Victory Capital Management Inc. Has $7.19 Million Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Victory Capital Management Inc. lifted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 99.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 29,187 shares of the aerospace company’s stock after purchasing an additional 14,525 shares during the quarter. Victory Capital Management Inc. owned about 0.07% of Huntington Ingalls Industries worth $7,190,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Principal Securities Inc. acquired a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth $76,000. Dimensional Fund Advisors LP lifted its holdings in shares of Huntington Ingalls Industries by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 478,560 shares of the aerospace company’s stock valued at $124,251,000 after purchasing an additional 9,560 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Huntington Ingalls Industries by 56.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,860 shares of the aerospace company’s stock worth $483,000 after buying an additional 672 shares during the period. Avantax Advisory Services Inc. bought a new position in shares of Huntington Ingalls Industries during the fourth quarter worth about $317,000. Finally, Vanguard Personalized Indexing Management LLC raised its position in Huntington Ingalls Industries by 4.9% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,621 shares of the aerospace company’s stock valued at $681,000 after buying an additional 123 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Price Performance

NYSE:HII opened at $261.55 on Monday. 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 has a fifty day simple moving average of $266.56 and a 200 day simple moving average of $266.51. Huntington Ingalls Industries, Inc. has a 1-year low of $199.11 and a 1-year high of $299.50. The stock has a market capitalization of $10.26 billion, a PE ratio of 14.74, a P/E/G ratio of 2.24 and a beta of 0.52.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.84 billion. During the same period in the previous year, the business earned $3.27 EPS. Huntington Ingalls Industries’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, research analysts expect that Huntington Ingalls Industries, Inc. will post 16.57 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $1.30 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.99%. Huntington Ingalls Industries’s payout ratio is 29.31%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Citigroup initiated coverage on shares of Huntington Ingalls Industries in a report on Monday, May 20th. They issued a “buy” rating and a $310.00 price objective on the stock. JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $275.50.

Huntington Ingalls Industries Company 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.