Commerce Bank Has $239,000 Stake in Huntington Ingalls Industries, Inc. (HII)

Commerce Bank decreased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 19.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,286 shares of the aerospace company’s stock after selling 312 shares during the period. Commerce Bank’s holdings in Huntington Ingalls Industries were worth $239,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of Huntington Ingalls Industries by 25.0% in the first quarter. Tower Research Capital LLC TRC now owns 500 shares of the aerospace company’s stock worth $100,000 after buying an additional 100 shares during the period. Toronto Dominion Bank boosted its position in shares of Huntington Ingalls Industries by 30.6% in the first quarter. Toronto Dominion Bank now owns 529 shares of the aerospace company’s stock worth $106,000 after buying an additional 124 shares during the period. Israel Discount Bank of New York purchased a new stake in shares of Huntington Ingalls Industries in the first quarter worth about $115,000. Global X Management Co. LLC purchased a new stake in shares of Huntington Ingalls Industries in the second quarter worth about $125,000. Finally, Van ECK Associates Corp boosted its position in shares of Huntington Ingalls Industries by 6.3% in the first quarter. Van ECK Associates Corp now owns 673 shares of the aerospace company’s stock worth $135,000 after buying an additional 40 shares during the period. 85.46% of the stock is owned by institutional investors.

A number of research analysts recently commented on HII shares. ValuEngine raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Deutsche Bank AG reissued a “buy” rating and issued a $240.00 price target (up previously from $230.00) on shares of Huntington Ingalls Industries in a report on Wednesday, August 9th. BidaskClub raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Cowen and Company reissued a “hold” rating and issued a $210.00 price target on shares of Huntington Ingalls Industries in a report on Tuesday, August 22nd. Finally, Zacks Investment Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 price target for the company in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $205.00.

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Huntington Ingalls Industries, Inc. (HII) opened at 213.56 on Wednesday. The company has a 50-day moving average price of $209.62 and a 200-day moving average price of $202.18. Huntington Ingalls Industries, Inc. has a one year low of $146.52 and a one year high of $220.68. The stock has a market cap of $9.70 billion, a P/E ratio of 17.45 and a beta of 1.18.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Wednesday, August 23rd. Huntington Ingalls Industries’s dividend payout ratio is currently 19.61%.

In other news, VP D R. Wyatt sold 800 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $214.83, for a total value of $171,864.00. Following the sale, the vice president now directly owns 19,865 shares of the company’s stock, valued at $4,267,597.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Jennifer R. Boykin sold 2,362 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $196.00, for a total value of $462,952.00. Following the completion of the sale, the vice president now directly owns 6,425 shares in the company, valued at $1,259,300. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,699 shares of company stock worth $1,576,565. 2.22% of the stock is currently owned by company insiders.

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.

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

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