First Trust Advisors LP Has $13.80 Million Stake in Huntington Ingalls Industries Inc (NYSE:HII)

First Trust Advisors LP lessened its position in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 42.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 66,602 shares of the aerospace company’s stock after selling 48,938 shares during the quarter. First Trust Advisors LP owned approximately 0.16% of Huntington Ingalls Industries worth $13,800,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Front Row Advisors LLC increased its position in shares of Huntington Ingalls Industries by 610.5% during the first quarter. Front Row Advisors LLC now owns 135 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 116 shares during the last quarter. CSat Investment Advisory L.P. increased its position in shares of Huntington Ingalls Industries by 89.9% during the fourth quarter. CSat Investment Advisory L.P. now owns 150 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 71 shares during the last quarter. Howe & Rusling Inc. increased its position in shares of Huntington Ingalls Industries by 433.3% during the first quarter. Howe & Rusling Inc. now owns 160 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 130 shares during the last quarter. Meridian Wealth Management LLC acquired a new stake in shares of Huntington Ingalls Industries during the first quarter valued at about $39,000. Finally, Dubuque Bank & Trust Co. increased its position in shares of Huntington Ingalls Industries by 56.4% during the first quarter. Dubuque Bank & Trust Co. now owns 208 shares of the aerospace company’s stock valued at $43,000 after acquiring an additional 75 shares during the last quarter. Institutional investors own 85.66% of the company’s stock.

NYSE HII traded up $0.15 on Friday, hitting $230.02. 155,500 shares of the stock were exchanged, compared to its average volume of 332,100. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.07. Huntington Ingalls Industries Inc has a fifty-two week low of $173.80 and a fifty-two week high of $262.32. The firm has a market cap of $9.61 billion, a P/E ratio of 12.09 and a beta of 1.19. The firm has a 50-day simple moving average of $221.94.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $2.85 EPS for the quarter, missing the consensus estimate of $3.27 by ($0.42). The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.95 billion. Huntington Ingalls Industries had a return on equity of 48.34% and a net margin of 9.52%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.48 EPS. Analysts forecast that Huntington Ingalls Industries Inc will post 14.59 EPS for the current fiscal year.

A number of brokerages recently weighed in on HII. Zacks Investment Research cut shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a report on Monday, May 6th. ValuEngine cut shares of Viewray from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $251.08.

In related news, VP Jerri F. Dickseski sold 542 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $225.00, for a total value of $121,950.00. Following the completion of the sale, the vice president now owns 35,907 shares in the company, valued at approximately $8,079,075. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Edgar A. Green III sold 500 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $205.66, for a total transaction of $102,830.00. Following the completion of the sale, the vice president now owns 10,137 shares of the company’s stock, valued at approximately $2,084,775.42. The disclosure for this sale can be found here. Insiders have sold a total of 5,279 shares of company stock valued at $1,149,674 in the last 90 days. Insiders own 2.65% of the company’s stock.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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

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