BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Acquires 2,857 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 60.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,583 shares of the aerospace company’s stock after acquiring an additional 2,857 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Huntington Ingalls Industries were worth $1,868,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Riverview Trust Co bought a new stake in shares of Huntington Ingalls Industries in the 1st quarter valued at about $30,000. American National Bank acquired a new stake in Huntington Ingalls Industries in the first quarter worth $30,000. Fidelis Capital Partners LLC bought a new position in shares of Huntington Ingalls Industries during the first quarter worth $31,000. Larson Financial Group LLC grew its holdings in shares of Huntington Ingalls Industries by 158.5% in the 1st quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock valued at $31,000 after buying an additional 65 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Huntington Ingalls Industries in the 2nd quarter valued at $26,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $280.00 to $285.00 in a report on Monday, September 9th.

Huntington Ingalls Industries Stock Up 1.0 %

Huntington Ingalls Industries stock opened at $263.07 on Monday. Huntington Ingalls Industries, Inc. has a twelve month low of $199.11 and a twelve month high of $299.50. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average of $268.28 and a 200-day moving average of $264.54. The stock has a market capitalization of $10.37 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 2.33 and a beta of 0.52.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.77. The firm had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.27 EPS. On average, equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.57 EPS 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. This represents a $5.20 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Friday, August 30th. Huntington Ingalls Industries’s payout ratio is 29.31%.

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.