State Street Corp Acquires 12,014 Shares of Huntington Ingalls Industries, Inc. (HII)

State Street Corp grew its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 0.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,921,169 shares of the aerospace company’s stock after purchasing an additional 12,014 shares during the period. State Street Corp owned about 6.43% of Huntington Ingalls Industries worth $543,803,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of HII. UBS Asset Management Americas Inc. raised its holdings in shares of Huntington Ingalls Industries by 17.5% in the first quarter. UBS Asset Management Americas Inc. now owns 98,480 shares of the aerospace company’s stock valued at $19,720,000 after purchasing an additional 14,667 shares during the last quarter. Van ECK Associates Corp boosted 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 worth $135,000 after purchasing an additional 40 shares during the period. Laurion Capital Management LP bought a new position in Huntington Ingalls Industries during the first quarter worth $280,000. Legal & General Group Plc boosted its position in Huntington Ingalls Industries by 32.4% during the first quarter. Legal & General Group Plc now owns 77,417 shares of the aerospace company’s stock worth $15,504,000 after purchasing an additional 18,966 shares during the period. Finally, MARSHALL WACE ASIA Ltd bought a new position in Huntington Ingalls Industries during the first quarter worth $4,609,000. Institutional investors own 85.45% of the company’s stock.

In related news, VP William R. Ermatinger sold 2,985 shares of Huntington Ingalls Industries stock in a transaction that occurred 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 in the company, valued at $7,057,431. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP D R. Wyatt sold 800 shares of Huntington Ingalls Industries stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $214.83, for a total value of $171,864.00. Following the sale, the vice president now owns 19,865 shares in the company, valued at $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 equities analysts have commented on HII shares. BidaskClub raised shares of Huntington Ingalls Industries from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 15th. Zacks Investment Research raised shares of 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. Deutsche Bank AG reissued a “buy” rating and issued a $240.00 target price (up previously from $230.00) on shares of Huntington Ingalls Industries in a research report on Wednesday, August 9th. Cowen and Company reissued a “hold” rating and issued a $210.00 target price on shares of Huntington Ingalls Industries in a research report on Tuesday, August 22nd. Finally, ValuEngine raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. 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 company. The company has an average rating of “Hold” and an average target price of $209.00.

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Shares of Huntington Ingalls Industries, Inc. (HII) traded up 0.02% during mid-day trading on Thursday, reaching $233.98. The company had a trading volume of 6,826 shares. The stock has a 50 day moving average price of $218.86 and a 200 day moving average price of $203.86. Huntington Ingalls Industries, Inc. has a 12-month low of $146.52 and a 12-month high of $236.94. The firm has a market capitalization of $10.62 billion, a PE ratio of 19.12 and a beta of 1.18.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share 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 return on equity of 31.12% and a net margin of 7.93%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $2.32 EPS. On average, equities analysts forecast that Huntington Ingalls Industries, Inc. will post $11.54 earnings per share for the current year.

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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