Huntington Ingalls Industries Inc (HII) Position Boosted by Meeder Asset Management Inc.

Meeder Asset Management Inc. lifted its holdings in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 60.3% in the fourth quarter, HoldingsChannel reports. The fund owned 19,211 shares of the aerospace company’s stock after purchasing an additional 7,224 shares during the period. Meeder Asset Management Inc.’s holdings in Huntington Ingalls Industries were worth $4,528,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Toronto Dominion Bank raised its holdings in shares of Huntington Ingalls Industries by 6.8% during the second quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock valued at $105,000 after acquiring an additional 36 shares in the last quarter. IHT Wealth Management LLC raised its holdings in shares of Huntington Ingalls Industries by 1,750.0% during the second quarter. IHT Wealth Management LLC now owns 148 shares of the aerospace company’s stock valued at $973,000 after acquiring an additional 140 shares in the last quarter. IFC Holdings Incorporated FL raised its holdings in shares of Huntington Ingalls Industries by 3.6% during the fourth quarter. IFC Holdings Incorporated FL now owns 6,434 shares of the aerospace company’s stock valued at $1,523,000 after acquiring an additional 223 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of Huntington Ingalls Industries by 1.3% during the second quarter. Ameritas Investment Partners Inc. now owns 17,997 shares of the aerospace company’s stock valued at $3,349,000 after acquiring an additional 228 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Huntington Ingalls Industries by 19.2% during the third quarter. Daiwa Securities Group Inc. now owns 1,550 shares of the aerospace company’s stock valued at $351,000 after acquiring an additional 250 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

In related news, Director Philip M. Bilden purchased 2,200 shares of Huntington Ingalls Industries stock in a transaction dated Friday, November 24th. The stock was purchased at an average cost of $234.11 per share, for a total transaction of $515,042.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP D R. Wyatt sold 800 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $240.33, for a total value of $192,264.00. Following the transaction, the vice president now owns 19,065 shares of the company’s stock, valued at $4,581,891.45. The disclosure for this sale can be found here. 2.22% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Inc (HII) opened at $243.77 on Monday. The company has a quick ratio of 1.38, a current ratio of 1.52 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $11,033.34, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.26 and a beta of 1.15. Huntington Ingalls Industries Inc has a twelve month low of $183.42 and a twelve month high of $253.44.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.49. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.80 billion. Huntington Ingalls Industries had a return on equity of 33.37% and a net margin of 8.31%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.27 earnings per share. equities analysts forecast that Huntington Ingalls Industries Inc will post 12.09 EPS for the current year.

Huntington Ingalls Industries declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

A number of brokerages recently commented on HII. Cowen upgraded Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating in a report on Friday. Zacks Investment Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $266.00 target price for the company in a report on Thursday, January 11th. ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Credit Suisse Group reiterated a “neutral” rating and issued a $241.00 price objective (up previously from $211.00) on shares of Huntington Ingalls Industries in a report on Thursday, November 9th. Finally, Citigroup reiterated a “neutral” rating and issued a $233.00 price objective (up previously from $224.00) on shares of Huntington Ingalls Industries in a report on Monday, October 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus target price of $227.43.

WARNING: “Huntington Ingalls Industries Inc (HII) Position Boosted by Meeder Asset Management Inc.” was originally published by Stock Observer and is the property of of Stock Observer. If you are reading this story on another domain, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this story can be read at https://www.thestockobserver.com/2018/02/05/huntington-ingalls-industries-inc-hii-position-boosted-by-meeder-asset-management-inc.html.

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.

Want to see what other hedge funds are holding HII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Ingalls Industries Inc (NYSE:HII).

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

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

Leave a Reply