Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Acquired by 1832 Asset Management L.P.

1832 Asset Management L.P. increased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 17.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,360 shares of the aerospace company’s stock after purchasing an additional 811 shares during the quarter. 1832 Asset Management L.P.’s holdings in Huntington Ingalls Industries were worth $1,320,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. American Century Companies Inc. lifted its stake in shares of Huntington Ingalls Industries by 42.1% during the second quarter. American Century Companies Inc. now owns 473,778 shares of the aerospace company’s stock worth $116,706,000 after purchasing an additional 140,338 shares in the last quarter. Van ECK Associates Corp lifted its position in Huntington Ingalls Industries by 16.1% during the 2nd quarter. Van ECK Associates Corp now owns 914,410 shares of the aerospace company’s stock worth $225,247,000 after acquiring an additional 126,654 shares in the last quarter. Sound Shore Management Inc. CT boosted its holdings in Huntington Ingalls Industries by 50.7% in the 2nd quarter. Sound Shore Management Inc. CT now owns 345,489 shares of the aerospace company’s stock worth $85,104,000 after acquiring an additional 116,180 shares during the period. Hsbc Holdings PLC boosted its holdings in Huntington Ingalls Industries by 50.9% in the 2nd quarter. Hsbc Holdings PLC now owns 289,434 shares of the aerospace company’s stock worth $71,418,000 after acquiring an additional 97,646 shares during the period. Finally, TD Asset Management Inc grew its position in Huntington Ingalls Industries by 745.3% in the fourth quarter. TD Asset Management Inc now owns 100,569 shares of the aerospace company’s stock valued at $26,112,000 after acquiring an additional 88,671 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Up 1.3 %

HII stock opened at $260.36 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41. The firm has a 50 day simple moving average of $268.29 and a 200-day simple moving average of $265.07. The company has a market capitalization of $10.27 billion, a P/E ratio of 14.68, a PEG ratio of 2.33 and a beta of 0.52. Huntington Ingalls Industries, Inc. has a twelve month low of $199.11 and a twelve month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 EPS for the quarter, topping analysts’ consensus estimates of $3.61 by $0.77. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period last year, the firm earned $3.27 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, 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 declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio is currently 29.31%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut 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. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $275.50.

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.