Citigroup Inc. Boosts Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Citigroup Inc. lifted its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 11.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,228 shares of the aerospace company’s stock after acquiring an additional 10,834 shares during the quarter. Citigroup Inc.’s holdings in Huntington Ingalls Industries were worth $22,598,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Factorial Partners LLC grew its stake in Huntington Ingalls Industries by 26,406.7% in the 1st quarter. Factorial Partners LLC now owns 967,495 shares of the aerospace company’s stock valued at $4,700,000 after purchasing an additional 963,845 shares during the period. BlackRock Inc. increased its holdings in Huntington Ingalls Industries by 27.1% during the first quarter. BlackRock Inc. now owns 4,391,163 shares of the aerospace company’s stock worth $903,920,000 after buying an additional 935,704 shares during the last quarter. Eaton Vance Management raised its position in Huntington Ingalls Industries by 64.8% in the first quarter. Eaton Vance Management now owns 581,136 shares of the aerospace company’s stock worth $119,626,000 after acquiring an additional 228,538 shares during the period. Renaissance Technologies LLC purchased a new position in Huntington Ingalls Industries in the first quarter valued at about $36,065,000. Finally, American Century Companies Inc. boosted its stake in Huntington Ingalls Industries by 3,940.5% in the second quarter. American Century Companies Inc. now owns 156,043 shares of the aerospace company’s stock valued at $32,886,000 after acquiring an additional 152,181 shares during the last quarter. Institutional investors and hedge funds own 85.72% of the company’s stock.

NYSE:HII opened at $194.99 on Friday. Huntington Ingalls Industries, Inc. has a 12 month low of $136.44 and a 12 month high of $224.13. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.82. The firm’s 50 day moving average is $203.06 and its 200 day moving average is $206.33. The stock has a market capitalization of $7.83 billion, a PE ratio of 10.55 and a beta of 1.01.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, August 5th. The aerospace company reported $3.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.71. Huntington Ingalls Industries had a return on equity of 34.50% and a net margin of 7.81%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the company posted $1.30 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. Research analysts predict that Huntington Ingalls Industries, Inc. will post 13.44 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Friday, August 27th were issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Thursday, August 26th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 45.60%.

In other news, VP Chad N. Boudreaux sold 999 shares of Huntington Ingalls Industries stock in a transaction on Tuesday, September 7th. The stock was sold at an average price of $200.49, for a total value of $200,289.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jerri F. Dickseski sold 125 shares of the firm’s stock in a transaction dated Tuesday, August 10th. The stock was sold at an average price of $208.00, for a total value of $26,000.00. Following the completion of the transaction, the vice president now owns 29,408 shares of the company’s stock, valued at approximately $6,116,864. The disclosure for this sale can be found here. Insiders have sold 1,249 shares of company stock valued at $252,290 in the last quarter. Company insiders own 2.54% of the company’s stock.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc engages in the shipbuilding business. It operates through the following business segments: Ingalls, Newport News, and Technical Solutions. The Ingalls segment develops and constructs non-nuclear ships, assault ships, and surface combatants. The Newport News segment designs, builds, and maintains nuclear-powered ships which include aircraft carriers and submarines.

Further Reading: Hold Rating

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

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