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HB Wealth Management LLC Purchases New Shares in Huntington Ingalls


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HB Wealth Management LLC purchased a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HIIFree Report) during the fourth quarter, Holdings Channel.com reports. The fund purchased 808 shares of the aerospace company’s stock, valued at approximately $210,000.

A number of other large investors also recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Huntington Ingalls Industries by 0.8% during the first quarter. BlackRock Inc. now owns 3,915,794 shares of the aerospace company’s stock valued at $810,648,000 after purchasing an additional 30,355 shares in the last quarter. State Street Corp raised its position in Huntington Ingalls Industries by 2.0% in the first quarter. State Street Corp now owns 2,958,318 shares of the aerospace company’s stock worth $612,431,000 after acquiring an additional 58,521 shares during the period. FMR LLC raised its position in Huntington Ingalls Industries by 0.5% in the third quarter. FMR LLC now owns 2,511,066 shares of the aerospace company’s stock worth $513,714,000 after acquiring an additional 12,322 shares during the period. Morgan Stanley raised its position in Huntington Ingalls Industries by 133.8% in the fourth quarter. Morgan Stanley now owns 1,285,139 shares of the aerospace company’s stock worth $296,456,000 after acquiring an additional 735,356 shares during the period. Finally, Geode Capital Management LLC raised its position in Huntington Ingalls Industries by 0.9% in the first quarter. Geode Capital Management LLC now owns 880,599 shares of the aerospace company’s stock worth $181,911,000 after acquiring an additional 7,798 shares during the period. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Price Performance

HII opened at $291.47 on Friday. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 2.73 and a beta of 0.60. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average price of $281.12 and a 200-day moving average price of $249.77. Huntington Ingalls Industries, Inc. has a twelve month low of $188.51 and a twelve month high of $299.50.

Huntington Ingalls Industries (NYSE:HIIGet Free Report) last posted its earnings results on Thursday, February 1st. The aerospace company reported $6.90 earnings per share for the quarter, topping the consensus estimate of $4.27 by $2.63. The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $2.78 billion. Huntington Ingalls Industries had a net margin of 5.95% and a return on equity of 18.12%. The company’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the company earned $3.07 earnings per share. Equities analysts expect that Huntington Ingalls…



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