Eastern Bank Takes $325,000 Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Eastern Bank bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,230 shares of the aerospace company’s stock, valued at approximately $325,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HII. Riverview Trust Co purchased a new position in shares of Huntington Ingalls Industries in the first quarter valued at approximately $30,000. Fidelis Capital Partners LLC acquired a new position in shares of Huntington Ingalls Industries in the first quarter worth $31,000. Larson Financial Group LLC increased its position in shares of Huntington Ingalls Industries by 158.5% during the first quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 65 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Huntington Ingalls Industries in the second quarter valued at $26,000. Finally, Evermay Wealth Management LLC purchased a new position in Huntington Ingalls Industries in the first quarter valued at $31,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $256.12 on Thursday. The firm has a market capitalization of $10.10 billion, a P/E ratio of 14.44, a P/E/G ratio of 2.25 and a beta of 0.52. 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, Inc. has a 52 week low of $212.58 and a 52 week high of $299.50. The firm’s 50 day moving average is $266.07 and its two-hundred day moving average is $260.96.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 EPS 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 firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same period last 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. Research analysts forecast that Huntington Ingalls Industries, Inc. will post 16.56 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $5.20 dividend on an annualized basis and a yield of 2.03%. Huntington Ingalls Industries’s dividend payout ratio is presently 29.31%.

Wall Street Analysts Forecast Growth

HII has been the topic of several recent research reports. Vertical Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target on the stock. in a report on Thursday, October 10th. Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $280.00 to $285.00 in a report on Monday, September 9th. Finally, StockNews.com downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Huntington Ingalls Industries has an average rating of “Hold” and an average target price of $290.00.

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.