Huntington Ingalls Industries, Inc. $HII Shares Bought by M&T Bank Corp

M&T Bank Corp lifted its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 205.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,031 shares of the aerospace company’s stock after acquiring an additional 26,940 shares during the quarter. M&T Bank Corp owned 0.10% of Huntington Ingalls Industries worth $13,613,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HII. CYBER HORNET ETFs LLC acquired a new position in shares of Huntington Ingalls Industries in the 2nd quarter worth approximately $25,000. Rakuten Securities Inc. boosted its holdings in shares of Huntington Ingalls Industries by 140.0% in the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after buying an additional 63 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Huntington Ingalls Industries by 120.0% in the 3rd quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock valued at $32,000 after buying an additional 60 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Huntington Ingalls Industries by 363.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock valued at $33,000 after buying an additional 109 shares during the period. Finally, Community Bank N.A. acquired a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Up 0.9%

NYSE:HII opened at $370.20 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.13 and a quick ratio of 1.06. The business has a 50 day simple moving average of $410.91 and a 200 day simple moving average of $365.95. The firm has a market capitalization of $14.53 billion, a P/E ratio of 24.09, a P/E/G ratio of 1.49 and a beta of 0.36. Huntington Ingalls Industries, Inc. has a 12-month low of $215.04 and a 12-month high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.72 by $0.32. The firm had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.09 billion. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. Huntington Ingalls Industries’s revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the business posted $3.15 EPS. Equities research analysts predict that Huntington Ingalls Industries, Inc. will post 17.3 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, February 27th. Huntington Ingalls Industries’s payout ratio is presently 35.91%.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 4,400 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $422.45, for a total transaction of $1,858,780.00. Following the completion of the transaction, the vice president owned 20,360 shares in the company, valued at approximately $8,601,082. The trade was a 17.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Eric D. Chewning sold 1,700 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total value of $736,848.00. Following the transaction, the executive vice president owned 1,949 shares of the company’s stock, valued at $844,774.56. This trade represents a 46.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

HII has been the subject of several research reports. TD Cowen lifted their price target on shares of Huntington Ingalls Industries from $440.00 to $460.00 and gave the company a “buy” rating in a report on Friday, March 6th. Citigroup decreased their price target on shares of Huntington Ingalls Industries from $465.00 to $441.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. The Goldman Sachs Group lifted their price target on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Weiss Ratings upgraded Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, March 19th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $421.00 price objective on shares of Huntington Ingalls Industries in a research report on Wednesday, February 11th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Huntington Ingalls Industries has an average rating of “Moderate Buy” and a consensus price target of $383.22.

About Huntington Ingalls Industries

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.