Parisi Gray Wealth Management Makes New Investment in Huntington Ingalls Industries, Inc. (NYSE:HII)

Parisi Gray Wealth Management bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 365 shares of the aerospace company’s stock, valued at approximately $77,000.

Other hedge funds have also modified their holdings of the company. Acadian Asset Management LLC grew its stake in Huntington Ingalls Industries by 1,209.5% in the first quarter. Acadian Asset Management LLC now owns 5,356 shares of the aerospace company’s stock valued at $1,103,000 after acquiring an additional 4,947 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its stake in Huntington Ingalls Industries by 11.0% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 62,410 shares of the aerospace company’s stock valued at $11,575,000 after acquiring an additional 6,194 shares during the period. Sei Investments Co. grew its stake in Huntington Ingalls Industries by 25.9% in the first quarter. Sei Investments Co. now owns 8,746 shares of the aerospace company’s stock valued at $1,631,000 after acquiring an additional 1,797 shares during the period. Panagora Asset Management Inc. grew its stake in Huntington Ingalls Industries by 42.4% in the first quarter. Panagora Asset Management Inc. now owns 2,084 shares of the aerospace company’s stock valued at $429,000 after acquiring an additional 621 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Huntington Ingalls Industries by 47.7% in the first quarter. JPMorgan Chase & Co. now owns 133,429 shares of the aerospace company’s stock valued at $27,465,000 after acquiring an additional 43,112 shares during the period. Institutional investors and hedge funds own 85.72% of the company’s stock.

Shares of Huntington Ingalls Industries stock opened at $207.97 on Thursday. The stock has a market capitalization of $8.35 billion, a PE ratio of 11.25 and a beta of 1.01. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.09. Huntington Ingalls Industries, Inc. has a 52 week low of $138.80 and a 52 week high of $224.13. The stock has a 50 day moving average price of $201.35 and a two-hundred day moving average price of $207.22.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, August 5th. The aerospace company reported $3.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.71. The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Huntington Ingalls Industries had a return on equity of 34.50% and a net margin of 7.81%. Huntington Ingalls Industries’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.30 earnings per share. Research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.44 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Friday, August 27th were given a dividend of $1.14 per share. The ex-dividend date was Thursday, August 26th. This represents a $4.56 annualized dividend and a dividend yield of 2.19%. Huntington Ingalls Industries’s payout ratio is 45.60%.

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 999 shares of the business’s stock in a transaction on Tuesday, September 7th. The stock was sold at an average price of $200.49, for a total value of $200,289.51. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Jerri F. Dickseski sold 125 shares of the business’s stock in a transaction on Thursday, July 29th. The stock was sold at an average price of $208.00, for a total value of $26,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,249 shares of company stock worth $252,290. 2.54% of the stock is owned by insiders.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc engages in the shipbuilding business. It operates through the following business segments: Ingalls, Newport News, and Technical Solutions. The Ingalls segment develops and constructs non-nuclear ships, assault ships, and surface combatants. The Newport News segment designs, builds, and maintains nuclear-powered ships which include aircraft carriers and submarines.

Further Reading: How Does the Quiet Period Work?

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

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