Susquehanna Fundamental Investments LLC Boosts Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Susquehanna Fundamental Investments LLC raised its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 40.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,449 shares of the aerospace company’s stock after buying an additional 6,503 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Huntington Ingalls Industries were worth $5,530,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HII. Gulf International Bank UK Ltd lifted its stake in Huntington Ingalls Industries by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 3,284 shares of the aerospace company’s stock valued at $957,000 after buying an additional 42 shares during the last quarter. Ballentine Partners LLC raised its position in Huntington Ingalls Industries by 1.6% during the second quarter. Ballentine Partners LLC now owns 2,625 shares of the aerospace company’s stock valued at $647,000 after acquiring an additional 42 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Huntington Ingalls Industries by 16.4% in the 2nd quarter. GAMMA Investing LLC now owns 320 shares of the aerospace company’s stock valued at $79,000 after purchasing an additional 45 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Huntington Ingalls Industries by 5.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 871 shares of the aerospace company’s stock worth $226,000 after buying an additional 47 shares during the last quarter. Finally, Hilltop National Bank lifted its holdings in Huntington Ingalls Industries by 15.1% in the 2nd quarter. Hilltop National Bank now owns 359 shares of the aerospace company’s stock worth $88,000 after purchasing an additional 47 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Huntington Ingalls Industries Stock Up 1.0 %

HII stock opened at $263.07 on Monday. Huntington Ingalls Industries, Inc. has a twelve month low of $199.11 and a twelve month high of $299.50. The company has a market cap of $10.37 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 2.33 and a beta of 0.52. The business’s 50-day simple moving average is $268.28 and its 200 day simple moving average is $264.54. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results 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. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The business 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. The firm’s revenue was up 6.8% on a year-over-year basis. On average, research analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.57 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $1.30 dividend. 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 payout ratio is 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.