Pitcairn Co. trimmed its holdings in Huntington Ingalls Industries Inc (NYSE:HII) by 11.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,593 shares of the aerospace company’s stock after selling 215 shares during the quarter. Pitcairn Co.’s holdings in Huntington Ingalls Industries were worth $278,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Harwood Advisory Group LLC acquired a new stake in shares of Huntington Ingalls Industries in the 1st quarter valued at approximately $26,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Huntington Ingalls Industries by 129.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 186 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 105 shares during the period. Valeo Financial Advisors LLC raised its position in shares of Huntington Ingalls Industries by 131.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 194 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 110 shares during the period. Aigen Investment Management LP acquired a new stake in Huntington Ingalls Industries during the 1st quarter worth approximately $46,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Huntington Ingalls Industries during the 4th quarter worth approximately $50,000. 87.93% of the stock is owned by institutional investors.
In related news, VP Edgar A. Green III sold 3,194 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $191.59, for a total value of $611,938.46. Following the completion of the transaction, the vice president now directly owns 9,282 shares of the company’s stock, valued at $1,778,338.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.76% of the stock is currently owned by company insiders.
Shares of HII opened at $173.71 on Friday. The stock has a market capitalization of $7.03 billion, a P/E ratio of 11.28 and a beta of 1.07. Huntington Ingalls Industries Inc has a twelve month low of $147.14 and a twelve month high of $279.71. The company has a 50 day moving average of $175.66 and a 200-day moving average of $201.95. The company has a quick ratio of 0.95, a current ratio of 1.03 and a debt-to-equity ratio of 1.11.
Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, May 7th. The aerospace company reported $4.23 earnings per share for the quarter, missing the consensus estimate of $4.52 by ($0.29). The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.11 billion. Huntington Ingalls Industries had a return on equity of 38.63% and a net margin of 6.64%. Huntington Ingalls Industries’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.85 earnings per share. On average, sell-side analysts anticipate that Huntington Ingalls Industries Inc will post 18.59 earnings per share for the current fiscal year.
Several analysts have commented on HII shares. Credit Suisse Group downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $284.00 to $204.00 in a report on Tuesday, April 28th. Seaport Global Securities started coverage on shares of Huntington Ingalls Industries in a report on Tuesday, May 19th. They set a “neutral” rating on the stock. UBS Group dropped their target price on shares of Huntington Ingalls Industries from $290.00 to $270.00 and set a “buy” rating on the stock in a report on Thursday, June 11th. Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating and set a $193.00 target price on the stock in a report on Monday, June 15th. Finally, Royal Bank of Canada started coverage on shares of Huntington Ingalls Industries in a report on Wednesday, May 20th. They set an “outperform” rating and a $213.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $236.89.
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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