M&T Bank Corp Boosts Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

M&T Bank Corp grew its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 30.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,143 shares of the aerospace company’s stock after buying an additional 2,147 shares during the quarter. M&T Bank Corp’s holdings in Huntington Ingalls Industries were worth $2,374,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in HII. Los Angeles Capital Management LLC acquired a new position in Huntington Ingalls Industries during the 4th quarter worth approximately $4,217,000. First Horizon Advisors Inc. grew its stake in shares of Huntington Ingalls Industries by 2.6% during the fourth quarter. First Horizon Advisors Inc. now owns 9,302 shares of the aerospace company’s stock worth $2,415,000 after purchasing an additional 240 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC increased its holdings in Huntington Ingalls Industries by 11.4% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 1,297 shares of the aerospace company’s stock valued at $337,000 after buying an additional 133 shares during the last quarter. Concord Wealth Partners raised its stake in Huntington Ingalls Industries by 1,435.0% in the fourth quarter. Concord Wealth Partners now owns 307 shares of the aerospace company’s stock valued at $80,000 after buying an additional 287 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Huntington Ingalls Industries by 276.5% during the 4th quarter. Victory Capital Management Inc. now owns 7,120 shares of the aerospace company’s stock worth $1,849,000 after buying an additional 5,229 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Down 0.7 %

HII stock opened at $246.92 on Thursday. The company has a market cap of $9.74 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 2.32 and a beta of 0.60. The company has a fifty day moving average price of $280.71 and a 200 day moving average price of $262.09. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.89. Huntington Ingalls Industries, Inc. has a 12 month low of $193.38 and a 12 month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, May 2nd. The aerospace company reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $3.50 by $0.37. Huntington Ingalls Industries had a net margin of 6.09% and a return on equity of 18.08%. The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the prior year, the company earned $3.23 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. Sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Friday, May 31st. Huntington Ingalls Industries’s dividend payout ratio is presently 29.31%.

Analyst Ratings Changes

A number of research firms have weighed in on HII. StockNews.com cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. lifted their target price on Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Finally, Barclays upped their target price on Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th.

Insiders Place Their Bets

In other news, CAO Nicolas G. Schuck sold 1,293 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $291.28, for a total value of $376,625.04. Following the completion of the sale, the chief accounting officer now directly owns 2,250 shares of the company’s stock, valued at approximately $655,380. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 1,293 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $291.28, for a total transaction of $376,625.04. Following the transaction, the chief accounting officer now directly owns 2,250 shares in the company, valued at $655,380. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jennifer R. Boykin sold 2,176 shares of Huntington Ingalls Industries stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $272.31, for a total transaction of $592,546.56. Following the sale, the vice president now owns 6,877 shares of the company’s stock, valued at $1,872,675.87. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,572 shares of company stock worth $2,161,024. Company insiders own 0.72% of the company’s stock.

About Huntington Ingalls Industries

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.