Citizens Financial Group Inc. RI Buys 13,422 Shares of Huntington Ingalls Industries, Inc. $HII

Citizens Financial Group Inc. RI grew its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 167.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 21,446 shares of the aerospace company’s stock after buying an additional 13,422 shares during the period. Citizens Financial Group Inc. RI’s holdings in Huntington Ingalls Industries were worth $8,147,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. CYBER HORNET ETFs LLC acquired a new position in Huntington Ingalls Industries in the 2nd quarter valued at approximately $25,000. Rakuten Securities Inc. lifted its position 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 worth $26,000 after acquiring an additional 63 shares during the period. Bayban bought a new stake in shares of Huntington Ingalls Industries in the 1st quarter worth approximately $27,000. NBC Securities Inc. grew its holdings in shares of Huntington Ingalls Industries by 87.2% during the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 41 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Huntington Ingalls Industries by 363.3% during the second quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 109 shares during the period. Institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HII. 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 shares of Huntington Ingalls Industries in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price target on the stock. TD Cowen lowered their price target on shares of Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Weiss Ratings cut shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Finally, Citigroup reduced their price objective on shares of Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of “Hold” and a consensus target price of $381.50.

Huntington Ingalls Industries Trading Down 0.0%

HII opened at $286.03 on Monday. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $11.27 billion, a PE ratio of 18.61, a PEG ratio of 1.22 and a beta of 0.25. The firm has a 50-day moving average price of $303.20 and a two-hundred day moving average price of $366.62. Huntington Ingalls Industries, Inc. has a 1-year low of $250.91 and a 1-year high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.09. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.79 EPS. As a group, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 17.31 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, May 29th. Huntington Ingalls Industries’s payout ratio is currently 35.91%.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were 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 owned 8,391 shares in the company, valued at approximately $2,681,595.78. The trade was a 29.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.80% of the company’s stock.

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.