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Patriot Financial Group Insurance Agency LLC Reduces Stake in Huntington



Patriot Financial Group Insurance Agency LLC cut its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HIIFree Report) by 5.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,410 shares of the aerospace company’s stock after selling 82 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Huntington Ingalls Industries were worth $366,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in shares of Huntington Ingalls Industries in the third quarter worth about $25,000. Almanack Investment Partners LLC. purchased a new stake in Huntington Ingalls Industries in the 3rd quarter worth approximately $42,000. Headlands Technologies LLC grew its stake in shares of Huntington Ingalls Industries by 30.1% during the 3rd quarter. Headlands Technologies LLC now owns 225 shares of the aerospace company’s stock worth $46,000 after purchasing an additional 52 shares during the period. Bruce G. Allen Investments LLC purchased a new position in shares of Huntington Ingalls Industries during the 4th quarter valued at approximately $48,000. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Huntington Ingalls Industries by 33.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 238 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 60 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on HII shares. Barclays raised their price target on shares of 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. StockNews.com raised Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, December 15th. Finally, JPMorgan Chase & Co. raised their price objective on Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a report on Thursday, March 21st.

Read Our Latest Stock Report on HII

Huntington Ingalls Industries Stock Up 0.6 %

Shares of NYSE HII opened at $291.47 on Monday. The firm has a market cap of $11.55 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 2.75 and a beta of 0.60. The company’s 50-day simple moving average is $281.12 and its 200-day simple moving average is $250.33. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 0.54. Huntington Ingalls Industries, Inc. has a 52-week low of $188.51 and a 52-week high of $299.50.

Huntington Ingalls Industries (NYSE:HII

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