Harel Insurance Investments & Financial Services Ltd. Increases Stake in Huntington Ingalls Industries, Inc. $HII

Harel Insurance Investments & Financial Services Ltd. raised its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 39.0% during the first quarter, Holdings Channel.com reports. The firm owned 7,343 shares of the aerospace company’s stock after purchasing an additional 2,061 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Huntington Ingalls Industries were worth $2,790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in HII. Geneos Wealth Management Inc. grew its stake in Huntington Ingalls Industries by 40.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock valued at $42,000 after acquiring an additional 59 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Huntington Ingalls Industries by 329.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the aerospace company’s stock worth $88,000 after acquiring an additional 280 shares during the period. Marshall Wace LLP grew its position in shares of Huntington Ingalls Industries by 432.1% in the second quarter. Marshall Wace LLP now owns 38,144 shares of the aerospace company’s stock valued at $9,210,000 after purchasing an additional 30,975 shares during the period. Cresset Asset Management LLC grew its holdings in Huntington Ingalls Industries by 23.0% in the 2nd quarter. Cresset Asset Management LLC now owns 1,575 shares of the aerospace company’s stock valued at $381,000 after buying an additional 294 shares during the period. Finally, Jump Financial LLC acquired a new position in Huntington Ingalls Industries during the second quarter worth approximately $398,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on HII shares. Wall Street Zen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Wells Fargo & Company began coverage on Huntington Ingalls Industries in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 target price for the company. Citigroup dropped their price target on shares of Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Weiss Ratings downgraded Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Finally, TD Cowen decreased their price target on shares of Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating for the company in a report on Monday. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $374.00.

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 on 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 sale, the vice president directly owned 8,391 shares of the company’s stock, valued at $2,681,595.78. This trade represents a 29.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.80% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Trading Down 0.7%

NYSE:HII opened at $277.99 on Thursday. Huntington Ingalls Industries, Inc. has a 1 year low of $250.91 and a 1 year high of $460.00. The stock has a market cap of $10.95 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 1.20 and a beta of 0.25. The business has a fifty day moving average of $299.87 and a 200-day moving average of $365.01. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.09. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same period last year, the firm posted $3.79 earnings per share. The business’s revenue was up 13.4% on a year-over-year basis. Equities analysts predict that Huntington Ingalls Industries, Inc. will post 17.33 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio is 35.91%.

Huntington Ingalls Industries Company Profile

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.