PNC Financial Services Group Inc. Boosts Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

PNC Financial Services Group Inc. increased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 11.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,393 shares of the aerospace company’s stock after buying an additional 1,290 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Huntington Ingalls Industries were worth $3,218,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HII. Van ECK Associates Corp boosted its holdings in shares of Huntington Ingalls Industries by 5,658.6% in the 4th quarter. Van ECK Associates Corp now owns 684,235 shares of the aerospace company’s stock worth $177,655,000 after buying an additional 672,353 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of Huntington Ingalls Industries by 266.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 171,496 shares of the aerospace company’s stock worth $35,085,000 after buying an additional 124,685 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of Huntington Ingalls Industries by 745.3% in the 4th quarter. TD Asset Management Inc now owns 100,569 shares of the aerospace company’s stock worth $26,112,000 after buying an additional 88,671 shares during the last quarter. Epoch Investment Partners Inc. boosted its holdings in shares of Huntington Ingalls Industries by 48.7% in the 4th quarter. Epoch Investment Partners Inc. now owns 250,469 shares of the aerospace company’s stock worth $65,032,000 after buying an additional 82,028 shares during the last quarter. Finally, Copeland Capital Management LLC boosted its holdings in shares of Huntington Ingalls Industries by 2,689.4% in the 4th quarter. Copeland Capital Management LLC now owns 80,587 shares of the aerospace company’s stock worth $20,924,000 after buying an additional 77,698 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HII. Citigroup started coverage on shares of Huntington Ingalls Industries in a report on Monday, May 20th. They issued a “buy” rating and a $310.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Finally, StockNews.com downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $278.00.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 1,043 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $252.03, for a total transaction of $262,867.29. Following the transaction, the vice president now directly owns 11,961 shares in the company, valued at $3,014,530.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 1,043 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $252.03, for a total transaction of $262,867.29. Following the transaction, the vice president now directly owns 11,961 shares in the company, valued at $3,014,530.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Edmond E. Jr. Hughes sold 1,500 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $256.07, for a total transaction of $384,105.00. Following the transaction, the vice president now owns 8,135 shares in the company, valued at $2,083,129.45. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Up 1.6 %

HII stock opened at $245.93 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54. The company’s 50 day moving average is $257.87 and its 200 day moving average is $266.43. The stock has a market cap of $9.70 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 2.07 and a beta of 0.56. Huntington Ingalls Industries, Inc. has a 1-year low of $199.11 and a 1-year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.50 by $0.37. The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.81 billion. Huntington Ingalls Industries had a net margin of 6.09% and a return on equity of 18.08%. Huntington Ingalls Industries’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.23 earnings per share. Sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 16.35 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Friday, May 31st. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 29.31%.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.