CENTRAL TRUST Co Has $1.53 Million Holdings in Huntington Ingalls Industries Inc (HII)

CENTRAL TRUST Co lessened its stake in Huntington Ingalls Industries Inc (NYSE:HII) by 11.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,474 shares of the aerospace company’s stock after selling 815 shares during the quarter. CENTRAL TRUST Co’s holdings in Huntington Ingalls Industries were worth $1,526,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HII. Howe & Rusling Inc. boosted its holdings in Huntington Ingalls Industries by 4,844.4% in the 3rd quarter. Howe & Rusling Inc. now owns 445 shares of the aerospace company’s stock worth $101,000 after acquiring an additional 436 shares during the period. Toronto Dominion Bank boosted its holdings in Huntington Ingalls Industries by 6.8% in the 2nd quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock worth $105,000 after acquiring an additional 36 shares during the period. Sigma Planning Corp purchased a new position in Huntington Ingalls Industries in the 3rd quarter worth approximately $214,000. CAPROCK Group Inc. purchased a new position in Huntington Ingalls Industries in the 4th quarter worth approximately $218,000. Finally, Fox Run Management L.L.C. purchased a new position in Huntington Ingalls Industries in the 3rd quarter worth approximately $226,000. Hedge funds and other institutional investors own 84.11% of the company’s stock.

In other news, Director Philip M. Bilden acquired 2,200 shares of Huntington Ingalls Industries stock in a transaction that occurred on Friday, November 24th. The shares were purchased at an average cost of $234.11 per share, for a total transaction of $515,042.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP D R. Wyatt sold 800 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $240.33, for a total value of $192,264.00. Following the transaction, the vice president now owns 19,065 shares in the company, valued at $4,581,891.45. The disclosure for this sale can be found here. Corporate insiders own 2.22% of the company’s stock.

A number of equities analysts have weighed in on HII shares. Zacks Investment Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $266.00 price target for the company in a report on Thursday, January 11th. ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Cowen restated a “hold” rating and issued a $225.00 price target on shares of Huntington Ingalls Industries in a report on Friday, October 6th. Citigroup reiterated a “neutral” rating and set a $233.00 target price (up from $224.00) on shares of Huntington Ingalls Industries in a research note on Monday, October 9th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $241.00 target price (up from $211.00) on shares of Huntington Ingalls Industries in a research note on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $220.29.

Huntington Ingalls Industries Inc (HII) opened at $235.04 on Wednesday. The company has a market capitalization of $10,640.00, a P/E ratio of 17.70, a PEG ratio of 1.30 and a beta of 1.18. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.38 and a current ratio of 1.52. Huntington Ingalls Industries Inc has a one year low of $183.42 and a one year high of $253.44.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Wednesday, November 8th. The aerospace company reported $3.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.78 by $0.49. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Huntington Ingalls Industries had a return on equity of 33.37% and a net margin of 8.31%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.27 EPS. sell-side analysts anticipate that Huntington Ingalls Industries Inc will post 12.09 earnings per share for the current year.

Huntington Ingalls Industries declared that its Board of Directors has initiated a stock buyback program on Tuesday, November 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the aerospace company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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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.

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

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