CIBC Asset Management Inc Has $1.43 Million Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

CIBC Asset Management Inc cut its holdings in Huntington Ingalls Industries, Inc. (NYSE:HIIFree Report) by 5.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,498 shares of the aerospace company’s stock after selling 290 shares during the quarter. CIBC Asset Management Inc’s holdings in Huntington Ingalls Industries were worth $1,428,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in shares of Huntington Ingalls Industries by 5,658.6% in the fourth quarter. Van ECK Associates Corp now owns 684,235 shares of the aerospace company’s stock valued at $177,655,000 after buying an additional 672,353 shares during the period. Qube Research & Technologies Ltd grew its holdings in shares of Huntington Ingalls Industries by 266.4% during the third quarter. Qube Research & Technologies Ltd now owns 171,496 shares of the aerospace company’s stock worth $35,085,000 after buying an additional 124,685 shares in the last quarter. TD Asset Management Inc raised its position in Huntington Ingalls Industries by 745.3% in the 4th quarter. TD Asset Management Inc now owns 100,569 shares of the aerospace company’s stock valued at $26,112,000 after buying an additional 88,671 shares during the last quarter. Copeland Capital Management LLC boosted its position in Huntington Ingalls Industries by 2,689.4% during the 4th quarter. Copeland Capital Management LLC now owns 80,587 shares of the aerospace company’s stock worth $20,924,000 after acquiring an additional 77,698 shares during the last quarter. Finally, Prevatt Capital Ltd bought a new position in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $15,578,000. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Stock Down 0.6 %

Shares of HII stock opened at $249.21 on Friday. Huntington Ingalls Industries, Inc. has a 52-week low of $199.11 and a 52-week high of $299.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.89 and a current ratio of 0.96. The stock has a market cap of $9.83 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 2.14 and a beta of 0.56. The firm’s 50-day moving average is $263.72 and its 200-day moving average is $265.74.

Huntington Ingalls Industries (NYSE:HIIGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The aerospace company reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.50 by $0.37. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Huntington Ingalls Industries had a net margin of 6.09% and a return on equity of 18.08%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.23 earnings per share. Sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 16.35 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Friday, May 31st. Huntington Ingalls Industries’s dividend payout ratio is currently 29.31%.

Insider Activity

In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 1,043 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $252.03, for a total value of $262,867.29. Following the completion of the sale, the vice president now owns 11,961 shares of the company’s stock, valued at approximately $3,014,530.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $256.07, for a total transaction of $384,105.00. Following the completion of the transaction, the vice president now directly owns 8,135 shares in the company, valued at $2,083,129.45. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jennifer R. Boykin sold 1,043 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $252.03, for a total value of $262,867.29. Following the completion of the sale, the vice president now directly owns 11,961 shares in the company, valued at approximately $3,014,530.83. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. StockNews.com cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Citigroup initiated coverage on shares of Huntington Ingalls Industries in a research note on Monday, May 20th. They set a “buy” rating and a $310.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their target price on Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $278.00.

View Our Latest Report on HII

About Huntington Ingalls Industries

(Free Report)

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.

See Also

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

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