Huntington Ingalls Industries, Inc. (HII) Stake Boosted by Cibc World Markets Corp

Cibc World Markets Corp lifted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 192.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,000 shares of the aerospace company’s stock after purchasing an additional 54,000 shares during the quarter. Cibc World Markets Corp owned 0.18% of Huntington Ingalls Industries worth $15,265,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position in shares of Huntington Ingalls Industries by 25.0% during the first quarter. Tower Research Capital LLC TRC now owns 500 shares of the aerospace company’s stock worth $100,000 after purchasing an additional 100 shares in the last quarter. Israel Discount Bank of New York bought a new position in shares of Huntington Ingalls Industries during the first quarter worth $115,000. Global X Management Co. LLC bought a new position in shares of Huntington Ingalls Industries during the second quarter worth $125,000. Van ECK Associates Corp boosted its position in shares of Huntington Ingalls Industries by 6.3% during the first quarter. Van ECK Associates Corp now owns 673 shares of the aerospace company’s stock worth $135,000 after purchasing an additional 40 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Huntington Ingalls Industries by 7.0% during the second quarter. Pacer Advisors Inc. now owns 889 shares of the aerospace company’s stock worth $165,000 after purchasing an additional 58 shares in the last quarter. 85.45% of the stock is currently owned by institutional investors.

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A number of equities analysts have recently weighed in on HII shares. BidaskClub raised shares of Huntington Ingalls Industries from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 15th. Zacks Investment Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 price target on the stock in a research report on Monday, July 17th. Deutsche Bank AG reissued a “buy” rating and set a $240.00 price target (up from $230.00) on shares of Huntington Ingalls Industries in a research report on Wednesday, August 9th. Cowen and Company reissued a “hold” rating and set a $210.00 price target on shares of Huntington Ingalls Industries in a research report on Tuesday, August 22nd. Finally, ValuEngine raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $205.00.

Shares of Huntington Ingalls Industries, Inc. (NYSE HII) traded up 0.54% during midday trading on Friday, hitting $220.37. 172,436 shares of the company were exchanged. The firm has a market capitalization of $10.01 billion, a price-to-earnings ratio of 18.00 and a beta of 1.18. The firm’s 50 day moving average price is $211.22 and its 200 day moving average price is $201.95. Huntington Ingalls Industries, Inc. has a one year low of $146.52 and a one year high of $221.52.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $3.21 EPS for the quarter, beating the Zacks’ consensus estimate of $2.62 by $0.59. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.79 billion. Huntington Ingalls Industries had a net margin of 7.93% and a return on equity of 31.12%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.32 EPS. Analysts forecast that Huntington Ingalls Industries, Inc. will post $11.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.09%. The ex-dividend date was Wednesday, August 23rd. Huntington Ingalls Industries’s dividend payout ratio is presently 19.61%.

In related news, VP Jerri F. Dickseski sold 1,552 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $193.09, for a total transaction of $299,675.68. Following the transaction, the vice president now directly owns 34,659 shares of the company’s stock, valued at $6,692,306.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Jennifer R. Boykin sold 2,362 shares of the stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $196.00, for a total transaction of $462,952.00. Following the transaction, the vice president now directly owns 6,425 shares in the company, valued at $1,259,300. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,699 shares of company stock worth $1,576,565. 2.22% of the stock is owned by insiders.

Huntington Ingalls Industries Company 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.

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

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