Sumitomo Mitsui DS Asset Management Company Ltd Grows Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,660 shares of the aerospace company’s stock after buying an additional 70 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Huntington Ingalls Industries were worth $968,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its holdings in Huntington Ingalls Industries by 16.1% in the second quarter. Van ECK Associates Corp now owns 914,410 shares of the aerospace company’s stock valued at $225,247,000 after purchasing an additional 126,654 shares during the last quarter. AQR Capital Management LLC raised 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 valued at $180,458,000 after purchasing an additional 215,362 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of Huntington Ingalls Industries by 1.9% during the 2nd quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company’s stock valued at $157,326,000 after buying an additional 11,693 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Huntington Ingalls Industries by 8.5% during the second quarter. Bank of New York Mellon Corp now owns 521,426 shares of the aerospace company’s stock worth $128,443,000 after buying an additional 40,942 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Huntington Ingalls Industries by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 502,442 shares of the aerospace company’s stock worth $123,771,000 after buying an additional 13,439 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Vertical Research lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective for the company. in a report on Thursday, October 10th. JPMorgan Chase & Co. downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. Finally, Wolfe Research cut Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average target price of $290.00.

Huntington Ingalls Industries Trading Down 1.6 %

NYSE HII opened at $257.11 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 0.82. Huntington Ingalls Industries, Inc. has a one year low of $212.58 and a one year high of $299.50. The company has a 50-day simple moving average of $266.18 and a 200-day simple moving average of $261.16. The firm has a market capitalization of $10.14 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 2.25 and a beta of 0.52.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, August 1st. The aerospace company reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $3.61 by $0.77. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.84 billion. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. Huntington Ingalls Industries’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.27 earnings per share. On average, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 16.56 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio is presently 29.31%.

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.