Commerce Bank Lowers Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Commerce Bank reduced its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 3.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,952 shares of the aerospace company’s stock after selling 134 shares during the quarter. Commerce Bank’s holdings in Huntington Ingalls Industries were worth $763,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in shares of Huntington Ingalls Industries by 32.7% in the 2nd quarter. Bank of America Corp DE now owns 833,456 shares of the aerospace company’s stock valued at $175,652,000 after buying an additional 205,244 shares during the period. BlackRock Inc. raised its holdings in Huntington Ingalls Industries by 4.3% during the second quarter. BlackRock Inc. now owns 4,579,510 shares of the aerospace company’s stock worth $965,133,000 after purchasing an additional 188,347 shares during the last quarter. Vanguard Group Inc. raised its holdings in Huntington Ingalls Industries by 4.1% during the second quarter. Vanguard Group Inc. now owns 4,608,513 shares of the aerospace company’s stock worth $971,243,000 after purchasing an additional 180,474 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Huntington Ingalls Industries by 128.7% during the second quarter. Wells Fargo & Company MN now owns 268,428 shares of the aerospace company’s stock worth $56,571,000 after purchasing an additional 151,044 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Huntington Ingalls Industries by 16.7% during the second quarter. Invesco Ltd. now owns 628,872 shares of the aerospace company’s stock worth $132,535,000 after purchasing an additional 89,794 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 275 shares of the business’s stock in a transaction dated Monday, December 6th. The stock was sold at an average price of $185.29, for a total transaction of $50,954.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.54% of the stock is owned by insiders.

Huntington Ingalls Industries stock opened at $197.68 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.08 and a current ratio of 1.14. The stock has a fifty day moving average of $187.24 and a two-hundred day moving average of $197.55. The company has a market capitalization of $7.92 billion, a price-to-earnings ratio of 11.85 and a beta of 1.02. Huntington Ingalls Industries, Inc. has a fifty-two week low of $156.36 and a fifty-two week high of $224.13.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, November 4th. The aerospace company reported $3.65 EPS for the quarter, beating the Zacks’ consensus estimate of $3.13 by $0.52. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.47 billion. Huntington Ingalls Industries had a return on equity of 29.50% and a net margin of 7.01%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.45 earnings per share. On average, analysts forecast that Huntington Ingalls Industries, Inc. will post 13.69 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 10th. Stockholders of record on Friday, November 26th were given a $1.18 dividend. The ex-dividend date of this dividend was Wednesday, November 24th. This represents a $4.72 dividend on an annualized basis and a dividend yield of 2.39%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.14. Huntington Ingalls Industries’s payout ratio is currently 28.30%.

Several equities analysts recently issued reports on HII shares. Wolfe Research started coverage on Huntington Ingalls Industries in a report on Wednesday, December 15th. They set an “outperform” rating and a $225.00 price objective for the company. Barclays reduced their price objective on Huntington Ingalls Industries from $230.00 to $212.00 and set an “equal weight” rating for the company in a report on Monday, November 8th. Zacks Investment Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a report on Monday, January 10th. Finally, Bank of America downgraded Huntington Ingalls Industries from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $240.00 to $215.00 in a research report on Thursday, November 11th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $217.20.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc engages in the shipbuilding business. It operates through the following business segments: Ingalls, Newport News, and Technical Solutions. The Ingalls segment develops and constructs non-nuclear ships, assault ships, and surface combatants. The Newport News segment designs, builds, and maintains nuclear-powered ships which include aircraft carriers and submarines.

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

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