Huntington Ingalls Industries, Inc. $HII Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc increased its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 76.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,736 shares of the aerospace company’s stock after acquiring an additional 3,784 shares during the period. CIBC Asset Management Inc’s holdings in Huntington Ingalls Industries were worth $2,971,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. NBC Securities Inc. boosted its position in Huntington Ingalls Industries by 87.2% in the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 41 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Huntington Ingalls Industries in the 2nd quarter worth approximately $25,000. Rakuten Securities Inc. boosted its position in Huntington Ingalls Industries by 140.0% in the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 63 shares in the last quarter. Community Bank N.A. purchased a new stake in Huntington Ingalls Industries in the 3rd quarter worth approximately $35,000. Finally, Elyxium Wealth LLC purchased a new stake in Huntington Ingalls Industries in the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $319.58, for a total value of $1,118,530.00. Following the completion of the transaction, the vice president directly owned 8,391 shares of the company’s stock, valued at approximately $2,681,595.78. This represents a 29.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.80% of the company’s stock.

Huntington Ingalls Industries Trading Down 0.0%

Shares of NYSE:HII opened at $292.97 on Monday. Huntington Ingalls Industries, Inc. has a 1 year low of $215.04 and a 1 year high of $460.00. The firm has a market capitalization of $11.54 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 1.24 and a beta of 0.23. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.11. The business’s 50 day moving average price is $352.10 and its 200-day moving average price is $371.79.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, beating the consensus estimate of $3.70 by $0.09. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the company earned $3.79 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. On average, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 17.32 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio is currently 35.91%.

Analysts Set New Price Targets

HII has been the topic of several recent research reports. Weiss Ratings lowered Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Wells Fargo & Company initiated coverage on Huntington Ingalls Industries in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 price objective on the stock. Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $300.00 to $400.00 in a research report on Thursday, February 12th. Citigroup lowered their price objective on Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Finally, TD Cowen decreased their target price on Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $388.50.

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.