Cambridge Investment Research Advisors Inc. Increases Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Cambridge Investment Research Advisors Inc. grew its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 8.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,889 shares of the aerospace company’s stock after purchasing an additional 476 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Huntington Ingalls Industries were worth $1,451,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Atria Wealth Solutions Inc. acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at $240,000. Truist Financial Corp raised its holdings in shares of Huntington Ingalls Industries by 16.1% in the fourth quarter. Truist Financial Corp now owns 5,630 shares of the aerospace company’s stock valued at $1,462,000 after buying an additional 780 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Huntington Ingalls Industries by 13.0% during the fourth quarter. Russell Investments Group Ltd. now owns 22,968 shares of the aerospace company’s stock worth $5,962,000 after buying an additional 2,637 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Huntington Ingalls Industries by 276.5% during the fourth quarter. Victory Capital Management Inc. now owns 7,120 shares of the aerospace company’s stock worth $1,849,000 after buying an additional 5,229 shares during the last quarter. Finally, M&T Bank Corp increased its position in Huntington Ingalls Industries by 30.7% in the 4th quarter. M&T Bank Corp now owns 9,143 shares of the aerospace company’s stock valued at $2,374,000 after acquiring an additional 2,147 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Down 0.4 %

HII stock opened at $274.27 on Thursday. Huntington Ingalls Industries, Inc. has a one year low of $199.11 and a one year high of $299.50. 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 company has a fifty day moving average of $264.11 and a 200-day moving average of $267.84. The stock has a market capitalization of $10.82 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 2.46 and a beta of 0.53.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, August 1st. The aerospace company reported $4.38 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the firm earned $3.27 earnings per share. The firm’s revenue was up 6.8% compared to the same quarter last year. As a group, analysts expect that Huntington Ingalls Industries, Inc. will post 16.55 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a $1.30 dividend. The ex-dividend date is Friday, August 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.90%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.31%.

Wall Street Analyst Weigh In

Separately, Citigroup initiated coverage on Huntington Ingalls Industries in a research report on Monday, May 20th. They set a “buy” rating and a $310.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $278.00.

Huntington Ingalls Industries Company 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.