Coldstream Capital Management Inc. Acquires New Stake in Huntington Ingalls Industries, Inc. (HII)

Coldstream Capital Management Inc. acquired a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,990 shares of the aerospace company’s stock, valued at approximately $743,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisor Partners LLC grew its position in Huntington Ingalls Industries by 0.3% in the second quarter. Advisor Partners LLC now owns 1,391 shares of the aerospace company’s stock valued at $259,000 after acquiring an additional 4 shares during the period. ProVise Management Group LLC grew its position in Huntington Ingalls Industries by 1.0% in the second quarter. ProVise Management Group LLC now owns 2,548 shares of the aerospace company’s stock valued at $474,000 after acquiring an additional 26 shares during the period. Somerset Trust Co grew its position in Huntington Ingalls Industries by 1.0% in the second quarter. Somerset Trust Co now owns 2,833 shares of the aerospace company’s stock valued at $528,000 after acquiring an additional 27 shares during the period. Van ECK Associates Corp grew its position in Huntington Ingalls Industries by 6.3% in the first quarter. Van ECK Associates Corp now owns 673 shares of the aerospace company’s stock valued at $135,000 after acquiring an additional 40 shares during the period. Finally, World Asset Management Inc grew its position in Huntington Ingalls Industries by 1.7% in the second quarter. World Asset Management Inc now owns 2,588 shares of the aerospace company’s stock valued at $482,000 after acquiring an additional 44 shares during the period. Institutional investors and hedge funds own 85.45% of the company’s stock.

A number of analysts have weighed in on the company. BidaskClub cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Citigroup Inc. reiterated a “neutral” rating and issued a $233.00 price target (up from $224.00) on shares of Huntington Ingalls Industries in a research report on Monday. Cowen and Company reiterated a “hold” rating and issued a $225.00 price target on shares of Huntington Ingalls Industries in a research report on Friday. Zacks Investment Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 price target on the stock in a research report on Monday, July 17th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $240.00 price target (up from $230.00) on shares of Huntington Ingalls Industries in a research report on Wednesday, August 9th. 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. The company has an average rating of “Hold” and an average price target of $209.00.

Shares of Huntington Ingalls Industries, Inc. (NYSE HII) traded down 0.45% during mid-day trading on Tuesday, hitting $234.88. The stock had a trading volume of 30,989 shares. The stock has a 50 day moving average price of $217.22 and a 200 day moving average price of $203.43. The firm has a market cap of $10.67 billion, a PE ratio of 19.19 and a beta of 1.18. Huntington Ingalls Industries, Inc. has a 52 week low of $146.52 and a 52 week high of $236.94.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.59. Huntington Ingalls Industries had a return on equity of 31.12% and a net margin of 7.93%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the company posted $2.32 EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities research analysts expect that Huntington Ingalls Industries, Inc. will post $11.54 EPS for the current fiscal year.

In other news, VP D R. Wyatt sold 800 shares of Huntington Ingalls Industries stock in a transaction on Friday, August 11th. The stock was sold at an average price of $214.83, for a total value of $171,864.00. Following the transaction, the vice president now owns 19,865 shares in the company, valued at approximately $4,267,597.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Jennifer R. Boykin sold 2,362 shares of Huntington Ingalls Industries stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $196.00, for a total value of $462,952.00. Following the completion of the transaction, the vice president now owns 6,425 shares in the company, valued at approximately $1,259,300. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,147 shares of company stock worth $1,276,890. Corporate insiders own 2.22% of the company’s stock.

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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.

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

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