MBB Public Markets I LLC Buys New Shares in Huntington Ingalls Industries, Inc. (NYSE:HII)

MBB Public Markets I LLC acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,363 shares of the aerospace company’s stock, valued at approximately $582,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. AQR Capital Management LLC grew its position in shares of Huntington Ingalls Industries by 41.6% in the 2nd quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock worth $180,458,000 after buying an additional 215,362 shares during the period. American Century Companies Inc. boosted its stake in shares of Huntington Ingalls Industries by 42.1% during the 2nd quarter. American Century Companies Inc. now owns 473,778 shares of the aerospace company’s stock worth $116,706,000 after acquiring an additional 140,338 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Huntington Ingalls Industries by 16.1% during the 2nd quarter. Van ECK Associates Corp now owns 914,410 shares of the aerospace company’s stock valued at $225,247,000 after acquiring an additional 126,654 shares during the period. Sound Shore Management Inc. CT increased its position in Huntington Ingalls Industries by 50.7% in the second quarter. Sound Shore Management Inc. CT now owns 345,489 shares of the aerospace company’s stock worth $85,104,000 after buying an additional 116,180 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in Huntington Ingalls Industries by 50.9% during the second quarter. Hsbc Holdings PLC now owns 289,434 shares of the aerospace company’s stock valued at $71,418,000 after purchasing an additional 97,646 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Up 0.1 %

Shares of Huntington Ingalls Industries stock opened at $264.71 on Wednesday. Huntington Ingalls Industries, Inc. has a 12-month low of $199.11 and a 12-month high of $299.50. The firm has a market capitalization of $10.44 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 2.33 and a beta of 0.52. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41. The firm’s 50 day simple moving average is $268.21 and its two-hundred day simple moving average is $264.21.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.77. The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.84 billion. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.27 earnings per share. Analysts predict that Huntington Ingalls Industries, Inc. will post 16.57 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.31%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $280.00 to $285.00 in a research note on Monday, September 9th.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.