Bank of New York Mellon Corp Has $128.44 Million Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Bank of New York Mellon Corp grew its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 8.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 521,426 shares of the aerospace company’s stock after acquiring an additional 40,942 shares during the period. Bank of New York Mellon Corp’s holdings in Huntington Ingalls Industries were worth $128,443,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Capital World Investors raised its stake in shares of Huntington Ingalls Industries by 0.7% in the 4th quarter. Capital World Investors now owns 2,312,383 shares of the aerospace company’s stock valued at $600,387,000 after buying an additional 15,798 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Huntington Ingalls Industries by 15.1% during the 1st quarter. Van ECK Associates Corp now owns 787,756 shares of the aerospace company’s stock worth $229,607,000 after purchasing an additional 103,521 shares in the last quarter. Earnest Partners LLC increased its position in shares of Huntington Ingalls Industries by 4.0% during the 1st quarter. Earnest Partners LLC now owns 626,987 shares of the aerospace company’s stock worth $182,748,000 after purchasing an additional 24,368 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Huntington Ingalls Industries by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 478,560 shares of the aerospace company’s stock worth $124,251,000 after purchasing an additional 9,560 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Huntington Ingalls Industries by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 368,532 shares of the aerospace company’s stock worth $95,686,000 after purchasing an additional 9,760 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Citigroup assumed coverage on shares of Huntington Ingalls Industries in a research report on Monday, May 20th. They set a “buy” rating and a $310.00 target price for the company. StockNews.com cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $278.00.

Huntington Ingalls Industries Trading Up 0.8 %

Shares of NYSE HII opened at $276.84 on Tuesday. Huntington Ingalls Industries, Inc. has a 1-year low of $199.11 and a 1-year high of $299.50. The company has a market cap of $10.92 billion, a PE ratio of 15.61, a P/E/G ratio of 2.28 and a beta of 0.53. The company has a current ratio of 0.82, a quick ratio of 0.89 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average of $259.82 and a two-hundred day moving average of $267.75.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results 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. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the previous year, the firm posted $3.27 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. As a group, equities analysts expect that Huntington Ingalls Industries, Inc. will post 16.32 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio is presently 29.31%.

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.