during the 4th quarter. Russell Investments Group Ltd. now owns 90,119 shares of the aerospace company's stock valued at $17,030,000 after purchasing an additional 61,548 shares in the last quarter. Bank of Montreal Can raised its position in Huntington Ingalls Industries by 4.9% in the 4th quarter. Bank of Montreal Can now owns 37,340 shares of the aerospace company's stock valued at $7,056,000 after purchasing an additional 1,758 shares during the last quarter. Finally, FIL Ltd acquired a new position in Huntington Ingalls Industries in the fourth quarter worth $3,489,000. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Price Performance

HII opened at $266.05 on Friday. The company has a fifty day moving average price of $246.46 and a two-hundred day moving average price of $217.84. The firm has a market capitalization of $10.44 billion, a PE ratio of 19.91, a P/E/G ratio of 1.64 and a beta of 0.33. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $293.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.63. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the company earned $4.38 EPS. The firm's revenue was up 3.5% on a year-over-year basis. As a group, analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, August 29th. Huntington Ingalls Industries's payout ratio is presently 40.42%.

Insider Activity at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 1,965 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total value of $449,867.10. Following the sale, the vice president directly owned 21,228 shares in the company, valued at $4,859,938.32. This trade represents a 8.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.72% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price for the company in a research note on Thursday, May 15th. Barclays raised their price objective on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a research report on Monday. Wall Street Zen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and raised their price target for the company from $250.00 to $300.00 in a report on Thursday, July 10th. Finally, The Goldman Sachs Group upped their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $258.88.

Huntington Ingalls Industries Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.