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

Hsbc Holdings PLC grew its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,606 shares of the aerospace company’s stock after acquiring an additional 2,435 shares during the quarter. Hsbc Holdings PLC’s holdings in Huntington Ingalls Industries were worth $16,543,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Rehmann Capital Advisory Group acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at about $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. Kera Capital Partners Inc. increased its position in Huntington Ingalls Industries by 64.2% during the 4th quarter. Kera Capital Partners Inc. now owns 1,320 shares of the aerospace company’s stock worth $449,000 after purchasing an additional 516 shares in the last quarter. Virtu Financial LLC purchased a new position in Huntington Ingalls Industries in the fourth quarter valued at approximately $1,089,000. Finally, MV Capital Management Inc. purchased a new position in Huntington Ingalls Industries in the fourth quarter valued at approximately $44,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Weiss Ratings downgraded shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. TD Cowen reduced their target price on shares of Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Citigroup decreased their price target on shares of Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Wall Street Zen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, Wells Fargo & Company started coverage on Huntington Ingalls Industries in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 price target for the company. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $388.50.

Huntington Ingalls Industries Price Performance

Shares of HII stock opened at $278.18 on Friday. The firm has a market cap of $10.96 billion, a P/E ratio of 18.10, a P/E/G ratio of 1.18 and a beta of 0.23. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.11. Huntington Ingalls Industries, Inc. has a 1-year low of $236.19 and a 1-year high of $460.00. The firm has a fifty day moving average of $323.12 and a two-hundred day moving average of $369.82.

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

Huntington Ingalls Industries Announces Dividend

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

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the sale, the vice president owned 8,391 shares in the company, valued at $2,681,595.78. This represents a 29.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.80% of the stock is currently owned by corporate insiders.

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.