Brave Asset Management Inc. Continues to Hold Stake in Huntington Ingalls Industries Inc (HII)

Brave Asset Management Inc. maintained its stake in Huntington Ingalls Industries Inc (NYSE:HII) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,666 shares of the aerospace company’s stock at the end of the first quarter. Brave Asset Management Inc.’s holdings in Huntington Ingalls Industries were worth $334,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Huntington National Bank increased its position in shares of Huntington Ingalls Industries by 112.9% in the first quarter. Huntington National Bank now owns 511 shares of the aerospace company’s stock valued at $102,000 after buying an additional 271 shares in the last quarter. Israel Discount Bank of New York GFN purchased a new position in shares of Huntington Ingalls Industries during the fourth quarter valued at about $106,000. Van ECK Associates Corp bought a new position in shares of Huntington Ingalls Industries during the fourth quarter worth $117,000. Fuller & Thaler Asset Management Inc. increased its position in shares of Huntington Ingalls Industries by 33.3% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 800 shares of the aerospace company’s stock worth $123,000 after buying an additional 200 shares during the period. Finally, Old Mutual Global Investors UK Ltd. bought a new position in shares of Huntington Ingalls Industries during the third quarter worth $132,000. Hedge funds and other institutional investors own 88.59% of the company’s stock.

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

Huntington Ingalls Industries Inc (NYSE:HII) traded up 2.71% during trading on Friday, reaching $195.49. 425,810 shares of the company’s stock traded hands. The company has a 50-day moving average price of $199.36 and a 200 day moving average price of $193.74. The firm has a market capitalization of $9.00 billion, a PE ratio of 16.52 and a beta of 1.11. Huntington Ingalls Industries Inc has a one year low of $146.52 and a one year high of $220.68.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, May 4th. The aerospace company reported $2.56 EPS for the quarter, missing the consensus estimate of $2.72 by $0.16. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Huntington Ingalls Industries had a net margin of 6.04% and a return on equity of 29.26%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.38 EPS. On average, analysts anticipate that Huntington Ingalls Industries Inc will post $11.15 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 26th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Wednesday, May 24th. Huntington Ingalls Industries’s dividend payout ratio is currently 26.67%.

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A number of research analysts recently weighed in on HII shares. Citigroup Inc downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “neutral” rating and set a $220.00 price objective on the stock. in a research report on Wednesday, March 1st. Barclays PLC restated a “sell” rating and set a $179.00 price objective on shares of Huntington Ingalls Industries in a research report on Friday, January 20th. Stifel Nicolaus upped their target price on shares of Huntington Ingalls Industries from $135.00 to $150.00 and gave the company a “sell” rating in a report on Friday, February 17th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $203.00 target price on shares of Huntington Ingalls Industries in a report on Monday, February 20th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $210.00 target price on shares of Huntington Ingalls Industries in a report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $196.71.

In related news, VP Michael Stephen Smith sold 142 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $200.00, for a total transaction of $28,400.00. Following the transaction, the vice president now directly owns 2,272 shares of the company’s stock, valued at approximately $454,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP D R. Wyatt sold 500 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $217.93, for a total value of $108,965.00. Following the transaction, the vice president now directly owns 21,590 shares in the company, valued at $4,705,108.70. The disclosure for this sale can be found here. Insiders sold a total of 26,675 shares of company stock worth $5,387,544 over the last ninety days. Corporate insiders own 2.76% of the company’s stock.

Huntington Ingalls Industries Company 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.

5 Day Chart for NYSE:HII

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