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Huntington Ingalls Industries, Inc. $HII Shares Bought by M&T Bank Corp
M&T Bank Corp significantly increased its stake in Huntington Ingalls Industries (HII) during the fourth quarter, acquiring an additional 26,940 shares, bringing its total to 40,031 shares valued at $13.613 million. This comes as HII exceeded Q4 earnings and revenue expectations, reporting EPS of $4.04 and revenue of $3.48 billion, an increase of 15.7% year-over-year. The company maintains a “Moderate Buy” consensus rating from analysts with an average price target of $383.22, despite recent insider share sales.