Janney Montgomery Scott LLC lowered its position in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 29.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,349 shares of the aerospace company’s stock after selling 3,461 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Huntington Ingalls Industries were worth $1,768,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Quest Capital Management Inc. ADV purchased a new position in Huntington Ingalls Industries during the third quarter valued at approximately $27,000. Zions Bancorporation N.A. grew its position in Huntington Ingalls Industries by 1,260.0% during the second quarter. Zions Bancorporation N.A. now owns 136 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 126 shares in the last quarter. Doyle Wealth Management purchased a new position in Huntington Ingalls Industries during the second quarter valued at approximately $38,000. HM Payson & Co. bought a new stake in Huntington Ingalls Industries in the second quarter worth approximately $42,000. Finally, CSat Investment Advisory L.P. grew its position in Huntington Ingalls Industries by 34.5% in the second quarter. CSat Investment Advisory L.P. now owns 234 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.
HII stock opened at $250.45 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.12 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $9.56 billion, a price-to-earnings ratio of 13.12 and a beta of 1.19. Huntington Ingalls Industries Inc has a 12 month low of $173.80 and a 12 month high of $254.14. The firm has a 50 day moving average of $215.84 and a two-hundred day moving average of $216.19.
Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, November 7th. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.63 by $0.11. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.20 billion. Huntington Ingalls Industries had a net margin of 8.04% and a return on equity of 42.07%. Huntington Ingalls Industries’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.29 EPS. On average, research analysts expect that Huntington Ingalls Industries Inc will post 13.95 EPS for the current fiscal year.
Several research firms have commented on HII. Bank of America decreased their target price on shares of Huntington Ingalls Industries from $305.00 to $275.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a research report on Monday, August 5th. ValuEngine raised shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Buckingham Research decreased their target price on shares of Huntington Ingalls Industries from $295.00 to $265.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $243.67.
In related news, VP Jerri F. Dickseski sold 1,874 shares of the company’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $205.00, for a total transaction of $384,170.00. Following the completion of the sale, the vice president now directly owns 33,888 shares of the company’s stock, valued at approximately $6,947,040. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.65% of the stock is currently owned by corporate insiders.
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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