Huntington Ingalls Industries, Inc. $HII Stake Increased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,606 shares of the aerospace company’s stock after acquiring an additional 2,435 shares during the period. Hsbc Holdings PLC’s holdings in Huntington Ingalls Industries were worth $16,543,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. NBC Securities Inc. raised its stake in shares of Huntington Ingalls Industries by 87.2% in the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 41 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in Huntington Ingalls Industries in the second quarter valued at about $25,000. Rakuten Securities Inc. increased its holdings in Huntington Ingalls Industries by 140.0% in the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after buying an additional 63 shares during the last quarter. Motiv8 Investments LLC acquired a new stake in Huntington Ingalls Industries during the fourth quarter valued at approximately $38,000. Finally, Community Bank N.A. acquired a new position in shares of Huntington Ingalls Industries in the 3rd quarter worth approximately $35,000. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Price Performance

Shares of HII opened at $289.29 on Wednesday. The company has a market cap of $11.40 billion, a P/E ratio of 18.82, a PEG ratio of 1.24 and a beta of 0.25. The stock has a fifty day moving average price of $307.64 and a 200 day moving average price of $367.69. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.11. Huntington Ingalls Industries, Inc. has a 12 month low of $246.34 and a 12 month high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.09. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same period last year, the business posted $3.79 earnings per share. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, research analysts forecast that Huntington Ingalls Industries, Inc. will post 17.32 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 35.91%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wall Street Zen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. TD Cowen decreased their price objective on shares of Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Citigroup lowered their target price on shares of Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Wells Fargo & Company started coverage on shares of Huntington Ingalls Industries in a report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 target price on the stock. Finally, Weiss Ratings downgraded shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $381.50.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $319.58, for a total value of $1,118,530.00. Following the sale, the vice president owned 8,391 shares in the company, valued at approximately $2,681,595.78. This trade represents a 29.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.80% of the stock is currently owned by corporate insiders.

About Huntington Ingalls Industries

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.