Private Advisor Group LLC Purchases 495 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Private Advisor Group LLC raised its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 8.0% in the third quarter, Holdings Channel reports. The firm owned 6,705 shares of the aerospace company’s stock after acquiring an additional 495 shares during the quarter. Private Advisor Group LLC’s holdings in Huntington Ingalls Industries were worth $1,773,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC grew its stake in shares of Huntington Ingalls Industries by 142.8% in the third quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock worth $1,388,000 after acquiring an additional 3,088 shares during the period. SteelPeak Wealth LLC purchased a new position in shares of Huntington Ingalls Industries in the second quarter worth approximately $1,769,000. SG Americas Securities LLC boosted its holdings in shares of Huntington Ingalls Industries by 950.1% in the first quarter. SG Americas Securities LLC now owns 38,454 shares of the aerospace company’s stock worth $11,208,000 after buying an additional 34,792 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Huntington Ingalls Industries by 30.5% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 49,805 shares of the aerospace company’s stock valued at $14,517,000 after purchasing an additional 11,647 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Huntington Ingalls Industries during the first quarter valued at approximately $1,821,000. 90.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $280.00 to $285.00 in a report on Monday, September 9th. Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Vertical Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target on the stock. in a report on Thursday, October 10th. Finally, StockNews.com downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $290.00.

Huntington Ingalls Industries Trading Down 1.3 %

Huntington Ingalls Industries stock opened at $250.49 on Thursday. The stock has a market cap of $9.88 billion, a P/E ratio of 14.12, a PEG ratio of 2.25 and a beta of 0.52. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.82 and a quick ratio of 0.76. Huntington Ingalls Industries, Inc. has a 1 year low of $217.29 and a 1 year high of $299.50. The firm’s 50 day moving average price is $264.06 and its 200-day moving average price is $260.08.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.77. The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.27 earnings per share. On average, equities analysts predict that Huntington Ingalls Industries, Inc. will post 16.49 earnings per share for the current fiscal year.

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.