Simplex Trading adds Huntington Ingalls Industries Inc (HII) to its portfolio

Huntington Ingalls Industries Inc (HII) : Simplex Trading added new position in Huntington Ingalls Industries Inc during the most recent quarter end. The investment management firm now holds 1,926 shares of Huntington Ingalls Industries Inc which is valued at $299,069 , the company said in a statement filed on Oct 7, 2016 with the SEC.Huntington Ingalls Industries Inc makes up approximately 0.04% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in HII in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 104 shares of Huntington Ingalls Industries Inc which is valued at $16,149.Bnp Paribas Arbitrage Sa reduced its stake in HII by selling 3,044 shares or 10.6% in the most recent quarter. The Hedge Fund company now holds 25,668 shares of HII which is valued at $3,968,786. Huntington Ingalls Industries Inc makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio. Eqis Capital Management sold out all of its stake in HII during the most recent quarter. The investment firm sold 1,721 shares of HII which is valued $266,101.Washington Trust Bank boosted its stake in HII in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 11 shares of Huntington Ingalls Industries Inc which is valued at $1,701.

Huntington Ingalls Industries Inc closed down -0.78 points or -0.50% at $155.28 with 3,73,318 shares getting traded on Friday. Post opening the session at $155.8, the shares hit an intraday low of $153.94 and an intraday high of $155.83 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Huntington Ingalls Industries Inc reported $2.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $2.30. The company had revenue of $1700.00 million for the quarter, compared to analysts expectations of $1732.43 million. The company’s revenue was down -2.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.99 EPS.

Many Wall Street Analysts have commented on Huntington Ingalls Industries Inc. Huntington Ingalls Industries Inc was Downgraded by Wells Fargo to ” Market Perform” on Aug 5, 2016.

Huntington Ingalls Industries Inc. (HII) designs builds overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Company is the designer builder and refueler of nuclear powered aircraft carriers the builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters for the United States Coast Guard. The Company designs and builds nuclear-powered submarines for the United States Navy and builds the Navy’s fleet of DDG51 Arleigh Burke-class destroyers. The Company operates its shipbuilding business through Huntington Ingalls Incorporated subsidiary which is organized into two segments: Ingalls Shipbuilding (Ingalls) which includes non-nuclear ship design construction repair and maintenance businesses and Newport News Shipbuilding (Newport News) which includes the nuclear ship design construction overhaul refueling and repair and maintenance businesses.

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