First Mercantile Trust Co. Sells 175 Shares of Huntington Ingalls Industries Inc (HII)

First Mercantile Trust Co. lowered its position in Huntington Ingalls Industries Inc (NYSE:HII) by 6.7% during the fourth quarter, HoldingsChannel reports. The firm owned 2,425 shares of the aerospace company’s stock after selling 175 shares during the quarter. First Mercantile Trust Co.’s holdings in Huntington Ingalls Industries were worth $461,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HII. Ayalon Holdings Ltd. purchased a new position in Huntington Ingalls Industries in the third quarter valued at about $110,000. Welch Group LLC purchased a new position in Huntington Ingalls Industries in the third quarter valued at about $110,000. NN Investment Partners Holdings N.V. purchased a new position in Huntington Ingalls Industries in the third quarter valued at about $117,000. Belpointe Asset Management LLC purchased a new position in Huntington Ingalls Industries in the third quarter valued at about $152,000. Finally, NEXT Financial Group Inc purchased a new position in Huntington Ingalls Industries in the third quarter valued at about $168,000. Hedge funds and other institutional investors own 84.23% of the company’s stock.

NYSE HII opened at $211.81 on Wednesday. Huntington Ingalls Industries Inc has a twelve month low of $173.80 and a twelve month high of $276.69. The company has a quick ratio of 1.03, a current ratio of 1.14 and a debt-to-equity ratio of 0.70. The stock has a market cap of $9.10 billion, a P/E ratio of 17.45 and a beta of 1.16.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, November 8th. The aerospace company reported $5.29 earnings per share for the quarter, topping the consensus estimate of $4.14 by $1.15. Huntington Ingalls Industries had a return on equity of 43.71% and a net margin of 8.63%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the previous year, the firm earned $3.27 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. As a group, analysts expect that Huntington Ingalls Industries Inc will post 18.84 EPS for the current year.

HII has been the subject of several recent analyst reports. ValuEngine downgraded Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. JPMorgan Chase & Co. initiated coverage on Huntington Ingalls Industries in a research note on Monday, January 7th. They set a “neutral” rating and a $230.00 price target for the company. Goldman Sachs Group downgraded Huntington Ingalls Industries from a “neutral” rating to a “sell” rating and set a $208.00 price target for the company. in a research note on Thursday, October 11th. Zacks Investment Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, October 15th. Finally, Citigroup decreased their price target on Huntington Ingalls Industries from $260.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, January 14th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $248.00.

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About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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