Charter Trust Co. grew its holdings in Huntington Ingalls Industries Inc (NYSE:HII) by 14.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,412 shares of the aerospace company’s stock after purchasing an additional 439 shares during the quarter. Charter Trust Co.’s holdings in Huntington Ingalls Industries were worth $804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in HII. Toronto Dominion Bank raised its stake in Huntington Ingalls Industries by 6.8% during the 2nd quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock worth $105,000 after buying an additional 36 shares during the period. IHT Wealth Management LLC raised its stake in Huntington Ingalls Industries by 1,750.0% during the 2nd quarter. IHT Wealth Management LLC now owns 148 shares of the aerospace company’s stock worth $973,000 after buying an additional 140 shares during the period. Ameritas Investment Partners Inc. raised its stake in Huntington Ingalls Industries by 1.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 17,997 shares of the aerospace company’s stock worth $3,349,000 after buying an additional 228 shares during the period. Daiwa Securities Group Inc. raised its stake in Huntington Ingalls Industries by 19.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 1,550 shares of the aerospace company’s stock worth $351,000 after buying an additional 250 shares during the period. Finally, Oakbrook Investments LLC raised its stake in Huntington Ingalls Industries by 8.1% during the 3rd quarter. Oakbrook Investments LLC now owns 3,664 shares of the aerospace company’s stock worth $830,000 after buying an additional 275 shares during the period. 84.00% of the stock is currently owned by institutional investors.
A number of research analysts recently weighed in on HII shares. Cowen reaffirmed a “hold” rating and set a $225.00 price target on shares of Huntington Ingalls Industries in a research note on Friday, October 6th. Citigroup reaffirmed a “neutral” rating and set a $233.00 price target (up from $224.00) on shares of Huntington Ingalls Industries in a research note on Monday, October 9th. Zacks Investment Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Credit Suisse Group reaffirmed a “neutral” rating and set a $241.00 price target (up from $211.00) on shares of Huntington Ingalls Industries in a research note on Thursday, November 9th. Finally, ValuEngine raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Huntington Ingalls Industries currently has an average rating of “Hold” and an average price target of $220.29.
In other news, VP D R. Wyatt sold 800 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $240.33, for a total value of $192,264.00. Following the completion of the sale, the vice president now directly owns 19,065 shares of the company’s stock, valued at $4,581,891.45. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Philip M. Bilden acquired 2,200 shares of the stock in a transaction dated Friday, November 24th. The stock was bought at an average cost of $234.11 per share, with a total value of $515,042.00. The disclosure for this purchase can be found here. Corporate insiders own 2.22% of the company’s stock.
Huntington Ingalls Industries Inc (NYSE HII) opened at $237.24 on Thursday. The firm has a market capitalization of $10,643.19, a P/E ratio of 19.56, a P/E/G ratio of 1.26 and a beta of 1.18. Huntington Ingalls Industries Inc has a 52 week low of $183.42 and a 52 week high of $253.44. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.38 and a current ratio of 1.52.
Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Wednesday, November 8th. The aerospace company reported $3.27 EPS for the quarter, topping the consensus estimate of $2.78 by $0.49. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.80 billion. Huntington Ingalls Industries had a return on equity of 33.37% and a net margin of 8.31%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.27 earnings per share. analysts anticipate that Huntington Ingalls Industries Inc will post 12.09 earnings per share for the current year.
Huntington Ingalls Industries announced that its Board of Directors has approved a stock repurchase program on Tuesday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
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Huntington Ingalls Industries Company Profile
Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.
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