BNP Paribas Financial Markets Increases Position in Huntington Ingalls Industries, Inc. $HII

BNP Paribas Financial Markets increased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 22.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 81,464 shares of the aerospace company’s stock after acquiring an additional 14,862 shares during the quarter. BNP Paribas Financial Markets’ holdings in Huntington Ingalls Industries were worth $27,703,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Holderness Investments Co. increased its holdings in shares of Huntington Ingalls Industries by 32.8% in the 4th quarter. Holderness Investments Co. now owns 924 shares of the aerospace company’s stock valued at $314,000 after purchasing an additional 228 shares in the last quarter. Amica Mutual Insurance Co. increased its holdings in shares of Huntington Ingalls Industries by 24.7% in the 4th quarter. Amica Mutual Insurance Co. now owns 11,133 shares of the aerospace company’s stock valued at $3,786,000 after purchasing an additional 2,208 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in Huntington Ingalls Industries during the 4th quarter valued at about $300,000. Rothschild Investment LLC increased its holdings in Huntington Ingalls Industries by 478.1% during the 4th quarter. Rothschild Investment LLC now owns 5,295 shares of the aerospace company’s stock valued at $1,801,000 after acquiring an additional 4,379 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Huntington Ingalls Industries by 3.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,308 shares of the aerospace company’s stock worth $1,805,000 after acquiring an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Activity

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the sale, the vice president directly owned 8,391 shares of the company’s stock, valued at $2,681,595.78. This trade represents a 29.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HII shares. Wells Fargo & Company started coverage on shares of Huntington Ingalls Industries in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 price target on the stock. TD Cowen reduced their price target on shares of Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings downgraded shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $421.00 price target on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $388.50.

Huntington Ingalls Industries Price Performance

Huntington Ingalls Industries stock opened at $294.40 on Friday. Huntington Ingalls Industries, Inc. has a 12-month low of $215.04 and a 12-month high of $460.00. The stock has a market capitalization of $11.60 billion, a P/E ratio of 19.15, a P/E/G ratio of 1.22 and a beta of 0.23. The firm’s 50-day moving average is $354.29 and its two-hundred day moving average is $371.91. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.11.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.09. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same period last year, the company earned $3.79 EPS. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities analysts predict that Huntington Ingalls Industries, Inc. will post 17.32 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, May 29th. 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.