Comprehensive Financial Consultants Institutional Inc. acquired a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE: HII – Get Rating) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 593 shares of the aerospace company stock, valued at approximately $ 118,000.
A number of other large investors have also modified their holdings of HII. Morgan Stanley lifted its position in shares of Huntington Ingalls Industries by 41.3% during the second quarter. Morgan Stanley now owns 180,707 shares of the aerospace company stock worth $ 38,085,000 after acquiring an additional 52,834 shares in the last quarter. Tudor Investment Corp Et Al boosted its stake in Huntington Ingalls Industries by 376.4% in the 3rd quarter. Tudor Investment Corp Et Al now owns 23,540 shares of the aerospace company stock worth $ 4,545,000 after purchasing an additional 18,599 shares during the period. MML Investors Services LLC boosted its stake in Huntington Ingalls Industries by 2.7% in the 3rd quarter. MML Investors Services LLC now owns 2,350 shares of the aerospace company stock worth $ 454,000 after purchasing an additional 61 shares during the period. LPL Financial LLC grew its holdings in Huntington Ingalls Industries by 1.6% during the 3rd quarter. LPL Financial LLC now owns 15,665 shares of the aerospace company stock valued at $ 3,024,000 after buying an additional 245 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Huntington Ingalls Industries during the third quarter valued at about $ 426,000. Hedge funds and other institutional investors own 85.52% of the company stock.
In other Huntington Ingalls Industries news, VP Edgar A. Green III sold 4,222 shares of Huntington Ingalls Industries stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $ 207.99, for a total transaction of $ 878,133.78. Following the sale, the vice president now directly owns 5,809 shares of the company stock, valued at approximately $ 1,208,213.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.16% of the stock is owned by insiders.
HII has been the topic of several research analyst reports. Vertical Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $ 250.00 price target on the stock in a report on Thursday, March 17th. TheStreet upgraded Huntington Ingalls Industries from a “c +” rating to a “b-” rating in a research note on Thursday, March 3rd. Cowen upgraded Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $ 200.00 to $ 270.00 in a research report on Thursday, April 14th. StockNews.com began coverage on shares of Huntington Ingalls Industries in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Cowen upgraded shares of Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $ 200.00 to $ 270.00 in a research report on Thursday, April 14th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $ 236.00.
Shares of Huntington Ingalls Industries stock opened at $ 200.64 on Friday. The company fifty day simple moving average is $ 211.97 and its two-hundred day simple moving average is $ 199.69. Huntington Ingalls Industries, Inc. has a 12-month low of $ 175.50 and a 12-month high of $ 228.66. The firm has a market cap of $ 8.04 billion, a PE ratio of 15.04 and a beta of 0.78. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 1.13.
Huntington Ingalls Industries (NYSE: HII – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The aerospace company reported $ 3.50 EPS for the quarter, beating analysts’ consensus estimates of $ 3.31 by $ 0.19. The business had revenue of $ 2.58 billion during the quarter, compared to analyst estimates of $ 2.54 billion. Huntington Ingalls Industries had a return on equity of 21.69% and a net margin of 5.46%. Huntington Ingalls Industries’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $ 3.68 EPS. As a group, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 15.6 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Friday, May 27th were paid a dividend of $ 1.18 per share. This represents a $ 4.72 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, May 26th. Huntington Ingalls Industries’s payout ratio is 35.38%.
Huntington Ingalls Industries Company Profile: (Get Rating)
Huntington Ingalls Industries, Inc engages in designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. 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 US:
Want to see what other hedge funds are holding HII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Ingalls Industries, Inc. (NYSE: HII – Get Rating).
Receive News & Ratings for Huntington Ingalls Industries Daily: – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Huntington Ingalls Industries and related companies with MarketBeat.com’s FREE daily email newsletter.