Harel Insurance Investments & Financial Services Ltd. Purchases 2,061 Shares of Huntington Ingalls Industries, Inc. $HII

Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 39.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,343 shares of the aerospace company’s stock after purchasing an additional 2,061 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Huntington Ingalls Industries were worth $2,790,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HII. M&T Bank Corp increased its holdings in shares of Huntington Ingalls Industries by 205.8% during the fourth quarter. M&T Bank Corp now owns 40,031 shares of the aerospace company’s stock valued at $13,613,000 after acquiring an additional 26,940 shares in the last quarter. Chase Investment Counsel Corp purchased a new stake in Huntington Ingalls Industries during the 4th quarter valued at about $4,634,000. Builder Investment Group Inc. ADV purchased a new stake in Huntington Ingalls Industries during the 4th quarter valued at about $6,815,000. Gradient Investments LLC increased its stake in Huntington Ingalls Industries by 662.3% during the 4th quarter. Gradient Investments LLC now owns 44,806 shares of the aerospace company’s stock valued at $15,237,000 after purchasing an additional 38,928 shares in the last quarter. Finally, Rothschild Investment LLC increased its holdings in Huntington Ingalls Industries by 478.1% in the 4th quarter. Rothschild Investment LLC now owns 5,295 shares of the aerospace company’s stock worth $1,801,000 after buying an additional 4,379 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HII shares. Wells Fargo & Company started coverage on shares of Huntington Ingalls Industries in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price objective for the company. TD Cowen decreased their price objective on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday. Citigroup dropped their price objective on Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Wall Street Zen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Finally, 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. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $374.00.

Huntington Ingalls Industries Stock Performance

HII opened at $277.99 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52. The firm’s 50-day moving average price is $299.87 and its 200 day moving average price is $365.01. The firm has a market capitalization of $10.95 billion, a PE ratio of 18.09, a PEG ratio of 1.20 and a beta of 0.25. Huntington Ingalls Industries, Inc. has a twelve month low of $250.91 and a twelve month high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last issued its 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 business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period last year, the company earned $3.79 EPS. As a group, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 17.33 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

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

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm’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 sale, the vice president owned 8,391 shares of the company’s stock, valued at $2,681,595.78. This trade represents a 29.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.80% of the company’s stock.

Huntington Ingalls Industries 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.