Citigroup Inc. Has $59.06 Million Position in Huntington Ingalls Industries, Inc. $HII

Citigroup Inc. boosted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 83.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 205,133 shares of the aerospace company’s stock after buying an additional 93,371 shares during the quarter. Citigroup Inc. owned approximately 0.52% of Huntington Ingalls Industries worth $59,060,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. CYBER HORNET ETFs LLC bought a new stake in shares of Huntington Ingalls Industries during the second quarter worth $25,000. Rakuten Securities Inc. increased its position in Huntington Ingalls Industries by 140.0% in 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 during the period. SouthState Corp raised its holdings in Huntington Ingalls Industries by 310.0% during the 2nd quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 93 shares during the last quarter. Anchor Investment Management LLC lifted its position in Huntington Ingalls Industries by 400.0% during the 2nd quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 100 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of Huntington Ingalls Industries by 120.0% in the 3rd quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 60 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HII has been the subject of a number of recent research reports. Citigroup boosted their price target on shares of Huntington Ingalls Industries from $450.00 to $465.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. JPMorgan Chase & Co. upped their target price on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Weiss Ratings raised Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $421.00 price objective on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Finally, Melius Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $370.38.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 787 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $314.17, for a total transaction of $247,251.79. Following the sale, the vice president directly owned 20,441 shares in the company, valued at approximately $6,421,948.97. This trade represents a 3.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.86% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of HII stock opened at $438.10 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.53. Huntington Ingalls Industries, Inc. has a 12-month low of $167.70 and a 12-month high of $447.74. The firm has a fifty day moving average of $391.43 and a 200-day moving average of $326.24. The firm has a market capitalization of $17.19 billion, a price-to-earnings ratio of 28.50, a price-to-earnings-growth ratio of 1.78 and a beta of 0.34.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, topping the consensus estimate of $3.72 by $0.32. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the company posted $3.15 earnings per share. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. On average, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, February 27th. Huntington Ingalls Industries’s dividend payout ratio is presently 35.91%.

Huntington Ingalls Industries Profile

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.