Huntington Ingalls Industries, Inc. (HII) Stake Decreased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 19.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 492,055 shares of the aerospace company’s stock after selling 116,524 shares during the quarter. JPMorgan Chase & Co. owned 1.08% of Huntington Ingalls Industries worth $91,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of HII. BlackRock Inc. raised its stake in shares of Huntington Ingalls Industries by 6,424.3% in the first quarter. BlackRock Inc. now owns 4,452,038 shares of the aerospace company’s stock worth $891,476,000 after purchasing an additional 4,383,800 shares during the last quarter. Morgan Stanley raised its stake in shares of Huntington Ingalls Industries by 185.7% in the first quarter. Morgan Stanley now owns 359,359 shares of the aerospace company’s stock worth $71,958,000 after purchasing an additional 233,584 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Huntington Ingalls Industries by 3.9% in the first quarter. Vanguard Group Inc. now owns 4,449,811 shares of the aerospace company’s stock worth $891,031,000 after purchasing an additional 166,765 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Huntington Ingalls Industries by 7.5% in the first quarter. AQR Capital Management LLC now owns 1,778,952 shares of the aerospace company’s stock worth $356,217,000 after purchasing an additional 124,237 shares during the last quarter. Finally, Janus Capital Management LLC raised its stake in shares of Huntington Ingalls Industries by 139.9% in the first quarter. Janus Capital Management LLC now owns 186,431 shares of the aerospace company’s stock worth $37,330,000 after purchasing an additional 108,731 shares during the last quarter. Hedge funds and other institutional investors own 85.46% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by Markets Daily and is the sole property of of Markets Daily. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://www.themarketsdaily.com/2017/09/10/huntington-ingalls-industries-inc-hii-stake-decreased-by-jpmorgan-chase-co.html.

In related news, VP Jerri F. Dickseski sold 1,552 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $193.09, for a total value of $299,675.68. Following the completion of the transaction, the vice president now owns 34,659 shares in the company, valued at approximately $6,692,306.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP William R. Ermatinger sold 2,985 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president now owns 32,810 shares of the company’s stock, valued at approximately $7,057,431. The disclosure for this sale can be found here. Insiders sold a total of 7,699 shares of company stock valued at $1,576,565 in the last 90 days. 2.22% of the stock is currently owned by company insiders.

Shares of Huntington Ingalls Industries, Inc. (HII) opened at 210.43 on Friday. Huntington Ingalls Industries, Inc. has a one year low of $146.52 and a one year high of $220.68. The company has a 50 day moving average price of $209.32 and a 200 day moving average price of $202.36. The company has a market cap of $9.55 billion, a price-to-earnings ratio of 17.19 and a beta of 1.18.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.62 by $0.59. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $2.32 EPS. Equities analysts predict that Huntington Ingalls Industries, Inc. will post $11.54 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were paid a $0.60 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.14%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 19.61%.

Several research analysts have recently weighed in on HII shares. Zacks Investment Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 price target for the company in a research note on Monday, July 17th. Credit Suisse Group decreased their price target on Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating for the company in a research note on Monday, May 15th. BidaskClub upgraded Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Deutsche Bank AG restated a “buy” rating and issued a $240.00 price target (up previously from $230.00) on shares of Huntington Ingalls Industries in a research note on Wednesday, August 9th. Finally, ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average price target of $205.00.

Huntington Ingalls Industries Profile

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.

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

Receive News & Ratings for Huntington Ingalls Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Ingalls Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply