1,849 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Acquired by William B. Walkup & Associates Inc.

William B. Walkup & Associates Inc. acquired a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,849 shares of the aerospace company’s stock, valued at approximately $455,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Capital World Investors boosted its holdings in 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 worth $600,387,000 after buying an additional 15,798 shares during the period. Van ECK Associates Corp boosted its holdings 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 buying an additional 126,654 shares during the period. AQR Capital Management LLC boosted its holdings in 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 worth $180,458,000 after buying an additional 215,362 shares during the period. Earnest Partners LLC boosted its holdings in Huntington Ingalls Industries by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company’s stock worth $157,326,000 after buying an additional 11,693 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Huntington Ingalls Industries by 8.5% in the 2nd 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 during the period. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $263.07 on Monday. The firm’s fifty day moving average price is $268.28 and its 200-day moving average price is $264.54. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 0.82. The stock has a market cap of $10.37 billion, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 2.33 and a beta of 0.52. Huntington Ingalls Industries, Inc. has a fifty-two week low of $199.11 and a fifty-two week high of $299.50.

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

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio is currently 29.31%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $280.00 to $285.00 in a research note on Monday, September 9th.

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.