Huntington Ingalls Industries, Inc. (NYSE:HII) Stock Position Raised by 1832 Asset Management L.P.

1832 Asset Management L.P. boosted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 17.8% during the second quarter, HoldingsChannel.com reports. The fund owned 5,360 shares of the aerospace company’s stock after acquiring an additional 811 shares during the period. 1832 Asset Management L.P.’s holdings in Huntington Ingalls Industries were worth $1,320,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital World Investors grew its position in shares of Huntington Ingalls Industries by 0.7% during the fourth quarter. Capital World Investors now owns 2,312,383 shares of the aerospace company’s stock worth $600,387,000 after acquiring an additional 15,798 shares during the last quarter. Van ECK Associates Corp grew its position in Huntington Ingalls Industries by 16.1% in the 2nd quarter. Van ECK Associates Corp now owns 914,410 shares of the aerospace company’s stock worth $225,247,000 after purchasing an additional 126,654 shares during the last quarter. Earnest Partners LLC increased its stake in shares of Huntington Ingalls Industries by 4.0% in the first quarter. Earnest Partners LLC now owns 626,987 shares of the aerospace company’s stock valued at $182,748,000 after purchasing an additional 24,368 shares during the period. Bank of New York Mellon Corp raised its holdings 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 valued at $128,443,000 after buying an additional 40,942 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Huntington Ingalls Industries by 2.7% during 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 period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Up 1.3 %

Huntington Ingalls Industries stock opened at $260.36 on Friday. Huntington Ingalls Industries, Inc. has a 52 week low of $199.11 and a 52 week high of $299.50. The stock has a market cap of $10.27 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 2.33 and a beta of 0.52. The company’s 50-day moving average price is $268.29 and its two-hundred day moving average price is $265.07. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.77. The company had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $3.27 EPS. On average, analysts expect that Huntington Ingalls Industries, Inc. will post 16.57 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Friday, August 30th. Huntington Ingalls Industries’s payout ratio is 29.31%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their target price for the company from $280.00 to $285.00 in a research report on Monday, September 9th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $275.50.

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.