Citigroup Inc. Buys 2,847 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Citigroup Inc. increased its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 82,752 shares of the aerospace company’s stock after acquiring an additional 2,847 shares during the quarter. Citigroup Inc.’s holdings in Huntington Ingalls Industries were worth $21,878,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. CWM LLC grew its position in shares of Huntington Ingalls Industries by 142.8% during the third quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock valued at $1,388,000 after purchasing an additional 3,088 shares in the last quarter. SteelPeak Wealth LLC bought a new stake in Huntington Ingalls Industries in the 2nd quarter worth approximately $1,769,000. Old North State Wealth Management LLC raised its holdings in shares of Huntington Ingalls Industries by 60.6% during the 3rd quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company’s stock worth $3,122,000 after acquiring an additional 4,450 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new position in shares of Huntington Ingalls Industries during the 3rd quarter valued at approximately $47,698,000. Finally, Virtu Financial LLC purchased a new position in shares of Huntington Ingalls Industries in the first quarter valued at $1,821,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HII has been the subject of several research reports. Bank of America lowered their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research report on Wednesday, November 13th. StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Vertical Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective for the company. in a research note on Thursday, October 10th. Wolfe Research cut Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Finally, TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $228.89.

Huntington Ingalls Industries Stock Down 0.5 %

NYSE:HII opened at $197.98 on Wednesday. The company has a market cap of $7.75 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 1.85 and a beta of 0.55. Huntington Ingalls Industries, Inc. has a twelve month low of $184.29 and a twelve month high of $299.50. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. The stock has a fifty day simple moving average of $237.02 and a 200-day simple moving average of $251.22.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.84 by ($1.28). The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. Huntington Ingalls Industries’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period last year, the firm earned $3.70 earnings per share. Analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.63 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $1.35 per share. The ex-dividend date is Friday, November 29th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 2.73%. Huntington Ingalls Industries’s payout ratio is 30.49%.

Insiders Place Their Bets

In other news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the transaction, the vice president now directly owns 19,627 shares in the company, valued at approximately $4,028,245.48. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Company 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.