Dana Investment Advisors Inc. Buys 653 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Dana Investment Advisors Inc. grew its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,813 shares of the aerospace company’s stock after acquiring an additional 653 shares during the period. Dana Investment Advisors Inc.’s holdings in Huntington Ingalls Industries were worth $9,314,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of HII. Cetera Investment Advisers increased its holdings in Huntington Ingalls Industries by 34.7% during the 2nd quarter. Cetera Investment Advisers now owns 16,687 shares of the aerospace company’s stock worth $4,111,000 after purchasing an additional 4,295 shares during the period. Truist Financial Corp grew its position in shares of Huntington Ingalls Industries by 1.7% during the 2nd quarter. Truist Financial Corp now owns 4,620 shares of the aerospace company’s stock worth $1,138,000 after buying an additional 78 shares in the last quarter. William B. Walkup & Associates Inc. purchased a new position in shares of Huntington Ingalls Industries during the second quarter valued at $455,000. Oliver Lagore Vanvalin Investment Group increased its stake in shares of Huntington Ingalls Industries by 9.1% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 492 shares of the aerospace company’s stock valued at $121,000 after buying an additional 41 shares during the period. Finally, Susquehanna Fundamental Investments LLC raised its holdings in shares of Huntington Ingalls Industries by 40.8% in the second quarter. Susquehanna Fundamental Investments LLC now owns 22,449 shares of the aerospace company’s stock valued at $5,530,000 after acquiring an additional 6,503 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

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 report on Monday, September 9th.

Huntington Ingalls Industries Trading Up 0.5 %

Shares of NYSE:HII opened at $264.38 on Tuesday. The company has a market capitalization of $10.43 billion, a PE ratio of 14.90, a P/E/G ratio of 2.33 and a beta of 0.52. 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, Inc. has a 12-month low of $199.11 and a 12-month high of $299.50. The business’s fifty day simple moving average is $268.24 and its 200-day simple moving average is $264.38.

Huntington Ingalls Industries (NYSE:HII) last posted its 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 analyst estimates 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 quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.27 earnings per share. As a group, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 16.57 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $1.30 dividend. The ex-dividend date was Friday, August 30th. This represents a $5.20 annualized dividend and a yield of 1.97%. Huntington Ingalls Industries’s dividend payout ratio (DPR) 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.