Raymond James & Associates Grows Stake in Huntington Ingalls Industries Inc (HII)

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Raymond James & Associates increased its stake in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 13.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,379 shares of the aerospace company’s stock after purchasing an additional 5,838 shares during the period. Raymond James & Associates’ holdings in Huntington Ingalls Industries were worth $10,024,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. CIBC Asset Management Inc boosted its position in shares of Huntington Ingalls Industries by 3.9% in the first quarter. CIBC Asset Management Inc now owns 4,135 shares of the aerospace company’s stock worth $857,000 after purchasing an additional 155 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Huntington Ingalls Industries by 97.5% in the first quarter. Teacher Retirement System of Texas now owns 114,535 shares of the aerospace company’s stock worth $23,732,000 after purchasing an additional 56,542 shares during the period. Toronto Dominion Bank boosted its position in shares of Huntington Ingalls Industries by 29.4% in the first quarter. Toronto Dominion Bank now owns 32,770 shares of the aerospace company’s stock worth $6,788,000 after purchasing an additional 7,448 shares during the period. Cetera Advisors LLC bought a new position in shares of Huntington Ingalls Industries in the first quarter worth approximately $213,000. Finally, Nissay Asset Management Corp Japan ADV boosted its position in shares of Huntington Ingalls Industries by 114.9% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 8,890 shares of the aerospace company’s stock worth $1,842,000 after purchasing an additional 4,753 shares during the period. 85.62% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:HII opened at $205.54 on Monday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.98 and a quick ratio of 0.92. Huntington Ingalls Industries Inc has a fifty-two week low of $173.80 and a fifty-two week high of $262.32. The firm has a market cap of $8.54 billion, a P/E ratio of 10.77 and a beta of 1.15.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, May 2nd. The aerospace company reported $2.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.27 by ($0.42). Huntington Ingalls Industries had a return on equity of 48.34% and a net margin of 9.52%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the company posted $3.48 EPS. Huntington Ingalls Industries’s revenue was up 11.0% compared to the same quarter last year. Research analysts anticipate that Huntington Ingalls Industries Inc will post 14.65 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 24th will be given a dividend of $0.86 per share. The ex-dividend date is Thursday, May 23rd. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.67%. Huntington Ingalls Industries’s dividend payout ratio is 18.02%.

In related news, VP Jennifer R. Boykin sold 2,647 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $199.66, for a total transaction of $528,500.02. Following the completion of the transaction, the vice president now owns 4,660 shares in the company, valued at $930,415.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Christopher D. Kastner sold 3,919 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $206.49, for a total transaction of $809,234.31. Following the transaction, the vice president now owns 46,185 shares of the company’s stock, valued at approximately $9,536,740.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,014 shares of company stock valued at $2,702,044. 2.65% of the stock is owned by company insiders.

HII has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research lowered shares of Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $251.08.

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Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc engages in the 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 that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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

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