Trade Report: The First Citizens Bank & Trust Co. decides to keep it stake in Huntington Ingalls Industries Inc. (HII) to the level of $619,000

The First Citizens Bank & Trust Co. decides to keep it stake in Huntington Ingalls Industries Inc. (HII) to the level of $619,000

First Citizens Bank & Trust Co. increased its stake in Huntington Ingalls Industries Inc. (NYSE:HII) by 6.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,681 shares of the company’s stock after buying an additional 222 shares during the period. First Citizens Bank & Trust Co.’s holdings in Huntington Ingalls Industries were worth $619,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HII. Geode Capital Management LLC raised its position in shares of Huntington Ingalls Industries by 1.6% in the first quarter. Geode Capital Management LLC now owns 402,266 shares of the company’s stock valued at $55,086,000 after buying an additional 6,275 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Huntington Ingalls Industries during the second quarter valued at approximately $151,600,000. UBS Asset Management Americas Inc. raised its position in shares of Huntington Ingalls Industries by 1.7% in the first quarter. UBS Asset Management Americas Inc. now owns 58,039 shares of the company’s stock valued at $7,947,000 after buying an additional 985 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in shares of Huntington Ingalls Industries by 179.1% in the first quarter. Adage Capital Partners GP L.L.C. now owns 135,788 shares of the company’s stock valued at $18,595,000 after buying an additional 87,135 shares in the last quarter. Finally, Clark Capital Management Group Inc. bought a new position in shares of Huntington Ingalls Industries during the first quarter valued at approximately $235,000. Hedge funds and other institutional investors own 88.59% of the company’s stock.

Huntington Ingalls Industries Inc. (NYSE:HII) traded up 0.65% on Friday, hitting $156.60. 179,166 shares of the company were exchanged. The stock has a market cap of $7.33 billion, a PE ratio of 17.35 and a beta of 1.29. The firm has a 50 day moving average of $158.64 and a 200-day moving average of $158.08. Huntington Ingalls Industries Inc. has a 52-week low of $104.37 and a 52-week high of $177.10.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, August 4th. The company reported $2.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.32. Huntington Ingalls Industries had a net margin of 6.00% and a return on equity of 30.49%. The firm earned $1.70 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the firm earned $1.99 earnings per share. Huntington Ingalls Industries’s revenue was down 2.6% compared to the same quarter last year. On average, equities analysts expect that Huntington Ingalls Industries Inc. will post $10.53 earnings per share for the current fiscal year.

HII has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $180.00 price objective on the stock in a report on Wednesday, June 29th. Cowen and Company lowered shares of Huntington Ingalls Industries from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $185.00 to $165.00 in a report on Tuesday, September 20th. Deutsche Bank AG reiterated a “buy” rating and set a $190.00 target price (up from $167.00) on shares of Huntington Ingalls Industries in a report on Monday, July 11th. Wells Fargo & Co. lowered shares of Huntington Ingalls Industries from an “outperform” rating to a “market perform” rating in a report on Friday, August 5th. They noted that the move was a valuation call. Finally, Citigroup Inc. increased their target price on shares of Huntington Ingalls Industries from $180.00 to $191.00 and gave the stock a “buy” rating in a report on Tuesday, September 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $159.00.

In related news, VP D R. Wyatt sold 800 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $169.00, for a total value of $135,200.00. Following the completion of the sale, the vice president now directly owns 20,249 shares in the company, valued at $3,422,081. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Jerri F. Dickseski sold 625 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $153.25, for a total transaction of $95,781.25. Following the completion of the sale, the vice president now owns 34,045 shares of the company’s stock, valued at $5,217,396.25. The disclosure for this sale can be found here. 2.76% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc (HII) designs, builds, overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Company is the designer, builder and refueler of nuclear powered aircraft carriers, a builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters (NSCs) for the United States Coast Guard.

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