Raymond James & Associates Reduces Position in Huntington Ingalls Industries Inc (HII)

Raymond James & Associates lessened its holdings in Huntington Ingalls Industries Inc (NYSE:HII) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,247 shares of the aerospace company’s stock after selling 1,730 shares during the quarter. Raymond James & Associates owned approximately 0.09% of Huntington Ingalls Industries worth $9,486,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. IFC Holdings Incorporated FL raised its holdings in Huntington Ingalls Industries by 3.6% in the 4th quarter. IFC Holdings Incorporated FL now owns 6,434 shares of the aerospace company’s stock valued at $1,523,000 after buying an additional 223 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in Huntington Ingalls Industries by 3.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 8,555 shares of the aerospace company’s stock valued at $2,016,000 after purchasing an additional 284 shares during the period. Comerica Bank increased its position in Huntington Ingalls Industries by 0.8% during the 4th quarter. Comerica Bank now owns 36,015 shares of the aerospace company’s stock valued at $8,577,000 after purchasing an additional 286 shares during the period. ProVise Management Group LLC increased its position in Huntington Ingalls Industries by 11.7% during the 4th quarter. ProVise Management Group LLC now owns 2,751 shares of the aerospace company’s stock valued at $648,000 after purchasing an additional 288 shares during the period. Finally, Commonwealth Equity Services Inc increased its position in Huntington Ingalls Industries by 9.1% during the 3rd quarter. Commonwealth Equity Services Inc now owns 3,476 shares of the aerospace company’s stock valued at $787,000 after purchasing an additional 291 shares during the period. Institutional investors and hedge funds own 84.13% of the company’s stock.

How to Become a New Pot Stock Millionaire

HII has been the subject of a number of recent analyst reports. Credit Suisse Group raised shares of Huntington Ingalls Industries from a “neutral” rating to an “outperform” rating and set a $241.00 target price for the company in a research report on Friday, February 16th. Stifel Nicolaus reissued a “sell” rating and set a $230.00 target price on shares of Huntington Ingalls Industries in a research report on Friday, February 16th. Sanford C. Bernstein reissued a “market perform” rating and set a $271.00 target price (up previously from $242.00) on shares of Huntington Ingalls Industries in a research report on Tuesday, February 20th. ValuEngine raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th. Finally, Zacks Investment Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $266.00 target price for the company in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $261.38.

In related news, Director Philip M. Bilden acquired 1,000 shares of Huntington Ingalls Industries stock in a transaction dated Monday, March 5th. The stock was bought at an average price of $254.50 per share, with a total value of $254,500.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Philip M. Bilden acquired 4,000 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, February 22nd. The shares were bought at an average cost of $265.14 per share, with a total value of $1,060,560.00. Following the transaction, the director now owns 142 shares in the company, valued at $37,649.88. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 6,800 shares of company stock valued at $1,794,184 and have sold 12,979 shares valued at $3,381,250. Company insiders own 2.22% of the company’s stock.

Shares of Huntington Ingalls Industries Inc (HII) opened at $253.98 on Monday. The company has a market cap of $11,374.69, a P/E ratio of 24.30, a PEG ratio of 0.97 and a beta of 1.01. Huntington Ingalls Industries Inc has a 52-week low of $183.42 and a 52-week high of $276.69. The company has a current ratio of 1.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.73.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, February 15th. The aerospace company reported $3.11 EPS for the quarter, topping the consensus estimate of $2.93 by $0.18. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.94 billion. Huntington Ingalls Industries had a net margin of 6.44% and a return on equity of 31.01%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $4.20 EPS. research analysts expect that Huntington Ingalls Industries Inc will post 17.38 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Thursday, February 22nd. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 27.56%.

COPYRIGHT VIOLATION WARNING: This article was originally published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.tickerreport.com/banking-finance/3302326/raymond-james-associates-reduces-position-in-huntington-ingalls-industries-inc-hii.html.

Huntington Ingalls Industries 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.

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).

Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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.

Latest News

Taseko Mines  Earning Somewhat Favorable Media Coverage, Study Finds
Taseko Mines Earning Somewhat Favorable Media Coverage, Study Finds
Brokerages Expect TherapeuticsMD Inc  to Post -$0.10 EPS
Brokerages Expect TherapeuticsMD Inc to Post -$0.10 EPS
Target Co.  Expected to Announce Earnings of $1.38 Per Share
Target Co. Expected to Announce Earnings of $1.38 Per Share
Zacks: Analysts Anticipate Marriott Vacations Worldwide Corp  Will Post Earnings of $1.50 Per Share
Zacks: Analysts Anticipate Marriott Vacations Worldwide Corp Will Post Earnings of $1.50 Per Share
OX Fina 1-Day Trading Volume Tops $2,287.00
OX Fina 1-Day Trading Volume Tops $2,287.00
Yacoin Achieves Market Capitalization of $170,849.00
Yacoin Achieves Market Capitalization of $170,849.00


© 2006-2018 Ticker Report. Google+.