Artemis Investment Management LLP increased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 63.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,219 shares of the aerospace company’s stock after buying an additional 36,233 shares during the period. Artemis Investment Management LLP owned about 0.21% of Huntington Ingalls Industries worth $21,112,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Huntington Ingalls Industries by 2.7% in the second quarter. BlackRock Inc. now owns 4,572,209 shares of the aerospace company’s stock worth $851,165,000 after purchasing an additional 120,171 shares during the period. State Street Corp boosted its holdings in shares of Huntington Ingalls Industries by 0.4% during the second quarter. State Street Corp now owns 2,921,169 shares of the aerospace company’s stock valued at $543,803,000 after acquiring an additional 12,014 shares during the period. FMR LLC boosted its holdings in shares of Huntington Ingalls Industries by 4.1% during the second quarter. FMR LLC now owns 2,881,190 shares of the aerospace company’s stock valued at $536,363,000 after acquiring an additional 114,098 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Huntington Ingalls Industries by 6.1% during the second quarter. Goldman Sachs Group Inc. now owns 928,427 shares of the aerospace company’s stock valued at $172,836,000 after acquiring an additional 53,288 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Huntington Ingalls Industries by 6.9% during the second quarter. Wells Fargo & Company MN now owns 732,828 shares of the aerospace company’s stock valued at $136,423,000 after acquiring an additional 47,379 shares during the period. Institutional investors and hedge funds own 85.13% of the company’s stock.

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Several equities analysts have recently issued reports on the stock. BidaskClub raised shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Citigroup Inc. reissued a “neutral” rating and set a $233.00 price target (up previously from $224.00) on shares of Huntington Ingalls Industries in a report on Monday, October 9th. Deutsche Bank AG reissued a “buy” rating and set a $240.00 price target (up previously from $230.00) on shares of Huntington Ingalls Industries in a report on Wednesday, August 9th. ValuEngine raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Cowen and Company reissued a “hold” rating and set a $210.00 price target on shares of Huntington Ingalls Industries in a report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus price target of $209.00.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.59. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Huntington Ingalls Industries had a return on equity of 31.12% and a net margin of 7.93%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.32 earnings per share.

In related news, VP William R. Ermatinger sold 2,985 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $215.10, for a total value of $642,073.50. Following the sale, the vice president now owns 32,810 shares of the company’s stock, valued at approximately $7,057,431. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP D R. Wyatt sold 800 shares of Huntington Ingalls Industries stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $214.83, for a total value of $171,864.00. Following the completion of the sale, the vice president now directly owns 19,865 shares in the company, valued at approximately $4,267,597.95. The disclosure for this sale can be found here. Company insiders own 2.22% of the company’s stock.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.

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

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