NorthCrest Asset Manangement LLC Purchases Shares of 1,265 Huntington Ingalls Industries, Inc. $HII

NorthCrest Asset Manangement LLC acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the third quarter, HoldingsChannel reports. The institutional investor acquired 1,265 shares of the aerospace company’s stock, valued at approximately $361,000.

Other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC increased its stake in Huntington Ingalls Industries by 1.6% in the second quarter. Geode Capital Management LLC now owns 1,047,205 shares of the aerospace company’s stock valued at $252,403,000 after acquiring an additional 16,236 shares during the period. Bank of America Corp DE boosted its holdings in Huntington Ingalls Industries by 4.0% during the second quarter. Bank of America Corp DE now owns 666,440 shares of the aerospace company’s stock valued at $160,919,000 after purchasing an additional 25,737 shares in the last quarter. Sei Investments Co. grew its stake in shares of Huntington Ingalls Industries by 4.2% in the 2nd quarter. Sei Investments Co. now owns 465,250 shares of the aerospace company’s stock valued at $112,337,000 after purchasing an additional 18,777 shares during the period. Maverick Capital Ltd. acquired a new position in shares of Huntington Ingalls Industries in the 2nd quarter worth approximately $93,332,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Huntington Ingalls Industries by 1.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 383,033 shares of the aerospace company’s stock worth $92,487,000 after buying an additional 6,670 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Up 0.2%

Shares of NYSE HII opened at $423.70 on Friday. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $432.00. The firm’s 50-day simple moving average is $346.23 and its 200 day simple moving average is $301.45. The company has a quick ratio of 1.06, a current ratio of 1.14 and a debt-to-equity ratio of 0.54. The company has a market cap of $16.63 billion, a price-to-earnings ratio of 29.26, a price-to-earnings-growth ratio of 1.71 and a beta of 0.36.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, October 30th. The aerospace company reported $3.68 earnings per share for the quarter, beating the consensus estimate of $3.29 by $0.39. Huntington Ingalls Industries had a net margin of 4.74% and a return on equity of 11.79%. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter last year, the company posted $2.56 EPS. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. On average, research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Sanford C. Bernstein reiterated a “market perform” rating and issued a $362.00 price target on shares of Huntington Ingalls Industries in a research report on Friday, November 7th. Citigroup boosted their target price on shares of Huntington Ingalls Industries from $376.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 18th. Finally, TD Cowen upped their price objective on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Huntington Ingalls Industries has an average rating of “Hold” and a consensus target price of $343.63.

Insider Activity at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 850 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $315.44, for a total value of $268,124.00. Following the completion of the transaction, the vice president owned 8,731 shares in the company, valued at $2,754,106.64. The trade was a 8.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Nicolas G. Schuck sold 466 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $314.36, for a total value of $146,491.76. Following the transaction, the chief accounting officer directly owned 2,418 shares in the company, valued at approximately $760,122.48. This represents a 16.16% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 17,103 shares of company stock worth $5,477,768. 0.72% of the stock is currently owned by company insiders.

About Huntington Ingalls Industries

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.