First Commonwealth Financial Corp PA Acquires New Stake in Huntington Ingalls Industries, Inc. $HII

First Commonwealth Financial Corp PA bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,161 shares of the aerospace company’s stock, valued at approximately $622,000.

Other institutional investors also recently bought and sold shares of the company. CI Investments Inc. increased its stake in Huntington Ingalls Industries by 16.7% during the third quarter. CI Investments Inc. now owns 231 shares of the aerospace company’s stock worth $67,000 after purchasing an additional 33 shares during the period. Evergreen Capital Management LLC lifted its position in shares of Huntington Ingalls Industries by 3.9% during the third quarter. Evergreen Capital Management LLC now owns 1,011 shares of the aerospace company’s stock worth $291,000 after purchasing an additional 38 shares in the last quarter. 1834 Investment Advisors Co. boosted its stake in shares of Huntington Ingalls Industries by 1.6% in the third quarter. 1834 Investment Advisors Co. now owns 2,535 shares of the aerospace company’s stock valued at $730,000 after purchasing an additional 39 shares during the period. O Keefe Stevens Advisory Inc. boosted its stake in shares of Huntington Ingalls Industries by 0.7% in the third quarter. O Keefe Stevens Advisory Inc. now owns 5,758 shares of the aerospace company’s stock valued at $1,658,000 after purchasing an additional 40 shares during the period. Finally, Resona Asset Management Co. Ltd. grew its holdings in shares of Huntington Ingalls Industries by 10.1% in the third quarter. Resona Asset Management Co. Ltd. now owns 438 shares of the aerospace company’s stock valued at $122,000 after purchasing an additional 40 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HII shares. TD Cowen increased their target price on shares of Huntington Ingalls Industries from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Weiss Ratings downgraded shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. Wall Street Zen lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Melius Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Finally, The Goldman Sachs Group lifted their target price on Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus price target of $384.13.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 4,400 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $422.45, for a total value of $1,858,780.00. Following the completion of the sale, the vice president directly owned 20,360 shares of the company’s stock, valued at approximately $8,601,082. The trade was a 17.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Eric D. Chewning sold 1,700 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $433.44, for a total value of $736,848.00. Following the completion of the sale, the executive vice president directly owned 1,949 shares of the company’s stock, valued at approximately $844,774.56. This trade represents a 46.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Up 1.1%

HII stock opened at $427.62 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. Huntington Ingalls Industries, Inc. has a twelve month low of $177.42 and a twelve month high of $460.00. The company’s 50 day moving average is $419.92 and its two-hundred day moving average is $345.02. The stock has a market cap of $16.78 billion, a P/E ratio of 27.82, a PEG ratio of 1.73 and a beta of 0.32.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data 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. The business had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.09 billion. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. The company’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.15 EPS. Research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a $1.38 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. Huntington Ingalls Industries’s payout ratio is 35.91%.

Huntington Ingalls Industries Company 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.