Creative Planning boosted its stake in Huntington Ingalls Industries Inc (NYSE:HII) by 21.6% in the 2nd quarter, Holdings Channel reports. The firm owned 2,880 shares of the aerospace company’s stock after acquiring an additional 511 shares during the quarter. Creative Planning’s holdings in Huntington Ingalls Industries were worth $503,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of HII. Harwood Advisory Group LLC bought a new position in Huntington Ingalls Industries in the 1st quarter worth about $26,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Huntington Ingalls Industries by 129.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 186 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 105 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in shares of Huntington Ingalls Industries by 131.0% during the 1st quarter. Valeo Financial Advisors LLC now owns 194 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 110 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Huntington Ingalls Industries during the 1st quarter valued at about $46,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Huntington Ingalls Industries during the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 87.93% of the company’s stock.
Shares of NYSE HII opened at $173.71 on Friday. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of 11.86 and a beta of 1.07. The company has a current ratio of 1.03, a quick ratio of 0.95 and a debt-to-equity ratio of 1.11. Huntington Ingalls Industries Inc has a 1-year low of $147.14 and a 1-year high of $279.71. The stock’s 50-day moving average is $175.66 and its 200 day moving average is $201.95.
Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, May 7th. The aerospace company reported $4.23 EPS for the quarter, missing the Zacks’ consensus estimate of $4.52 by ($0.29). The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Huntington Ingalls Industries had a return on equity of 38.63% and a net margin of 6.64%. Huntington Ingalls Industries’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the firm earned $2.85 earnings per share. On average, analysts forecast that Huntington Ingalls Industries Inc will post 18.59 EPS for the current fiscal year.
In other news, VP Edgar A. Green III sold 3,194 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $191.59, for a total transaction of $611,938.46. Following the transaction, the vice president now directly owns 9,282 shares of the company’s stock, valued at $1,778,338.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.76% of the stock is owned by insiders.
A number of analysts have recently issued reports on HII shares. Credit Suisse Group downgraded Huntington Ingalls Industries from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $284.00 to $204.00 in a research report on Tuesday, April 28th. Seaport Global Securities started coverage on Huntington Ingalls Industries in a research report on Tuesday, May 19th. They set a “neutral” rating for the company. ValuEngine downgraded Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a research report on Thursday, April 30th. UBS Group dropped their price target on Huntington Ingalls Industries from $290.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, June 11th. Finally, Cowen started coverage on Huntington Ingalls Industries in a research report on Wednesday, June 10th. They set a “hold” rating and a $250.00 price target for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $236.89.
Huntington Ingalls Industries Profile
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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