Psagot Investment House Ltd. Buys New Position in Huntington Ingalls Industries Inc (HII)

Psagot Investment House Ltd. bought a new position in shares of Huntington Ingalls Industries Inc (NYSE:HII) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 28,870 shares of the aerospace company’s stock, valued at approximately $7,393,000. Psagot Investment House Ltd. owned approximately 0.07% of Huntington Ingalls Industries at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of HII. First Command Bank acquired a new position in shares of Huntington Ingalls Industries during the second quarter worth $101,000. First Command Financial Services Inc. acquired a new position in shares of Huntington Ingalls Industries during the second quarter worth $101,000. Piedmont Investment Advisors LLC acquired a new position in shares of Huntington Ingalls Industries during the second quarter worth $110,000. Ayalon Holdings Ltd. acquired a new position in shares of Huntington Ingalls Industries during the third quarter worth $110,000. Finally, Welch Group LLC acquired a new position in shares of Huntington Ingalls Industries during the third quarter worth $110,000. Hedge funds and other institutional investors own 85.56% of the company’s stock.

In other news, VP Jerri F. Dickseski sold 271 shares of the stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $257.84, for a total transaction of $69,874.64. Following the completion of the sale, the vice president now owns 34,750 shares in the company, valued at $8,959,940. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.32% of the stock is currently owned by corporate insiders.

A number of equities analysts recently commented on HII shares. ValuEngine upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research note on Monday, October 22nd. Cowen reiterated a “buy” rating and set a $260.00 target price (up previously from $250.00) on shares of Huntington Ingalls Industries in a research note on Friday, August 10th. Seaport Global Securities started coverage on shares of Huntington Ingalls Industries in a research note on Thursday, August 23rd. They set a “neutral” rating and a $260.00 target price for the company. UBS Group initiated coverage on shares of Huntington Ingalls Industries in a research note on Wednesday, August 15th. They set a “buy” rating and a $290.00 target price for the company. Finally, Zacks Investment Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, October 15th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Huntington Ingalls Industries currently has a consensus rating of “Hold” and a consensus target price of $265.33.

NYSE HII traded up $0.03 during trading hours on Wednesday, hitting $228.03. The company had a trading volume of 698 shares, compared to its average volume of 419,116. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.43 and a quick ratio of 1.31. Huntington Ingalls Industries Inc has a 1-year low of $201.91 and a 1-year high of $276.69. The company has a market capitalization of $9.55 billion, a PE ratio of 18.85, a P/E/G ratio of 0.85 and a beta of 1.13.

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Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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

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