Hsbc Holdings PLC Boosts Position in Huntington Ingalls Industries, Inc. $HII

Hsbc Holdings PLC lifted its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 115.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,204 shares of the aerospace company’s stock after acquiring an additional 61,811 shares during the quarter. Hsbc Holdings PLC’s holdings in Huntington Ingalls Industries were worth $32,251,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC purchased a new position in Huntington Ingalls Industries during the 2nd quarter valued at $25,000. Rakuten Securities Inc. increased its stake in shares of Huntington Ingalls Industries by 140.0% in the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 63 shares in the last quarter. Bayban purchased a new position in Huntington Ingalls Industries during the 1st quarter valued at about $27,000. Smartleaf Asset Management LLC lifted its position in Huntington Ingalls Industries by 363.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 109 shares during the period. Finally, Cassaday & Co Wealth Management LLC bought a new stake in Huntington Ingalls Industries during the first quarter worth about $36,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Down 0.2%

NYSE:HII opened at $285.30 on Tuesday. The company’s 50 day moving average price is $297.58 and its 200-day moving average price is $339.35. Huntington Ingalls Industries, Inc. has a 52 week low of $263.62 and a 52 week high of $460.00. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.51. The stock has a market cap of $11.24 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 1.08 and a beta of 0.23.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, July 30th. The aerospace company reported $5.27 earnings per share for the quarter, beating the consensus estimate of $3.79 by $1.48. Huntington Ingalls Industries had a net margin of 5.01% and a return on equity of 12.89%. The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter last year, the firm earned $3.86 earnings per share. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 18.47 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 32.90%.

Analysts Set New Price Targets

HII has been the subject of a number of analyst reports. Sanford C. Bernstein set a $341.00 target price on shares of Huntington Ingalls Industries in a research note on Tuesday, August 25th. Wells Fargo & Company boosted their price target on Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. Weiss Ratings upgraded Huntington Ingalls Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 31st. Citigroup raised their price objective on Huntington Ingalls Industries from $349.00 to $379.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Wall Street Zen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $368.88.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, CEO Christopher Kastner sold 13,070 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $324.92, for a total transaction of $4,246,704.40. Following the transaction, the chief executive officer directly owned 11,224 shares of the company’s stock, valued at $3,646,902.08. This represents a 53.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.80% of the stock is owned by corporate insiders.

Huntington Ingalls Industries 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.