Citigroup Inc. Purchases 93,371 Shares of Huntington Ingalls Industries, Inc. $HII

Citigroup Inc. raised its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 83.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 205,133 shares of the aerospace company’s stock after purchasing an additional 93,371 shares during the period. Citigroup Inc.’s holdings in Huntington Ingalls Industries were worth $59,060,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. CYBER HORNET ETFs LLC bought a new position in shares of Huntington Ingalls Industries during the second quarter worth about $25,000. Rakuten Securities Inc. boosted its position in Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 63 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Huntington Ingalls Industries by 120.0% during the 3rd quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 60 shares in the last quarter. SouthState Corp raised its holdings in shares of Huntington Ingalls Industries by 310.0% in the second quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 93 shares during the last quarter. Finally, Anchor Investment Management LLC lifted its position in shares of Huntington Ingalls Industries by 400.0% in the second quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 100 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 787 shares of Huntington Ingalls Industries stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $314.17, for a total transaction of $247,251.79. Following the completion of the transaction, the vice president directly owned 20,441 shares of the company’s stock, valued at $6,421,948.97. The trade was a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. TD Cowen raised their target price on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Weiss Ratings upgraded shares of Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $300.00 to $400.00 in a report on Thursday, February 12th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $421.00 price target on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $370.38.

Huntington Ingalls Industries Stock Up 0.1%

Shares of HII stock opened at $438.10 on Tuesday. Huntington Ingalls Industries, Inc. has a 52-week low of $167.70 and a 52-week high of $447.74. The stock has a market cap of $17.19 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 1.78 and a beta of 0.34. The firm’s 50-day moving average is $391.43 and its 200-day moving average is $326.24. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.13.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.72 by $0.32. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The firm had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the business earned $3.15 earnings per share. The business’s revenue was up 15.7% compared to the same quarter last year. Sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 1.3%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 35.91%.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.