BB&T Securities LLC boosted its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 32.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,361 shares of the aerospace company’s stock after buying an additional 1,058 shares during the period. BB&T Securities LLC’s holdings in Huntington Ingalls Industries were worth $811,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HII. BlackRock Inc. increased its position in Huntington Ingalls Industries by 6,424.3% in the first quarter. BlackRock Inc. now owns 4,452,038 shares of the aerospace company’s stock worth $891,476,000 after buying an additional 4,383,800 shares during the period. Morgan Stanley increased its position in Huntington Ingalls Industries by 185.7% in the first quarter. Morgan Stanley now owns 359,359 shares of the aerospace company’s stock worth $71,958,000 after buying an additional 233,584 shares during the period. Vanguard Group Inc. increased its position in Huntington Ingalls Industries by 3.9% in the first quarter. Vanguard Group Inc. now owns 4,449,811 shares of the aerospace company’s stock worth $891,031,000 after buying an additional 166,765 shares during the period. AQR Capital Management LLC increased its position in Huntington Ingalls Industries by 7.5% in the first quarter. AQR Capital Management LLC now owns 1,778,952 shares of the aerospace company’s stock worth $356,217,000 after buying an additional 124,237 shares during the period. Finally, Janus Capital Management LLC increased its position in Huntington Ingalls Industries by 139.9% in the first quarter. Janus Capital Management LLC now owns 186,431 shares of the aerospace company’s stock worth $37,330,000 after buying an additional 108,731 shares during the period. Hedge funds and other institutional investors own 85.46% of the company’s stock.

Huntington Ingalls Industries, Inc. (HII) opened at 208.80 on Wednesday. The company has a market capitalization of $9.48 billion, a PE ratio of 17.06 and a beta of 1.18. The company has a 50-day moving average price of $205.47 and a 200 day moving average price of $201.85. Huntington Ingalls Industries, Inc. has a 52-week low of $146.52 and a 52-week high of $220.68.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $3.21 EPS for the quarter, beating the Zacks’ consensus estimate of $2.62 by $0.59. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.79 billion. Huntington Ingalls Industries had a net margin of 7.93% and a return on equity of 31.12%. The company’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $2.32 EPS. Equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post $11.54 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Wednesday, August 23rd. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 19.61%.

WARNING: This piece was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/30/huntington-ingalls-industries-inc-hii-shares-bought-by-bbt-securities-llc.html.

HII has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 target price on the stock in a report on Monday, July 17th. Cowen and Company reiterated a “hold” rating and set a $210.00 target price on shares of Huntington Ingalls Industries in a report on Thursday, May 4th. Credit Suisse Group dropped their price target on Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating on the stock in a research report on Friday, May 5th. BidaskClub raised Huntington Ingalls Industries from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 15th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $240.00 price target (up from $230.00) on shares of Huntington Ingalls Industries in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $205.00.

In related news, VP William R. Ermatinger sold 2,985 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $215.10, for a total value of $642,073.50. Following the transaction, the vice president now directly owns 32,810 shares of the company’s stock, valued at approximately $7,057,431. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP D R. Wyatt sold 800 shares of the stock in a transaction on Friday, August 11th. The shares were sold at an average price of $214.83, for a total transaction of $171,864.00. Following the completion of the transaction, the vice president now directly owns 19,865 shares in the company, valued at $4,267,597.95. The disclosure for this sale can be found here. Insiders sold a total of 7,699 shares of company stock worth $1,576,565 over the last ninety days. Insiders own 2.22% of the company’s stock.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.

Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

Receive News & Stock Ratings for Huntington Ingalls Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Ingalls Industries Inc. and related stocks with our FREE daily email newsletter.