Gradient Investments LLC Raises Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Gradient Investments LLC increased its stake in Huntington Ingalls Industries, Inc. (NYSE:HIIGet Rating) by 138.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 172 shares of the aerospace company’s stock after acquiring an additional 100 shares during the quarter. Gradient Investments LLC’s holdings in Huntington Ingalls Industries were worth $37,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Huntington Ingalls Industries by 12.2% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,759 shares of the aerospace company’s stock worth $5,137,000 after purchasing an additional 2,809 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in Huntington Ingalls Industries by 1.1% during the 1st quarter. Mutual of America Capital Management LLC now owns 5,283 shares of the aerospace company’s stock worth $1,054,000 after purchasing an additional 55 shares during the last quarter. Xponance Inc. boosted its stake in Huntington Ingalls Industries by 769.1% during the 1st quarter. Xponance Inc. now owns 21,833 shares of the aerospace company’s stock worth $4,354,000 after purchasing an additional 19,321 shares during the last quarter. Redpoint Investment Management Pty Ltd acquired a new stake in Huntington Ingalls Industries during the 1st quarter worth $279,000. Finally, Oppenheimer Asset Management Inc. boosted its stake in Huntington Ingalls Industries by 1.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 16,680 shares of the aerospace company’s stock worth $3,327,000 after purchasing an additional 172 shares during the last quarter. Institutional investors and hedge funds own 89.24% of the company’s stock.

Huntington Ingalls Industries Trading Down 0.1 %

Shares of HII stock opened at $232.58 on Thursday. The company’s 50-day moving average price is $225.61 and its 200-day moving average price is $215.32. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 1.05. The stock has a market cap of $9.29 billion, a price-to-earnings ratio of 15.95 and a beta of 0.64. Huntington Ingalls Industries, Inc. has a twelve month low of $175.50 and a twelve month high of $243.46.

Huntington Ingalls Industries (NYSE:HIIGet Rating) last posted its earnings results on Thursday, August 4th. The aerospace company reported $4.44 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $1.01. Huntington Ingalls Industries had a net margin of 5.71% and a return on equity of 21.73%. The company had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the prior year, the company posted $3.20 earnings per share. Huntington Ingalls Industries’s revenue for the quarter was up 19.3% compared to the same quarter last year. As a group, equities analysts predict that Huntington Ingalls Industries, Inc. will post 15.34 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 26th were given a $1.18 dividend. The ex-dividend date was Thursday, August 25th. This represents a $4.72 dividend on an annualized basis and a yield of 2.03%. Huntington Ingalls Industries’s payout ratio is currently 32.37%.

Wall Street Analysts Forecast Growth

HII has been the topic of several recent research reports. StockNews.com raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Sanford C. Bernstein boosted their price target on shares of Huntington Ingalls Industries from $217.00 to $235.00 in a research report on Tuesday, August 9th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.88.

Huntington Ingalls Industries Profile

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Huntington Ingalls Industries, Inc engages in designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. 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.

See Also

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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