AMG National Trust Bank Maintains Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

AMG National Trust Bank held its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,887 shares of the aerospace company’s stock at the close of the second quarter. AMG National Trust Bank’s holdings in Huntington Ingalls Industries were worth $537,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of HII. BlackRock Inc. grew its stake in Huntington Ingalls Industries by 6,424.3% during the 1st quarter. BlackRock Inc. now owns 4,452,038 shares of the aerospace company’s stock valued at $891,476,000 after purchasing an additional 4,383,800 shares in the last quarter. Morgan Stanley grew its stake in Huntington Ingalls Industries by 185.7% during the 1st quarter. Morgan Stanley now owns 359,359 shares of the aerospace company’s stock valued at $71,958,000 after purchasing an additional 233,584 shares in the last quarter. Vanguard Group Inc. grew its stake in Huntington Ingalls Industries by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 4,449,811 shares of the aerospace company’s stock valued at $891,031,000 after purchasing an additional 166,765 shares in the last quarter. AQR Capital Management LLC grew its stake in Huntington Ingalls Industries by 7.5% during the 1st quarter. AQR Capital Management LLC now owns 1,778,952 shares of the aerospace company’s stock valued at $356,217,000 after purchasing an additional 124,237 shares in the last quarter. Finally, Janus Capital Management LLC grew its stake in Huntington Ingalls Industries by 139.9% during the 1st quarter. Janus Capital Management LLC now owns 186,431 shares of the aerospace company’s stock valued at $37,330,000 after purchasing an additional 108,731 shares in the last quarter. Institutional investors and hedge funds own 85.46% of the company’s stock.

Several analysts recently issued reports on the company. ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Deutsche Bank AG restated a “buy” rating and issued a $240.00 target price (up from $230.00) on shares of Huntington Ingalls Industries in a report on Wednesday, August 9th. BidaskClub upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Cowen and Company restated a “hold” rating and issued a $210.00 target price 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 target price for the company in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $205.00.

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Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) traded up 0.25% during mid-day trading on Friday, hitting $210.67. The company’s stock had a trading volume of 30,951 shares. The company has a 50-day moving average price of $210.35 and a 200-day moving average price of $202.27. The stock has a market cap of $9.57 billion, a PE ratio of 17.21 and a beta of 1.18. Huntington Ingalls Industries, Inc. has a 1-year low of $146.52 and a 1-year high of $220.68.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $3.21 EPS for the quarter, topping the Zacks’ consensus estimate of $2.62 by $0.59. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.79 billion. Huntington Ingalls Industries had a net margin of 7.93% and a return on equity of 31.12%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.32 EPS. Analysts predict that Huntington Ingalls Industries, Inc. will post $11.54 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Wednesday, August 23rd. Huntington Ingalls Industries’s payout ratio is 19.61%.

In other news, VP Jerri F. Dickseski sold 1,552 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $193.09, for a total value of $299,675.68. Following the completion of the sale, the vice president now directly owns 34,659 shares of the company’s stock, valued at approximately $6,692,306.31. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP William R. Ermatinger sold 2,985 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $215.10, for a total transaction of $642,073.50. Following the completion of the sale, the vice president now directly owns 32,810 shares of the company’s stock, valued at $7,057,431. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,699 shares of company stock worth $1,576,565. 2.22% of the stock is owned by insiders.

Huntington Ingalls Industries Company Profile

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.

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

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