Fifth Third Bancorp Has $6.22 Million Holdings in Huntington Ingalls Industries, Inc. $HII

Fifth Third Bancorp lifted its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 81.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,371 shares of the aerospace company’s stock after acquiring an additional 7,327 shares during the quarter. Fifth Third Bancorp’s holdings in Huntington Ingalls Industries were worth $6,219,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its position in shares of Huntington Ingalls Industries by 40.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 59 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Huntington Ingalls Industries by 329.4% during the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the aerospace company’s stock valued at $88,000 after buying an additional 280 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Huntington Ingalls Industries by 432.1% in the second quarter. Marshall Wace LLP now owns 38,144 shares of the aerospace company’s stock valued at $9,210,000 after buying an additional 30,975 shares during the period. Cresset Asset Management LLC increased its stake in Huntington Ingalls Industries by 23.0% during the second quarter. Cresset Asset Management LLC now owns 1,575 shares of the aerospace company’s stock valued at $381,000 after acquiring an additional 294 shares during the period. Finally, Jump Financial LLC bought a new position in Huntington Ingalls Industries during the second quarter valued at about $398,000. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Trading Down 2.5%

Shares of Huntington Ingalls Industries stock opened at $270.88 on Friday. Huntington Ingalls Industries, Inc. has a 12-month low of $250.91 and a 12-month high of $460.00. The stock has a market capitalization of $10.67 billion, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 1.19 and a beta of 0.25. The company has a 50-day simple moving average of $299.00 and a 200 day simple moving average of $364.45. 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 (NYSE:HII) last released its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.09. The firm 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 company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business earned $3.79 earnings per share. Research analysts expect that Huntington Ingalls Industries, Inc. will post 17.31 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wall Street Zen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Wells Fargo & Company started coverage on Huntington Ingalls Industries in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 target price for the company. Weiss Ratings cut Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. TD Cowen decreased their price target on shares of Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Citigroup lowered their price target on shares of Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average target price of $374.00.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of Huntington Ingalls Industries stock in a transaction on Thursday, May 28th. The stock was 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 owned 8,391 shares in the company, valued at approximately $2,681,595.78. The trade was a 29.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.80% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Company 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.