Mutual of America Capital Management LLC Has $1.28 Million Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Mutual of America Capital Management LLC cut its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,824 shares of the aerospace company’s stock after selling 144 shares during the period. Mutual of America Capital Management LLC’s holdings in Huntington Ingalls Industries were worth $1,275,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HII. Van ECK Associates Corp increased its position in Huntington Ingalls Industries by 94.5% during the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock worth $455,222,000 after buying an additional 863,800 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Huntington Ingalls Industries by 41.6% during the 2nd quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock worth $180,458,000 after acquiring an additional 215,362 shares during the period. Diamond Hill Capital Management Inc. bought a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth approximately $47,698,000. 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 period. Finally, Sound Shore Management Inc. CT increased its holdings in shares of Huntington Ingalls Industries by 50.7% during the 2nd quarter. Sound Shore Management Inc. CT now owns 345,489 shares of the aerospace company’s stock worth $85,104,000 after acquiring an additional 116,180 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the transaction, the vice president now directly owns 19,627 shares in the company, valued at $4,028,245.48. The trade was a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $198.91 on Tuesday. The firm has a 50-day moving average price of $237.02 and a two-hundred day moving average price of $251.22. Huntington Ingalls Industries, Inc. has a 12-month low of $184.29 and a 12-month high of $299.50. The company has a market capitalization of $7.78 billion, a P/E ratio of 11.23, a P/E/G ratio of 1.85 and a beta of 0.55. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.70 EPS. Analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.63 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s payout ratio is 30.49%.

Analyst Ratings Changes

Several equities research analysts have issued reports on HII shares. Deutsche Bank Aktiengesellschaft cut their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a report on Friday, November 1st. Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. StockNews.com lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. The Goldman Sachs Group cut their price objective on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research report on Friday, November 1st. Finally, Vertical Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price on the stock. in a research report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $228.89.

About Huntington Ingalls Industries

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.