First Hawaiian Bank acquired a new position in Huntington Ingalls Industries Inc (NYSE:HII) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,724 shares of the aerospace company’s stock, valued at approximately $1,466,000.
Several other institutional investors and hedge funds have also bought and sold shares of HII. First Command Bank bought a new position in Huntington Ingalls Industries during the second quarter valued at $101,000. First Command Financial Services Inc. bought a new position in Huntington Ingalls Industries during the second quarter valued at $101,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Huntington Ingalls Industries during the second quarter valued at $110,000. Moneta Group Investment Advisors LLC boosted its stake in shares of Huntington Ingalls Industries by 1,392.5% during the second quarter. Moneta Group Investment Advisors LLC now owns 597 shares of the aerospace company’s stock valued at $129,000 after purchasing an additional 557 shares during the period. Finally, NEXT Financial Group Inc purchased a new stake in shares of Huntington Ingalls Industries during the third quarter valued at $168,000. 85.56% of the stock is currently owned by institutional investors.
In other news, VP Jerri F. Dickseski sold 271 shares of the company’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $257.84, for a total transaction of $69,874.64. Following the transaction, the vice president now owns 34,750 shares in the company, valued at $8,959,940. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.22% of the company’s stock.
Shares of HII stock traded up $3.59 during mid-day trading on Friday, hitting $223.65. 569,941 shares of the stock traded hands, compared to its average volume of 422,193. The firm has a market cap of $10.14 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 0.91 and a beta of 1.13. Huntington Ingalls Industries Inc has a 52-week low of $201.91 and a 52-week high of $276.69. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.31 and a current ratio of 1.43.
Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, November 8th. The aerospace company reported $5.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.14 by $1.15. Huntington Ingalls Industries had a net margin of 7.84% and a return on equity of 39.78%. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the prior year, the company posted $3.27 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, equities analysts predict that Huntington Ingalls Industries Inc will post 17.24 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.86 per share. The ex-dividend date is Thursday, November 29th. This represents a $3.44 annualized dividend and a dividend yield of 1.54%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $0.72. Huntington Ingalls Industries’s dividend payout ratio is 23.72%.
A number of brokerages have recently issued reports on HII. Bank of America lowered their target price on shares of Huntington Ingalls Industries from $335.00 to $305.00 and set a “buy” rating for the company in a research note on Friday. Seaport Global Securities began coverage on shares of Huntington Ingalls Industries in a research note on Thursday, August 23rd. They set a “neutral” rating and a $260.00 target price for the company. Cowen reissued a “buy” rating and set a $250.00 target price on shares of Huntington Ingalls Industries in a research note on Thursday, August 2nd. ValuEngine raised shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research note on Monday, October 22nd. Finally, UBS Group initiated coverage on shares of Huntington Ingalls Industries in a research note on Wednesday, August 15th. They issued a “buy” rating and a $290.00 price objective for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $262.83.
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Huntington Ingalls Industries Company Profile
Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.
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