Royal Bank of Canada Grows Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Royal Bank of Canada lifted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII – Get Rating) by 12.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,810 shares of the aerospace company’s stock after purchasing an additional 4,835 shares during the period. Royal Bank of Canada owned about 0.11% of Huntington Ingalls Industries worth $9,482,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Standard Family Office LLC purchased a new stake in shares of Huntington Ingalls Industries during the 3rd quarter worth $48,000. Point72 Asset Management L.P. lifted its position in shares of Huntington Ingalls Industries by 104.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 204,905 shares of the aerospace company’s stock worth $45,386,000 after purchasing an additional 104,681 shares during the last quarter. Guggenheim Capital LLC lifted its position in shares of Huntington Ingalls Industries by 46.0% during the 3rd quarter. Guggenheim Capital LLC now owns 7,948 shares of the aerospace company’s stock worth $1,760,000 after purchasing an additional 2,504 shares during the last quarter. Ergoteles LLC purchased a new stake in shares of Huntington Ingalls Industries during the 3rd quarter worth $535,000. Finally, Nuveen Asset Management LLC lifted its position in shares of Huntington Ingalls Industries by 5.1% during the 3rd quarter. Nuveen Asset Management LLC now owns 95,005 shares of the aerospace company’s stock worth $21,044,000 after purchasing an additional 4,575 shares during the last quarter. 86.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Huntington Ingalls Industries

In other news, Director Anastasi D. Kelly sold 3,662 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $222.41, for a total transaction of $814,465.42. Following the transaction, the director now directly owns 351 shares in the company, valued at $78,065.91. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Anastasi D. Kelly sold 3,662 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $222.41, for a total transaction of $814,465.42. Following the transaction, the director now directly owns 351 shares in the company, valued at $78,065.91. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Edgar A. Green III sold 1,717 shares of the company’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $214.96, for a total transaction of $369,086.32. Following the transaction, the vice president now owns 5,982 shares in the company, valued at $1,285,890.72. The disclosure for this sale can be found here. Insiders have sold a total of 6,924 shares of company stock worth $1,522,231 over the last ninety days. 2.16% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HII has been the subject of several recent analyst reports. TheStreet raised shares of Huntington Ingalls Industries from a “c+” rating to a “b-” rating in a research report on Wednesday, March 1st. Credit Suisse Group reduced their price target on shares of Huntington Ingalls Industries from $244.00 to $230.00 and set a “neutral” rating for the company in a research report on Friday, February 10th. The Goldman Sachs Group boosted their price target on shares of Huntington Ingalls Industries from $171.00 to $190.00 and gave the company a “sell” rating in a research report on Thursday, December 15th. JPMorgan Chase & Co. reduced their price target on shares of Huntington Ingalls Industries from $258.00 to $250.00 and set a “neutral” rating for the company in a research report on Tuesday, November 15th. Finally, Bank of America cut shares of Huntington Ingalls Industries from a “neutral” rating to an “underperform” rating and set a $230.00 price target for the company. in a research report on Friday, November 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $251.10.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII opened at $210.01 on Friday. The company has a 50-day simple moving average of $220.69 and a 200-day simple moving average of $229.49. Huntington Ingalls Industries, Inc. has a one year low of $189.76 and a one year high of $260.02. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 0.95. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 14.53 and a beta of 0.64.

Huntington Ingalls Industries (NYSE:HII – Get Rating) last announced its earnings results on Thursday, February 9th. The aerospace company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). Huntington Ingalls Industries had a net margin of 5.42% and a return on equity of 18.81%. The business had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the previous year, the company posted $2.99 earnings per share. Huntington Ingalls Industries’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts predict that Huntington Ingalls Industries, Inc. will post 14.53 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Friday, February 24th will be paid a dividend of $1.24 per share. The ex-dividend date of this dividend is Thursday, February 23rd. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.36%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 34.33%.

About Huntington Ingalls Industries

(Get Rating)

Huntington Ingalls Industries, Inc engages in the shipbuilding business. It operates through the following business segments: Ingalls, Newport News, and Mission Technologies. The Ingalls segment designs and constructs non-nuclear ships, including amphibious assault ships, expeditionary warfare ships, surface combatants, and national security cutters (NSC).