CENTRAL TRUST Co Grows Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

CENTRAL TRUST Co increased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HIIGet Rating) by 60.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,474 shares of the aerospace company’s stock after purchasing an additional 557 shares during the quarter. CENTRAL TRUST Co’s holdings in Huntington Ingalls Industries were worth $294,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Xponance Inc. boosted its position in shares of Huntington Ingalls Industries by 769.1% in the 1st quarter. Xponance Inc. now owns 21,833 shares of the aerospace company’s stock worth $4,354,000 after buying an additional 19,321 shares in the last quarter. Redpoint Investment Management Pty Ltd purchased a new position in Huntington Ingalls Industries in the 1st quarter valued at about $279,000. Gyroscope Capital Management Group LLC lifted its holdings in Huntington Ingalls Industries by 9.0% in the 1st quarter. Gyroscope Capital Management Group LLC now owns 36,392 shares of the aerospace company’s stock valued at $7,258,000 after purchasing an additional 3,015 shares in the last quarter. Global Trust Asset Management LLC lifted its holdings in Huntington Ingalls Industries by 74.5% in the 1st quarter. Global Trust Asset Management LLC now owns 1,267 shares of the aerospace company’s stock valued at $253,000 after purchasing an additional 541 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Huntington Ingalls Industries by 14.9% in the 4th quarter. First Trust Advisors LP now owns 186,211 shares of the aerospace company’s stock valued at $34,773,000 after purchasing an additional 24,210 shares in the last quarter. 85.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HII. StockNews.com began coverage on shares of Huntington Ingalls Industries in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Cowen upgraded shares of Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating and upped their target price for the company from $200.00 to $270.00 in a report on Thursday, April 14th. Finally, Cowen upgraded shares of Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating and upped their target price for the company from $200.00 to $270.00 in a report on Thursday, April 14th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of “Moderate Buy” and an average price target of $236.00.

Insider Buying and Selling

In related news, VP Edgar A. Green III sold 4,222 shares of the stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $207.99, for a total transaction of $878,133.78. Following the completion of the sale, the vice president now owns 5,809 shares of the company’s stock, valued at approximately $1,208,213.91. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.16% of the company’s stock.

Huntington Ingalls Industries Trading Down 0.0 %

NYSE HII opened at $208.73 on Monday. Huntington Ingalls Industries, Inc. has a 12 month low of $175.50 and a 12 month high of $228.66. The company has a 50-day moving average of $209.87 and a 200-day moving average of $204.48. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.15 and a quick ratio of 1.07. The company has a market cap of $8.36 billion, a P/E ratio of 15.65 and a beta of 0.72.

Huntington Ingalls Industries (NYSE:HIIGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The aerospace company reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.19. Huntington Ingalls Industries had a net margin of 5.46% and a return on equity of 21.69%. The company had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the prior year, the company posted $3.68 EPS. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. As a group, equities analysts predict that Huntington Ingalls Industries, Inc. will post 15.44 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 27th were given a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Thursday, May 26th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 35.38%.

About Huntington Ingalls Industries

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Huntington Ingalls Industries, Inc engages in designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. 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.

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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