Ameritas Investment Partners Inc. Grows Holdings in Huntington Ingalls Industries, Inc. (HII)

Ameritas Investment Partners Inc. raised its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,997 shares of the aerospace company’s stock after purchasing an additional 228 shares during the period. Ameritas Investment Partners Inc.’s holdings in Huntington Ingalls Industries were worth $3,349,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. raised its position in Huntington Ingalls Industries by 25.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 17,263 shares of the aerospace company’s stock valued at $3,214,000 after purchasing an additional 3,466 shares in the last quarter. Coldstream Capital Management Inc. purchased a new stake in Huntington Ingalls Industries during the second quarter valued at about $743,000. IHT Wealth Management LLC raised its position in Huntington Ingalls Industries by 1,750.0% during the second quarter. IHT Wealth Management LLC now owns 148 shares of the aerospace company’s stock valued at $973,000 after purchasing an additional 140 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Huntington Ingalls Industries by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 67,912 shares of the aerospace company’s stock valued at $12,642,000 after purchasing an additional 1,208 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in Huntington Ingalls Industries by 57.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 13,749 shares of the aerospace company’s stock valued at $2,547,000 after purchasing an additional 5,021 shares in the last quarter. Institutional investors and hedge funds own 85.45% of the company’s stock.

In related news, VP William R. Ermatinger sold 2,985 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $215.10, for a total value of $642,073.50. Following the completion of the transaction, the vice president now owns 32,810 shares of the company’s stock, valued at approximately $7,057,431. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP D R. Wyatt sold 800 shares of the stock in a transaction dated 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 transaction, the vice president now directly owns 19,865 shares of the company’s stock, valued at approximately $4,267,597.95. The disclosure for this sale can be found here. 2.22% of the stock is currently owned by company insiders.

A number of research firms have weighed in on HII. Citigroup Inc. restated a “neutral” rating and set a $233.00 price target (up previously from $224.00) on shares of Huntington Ingalls Industries in a research report on Monday. Cowen and Company restated a “hold” rating and set a $225.00 price target on shares of Huntington Ingalls Industries in a research report on Friday, October 6th. ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Deutsche Bank AG restated a “buy” rating and set a $240.00 price target (up previously from $230.00) on shares of Huntington Ingalls Industries in a research report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $209.00.

Huntington Ingalls Industries, Inc. (HII) traded down 0.40% on Wednesday, hitting $233.95. The stock had a trading volume of 69,956 shares. The company’s 50 day moving average price is $218.11 and its 200 day moving average price is $203.64. The firm has a market cap of $10.62 billion, a price-to-earnings ratio of 19.13 and a beta of 1.18. Huntington Ingalls Industries, Inc. has a 52-week low of $146.52 and a 52-week high of $236.94.

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, beating the Zacks’ consensus estimate of $2.62 by $0.59. Huntington Ingalls Industries had a net margin of 7.93% and a return on equity of 31.12%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the firm earned $2.32 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts expect that Huntington Ingalls Industries, Inc. will post $11.54 EPS for the current year.

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Huntington Ingalls Industries 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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