HighTower Advisors LLC acquired a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,248 shares of the aerospace company’s stock, valued at approximately $250,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Huntington National Bank increased its position in shares of Huntington Ingalls Industries by 112.9% in the first quarter. Huntington National Bank now owns 511 shares of the aerospace company’s stock valued at $102,000 after buying an additional 271 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Huntington Ingalls Industries by 30.6% in the first quarter. Toronto Dominion Bank now owns 529 shares of the aerospace company’s stock valued at $106,000 after buying an additional 124 shares in the last quarter. Israel Discount Bank of New York purchased a new position in shares of Huntington Ingalls Industries during the first quarter valued at approximately $115,000. Van ECK Associates Corp increased its position in shares of Huntington Ingalls Industries by 6.3% in the first quarter. Van ECK Associates Corp now owns 673 shares of the aerospace company’s stock valued at $135,000 after buying an additional 40 shares in the last quarter. Finally, Globeflex Capital L P increased its position in shares of Huntington Ingalls Industries by 15,066.7% in the first quarter. Globeflex Capital L P now owns 910 shares of the aerospace company’s stock valued at $182,000 after buying an additional 904 shares in the last quarter. Institutional investors and hedge funds own 86.36% of the company’s stock.
Huntington Ingalls Industries, Inc. (NYSE:HII) opened at 201.35 on Friday. Huntington Ingalls Industries, Inc. has a one year low of $146.52 and a one year high of $220.68. The firm has a market capitalization of $9.27 billion, a P/E ratio of 17.01 and a beta of 1.16. The stock’s 50 day moving average is $192.12 and its 200 day moving average is $199.05.
Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, May 4th. The aerospace company reported $2.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.72 by $0.16. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.82 billion. Huntington Ingalls Industries had a net margin of 7.91% and a return on equity of 29.05%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.38 earnings per share. On average, equities research analysts predict that Huntington Ingalls Industries, Inc. will post $11.14 earnings per share for the current fiscal year.
Several brokerages have commented on HII. Credit Suisse Group AG lowered their price objective on shares of Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating for the company in a research report on Friday, May 5th. BidaskClub upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 8th. Finally, Cowen and Company restated a “hold” rating and set a $210.00 price objective on shares of Huntington Ingalls Industries in a research report on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus target price of $199.00.
In other news, VP Christopher D. Kastner sold 12,665 shares of the firm’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $189.42, for a total transaction of $2,399,004.30. Following the sale, the vice president now owns 39,581 shares in the company, valued at approximately $7,497,433.02. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP D R. Wyatt sold 850 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $197.60, for a total transaction of $167,960.00. Following the sale, the vice president now owns 20,740 shares in the company, valued at approximately $4,098,224. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,429 shares of company stock worth $3,329,592. Corporate insiders own 2.22% of the company’s stock.
About Huntington Ingalls Industries
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.
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