Hsbc Holdings PLC Boosts Stake in Huntington Ingalls Industries, Inc. $HII

Hsbc Holdings PLC increased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,606 shares of the aerospace company’s stock after acquiring an additional 2,435 shares during the period. Hsbc Holdings PLC owned approximately 0.12% of Huntington Ingalls Industries worth $16,543,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new position in Huntington Ingalls Industries during the second quarter worth about $25,000. Rakuten Securities Inc. increased its stake in Huntington Ingalls Industries by 140.0% in the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 63 shares in the last quarter. NBC Securities Inc. increased its stake in Huntington Ingalls Industries by 87.2% in the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 41 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Huntington Ingalls Industries by 363.3% during the second quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 109 shares during the last quarter. Finally, Community Bank N.A. purchased a new stake in Huntington Ingalls Industries during the third quarter worth $35,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on HII. TD Cowen lowered their target price on 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 Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Wells Fargo & Company initiated coverage on shares of 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. Weiss Ratings cut shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Finally, Citigroup dropped their target price on shares of Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating for the company in a report on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $388.50.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $278.18 on Friday. The firm has a market capitalization of $10.96 billion, a P/E ratio of 18.10, a PEG ratio of 1.18 and a beta of 0.23. The stock has a fifty day moving average price of $323.12 and a 200 day moving average price of $369.82. Huntington Ingalls Industries, Inc. has a 52 week low of $236.19 and a 52 week high of $460.00. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52.

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

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were given a $1.38 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.0%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 35.91%.

Insider Activity

In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $319.58, for a total value of $1,118,530.00. Following the completion of the sale, the vice president directly owned 8,391 shares in the company, valued at approximately $2,681,595.78. The trade was a 29.43% decrease in their ownership of the stock. 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 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.