Huntington Ingalls Industries, Inc. $HII Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,606 shares of the aerospace company’s stock after buying an additional 2,435 shares during the quarter. Hsbc Holdings PLC owned about 0.12% of Huntington Ingalls Industries worth $16,543,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. raised its holdings in shares of Huntington Ingalls Industries by 4.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 9,219 shares of the aerospace company’s stock worth $3,135,000 after purchasing an additional 364 shares during the period. Corient Private Wealth LLC grew its holdings in shares of Huntington Ingalls Industries by 11.7% during the 4th quarter. Corient Private Wealth LLC now owns 15,532 shares of the aerospace company’s stock worth $5,283,000 after purchasing an additional 1,628 shares during the period. Rehmann Capital Advisory Group acquired a new stake in Huntington Ingalls Industries during the 4th quarter worth approximately $207,000. Anchor Investment Management LLC increased its position in Huntington Ingalls Industries by 44.0% during the 4th quarter. Anchor Investment Management LLC now owns 180 shares of the aerospace company’s stock worth $61,000 after purchasing an additional 55 shares in the last quarter. Finally, Kera Capital Partners Inc. raised its holdings in Huntington Ingalls Industries by 64.2% in the fourth quarter. Kera Capital Partners Inc. now owns 1,320 shares of the aerospace company’s stock valued at $449,000 after buying an additional 516 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Down 1.6%

NYSE HII opened at $289.29 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.19 and a debt-to-equity ratio of 0.52. Huntington Ingalls Industries, Inc. has a fifty-two week low of $246.34 and a fifty-two week high of $460.00. The business has a 50 day moving average price of $307.64 and a two-hundred day moving average price of $367.69. The stock has a market cap of $11.40 billion, a PE ratio of 18.82, a P/E/G ratio of 1.24 and a beta of 0.25.

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

Huntington Ingalls Industries Dividend Announcement

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

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the company’s stock in a transaction dated 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 transaction, the vice president directly owned 8,391 shares of the company’s stock, valued at $2,681,595.78. This represents a 29.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in 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 research report on Thursday, May 14th. Weiss Ratings lowered shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Wells Fargo & Company assumed coverage on shares of Huntington Ingalls Industries in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 target price on the stock. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, Citigroup decreased their price target on shares of Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $381.50.

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.