CPC Advisors LLC Buys Shares of 8,143 Huntington Ingalls Industries, Inc. $HII

by · The Markets Daily

CPC Advisors LLC purchased a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII – Free Report) during the 1st quarter, Holdings Channel.com reports. The fund purchased 8,143 shares of the aerospace company’s stock, valued at approximately $3,094,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brookstone Capital Management lifted its holdings in Huntington Ingalls Industries by 50.0% in the first quarter. Brookstone Capital Management now owns 1,425 shares of the aerospace company’s stock valued at $542,000 after acquiring an additional 475 shares during the period. Evolve Private Wealth LLC boosted its position in Huntington Ingalls Industries by 24.8% in the first quarter. Evolve Private Wealth LLC now owns 2,480 shares of the aerospace company’s stock worth $942,000 after purchasing an additional 493 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Huntington Ingalls Industries by 5.3% during the 4th quarter. Hsbc Holdings PLC now owns 48,606 shares of the aerospace company’s stock valued at $16,543,000 after purchasing an additional 2,435 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of Huntington Ingalls Industries by 4.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 9,219 shares of the aerospace company’s stock valued at $3,135,000 after purchasing an additional 364 shares during the last quarter. Finally, Corient Private Wealth LLC increased its position in shares of Huntington Ingalls Industries by 11.7% during the 4th quarter. Corient Private Wealth LLC now owns 15,532 shares of the aerospace company’s stock valued at $5,283,000 after purchasing an additional 1,628 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the completion of the transaction, the vice president owned 8,391 shares in the company, valued at $2,681,595.78. This trade represents a 29.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

HII has been the topic of a number of research reports. Wells Fargo & Company initiated coverage on shares of Huntington Ingalls Industries in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 price objective on the stock. Weiss Ratings cut shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Citigroup dropped their price target on shares of Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Finally, TD Cowen cut their price objective on shares of Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Huntington Ingalls Industries has an average rating of “Hold” and a consensus target price of $388.50.

Check Out Our Latest Stock Analysis on HII

Huntington Ingalls Industries Price Performance

HII stock opened at $284.79 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19. The company’s fifty day moving average price is $332.52 and its 200-day moving average price is $370.65. Huntington Ingalls Industries, Inc. has a one year low of $228.69 and a one year high of $460.00. The company has a market capitalization of $11.22 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 1.21 and a beta of 0.23.

Huntington Ingalls Industries (NYSE:HII – Get Free Report) last posted its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.09. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. Huntington Ingalls Industries’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the company posted $3.79 earnings per share. On average, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 17.32 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio is 35.91%.

Huntington Ingalls Industries Company Profile

(Free Report)

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.

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