Huntington Ingalls Industries, Inc. (NYSE:HII) Stake Decreased by Fiduciary Trust Co.

Fiduciary Trust Co. lowered its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 23.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,216 shares of the aerospace company’s stock after selling 1,315 shares during the period. Fiduciary Trust Co.’s holdings in Huntington Ingalls Industries were worth $784,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in HII. Tower Research Capital LLC TRC grew 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 valued at $100,000 after purchasing an additional 100 shares during the period. Toronto Dominion Bank grew 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 valued at $106,000 after purchasing an additional 124 shares during the period. Israel Discount Bank of New York purchased a new stake in Huntington Ingalls Industries during the first quarter valued at about $115,000. Global X Management Co. LLC purchased a new stake in Huntington Ingalls Industries during the second quarter valued at about $125,000. Finally, Van ECK Associates Corp grew its position in Huntington Ingalls Industries by 6.3% during the first quarter. Van ECK Associates Corp now owns 673 shares of the aerospace company’s stock valued at $135,000 after acquiring an additional 40 shares during the period. 85.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries, Inc. (HII) traded up 1.13% during trading on Friday, hitting $212.52. The stock had a trading volume of 64,651 shares. The company has a market cap of $9.65 billion, a PE ratio of 17.36 and a beta of 1.18. The stock has a 50-day moving average price of $210.35 and a 200-day moving average price of $202.27. Huntington Ingalls Industries, Inc. has a 52 week low of $146.52 and a 52 week high of $220.68.

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

The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors 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 dividend payout ratio is currently 19.61%.

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

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 800 shares of Huntington Ingalls Industries stock in a transaction on Friday, August 11th. The shares were sold at an average price of $214.83, for a total transaction of $171,864.00. Following the completion of the sale, the vice president now owns 19,865 shares of the company’s stock, valued at approximately $4,267,597.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP William R. Ermatinger sold 2,985 shares of Huntington Ingalls Industries stock in a transaction on Monday, August 14th. The stock was sold at an average price of $215.10, for a total transaction of $642,073.50. Following the sale, the vice president now directly owns 32,810 shares of the company’s stock, valued at approximately $7,057,431. The disclosure for this sale can be found here. In the last three months, insiders sold 7,699 shares of company stock valued at $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.

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

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