Charles Schwab Investment Management Inc. Purchases 13,967 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Charles Schwab Investment Management Inc. grew its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 3.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 376,363 shares of the aerospace company’s stock after acquiring an additional 13,967 shares during the period. Charles Schwab Investment Management Inc. owned 0.96% of Huntington Ingalls Industries worth $76,793,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Atria Wealth Solutions Inc. bought a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at $219,000. Wills Financial Group LLC bought a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at $230,000. PNC Financial Services Group Inc. lifted its stake in shares of Huntington Ingalls Industries by 24.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,489 shares of the aerospace company’s stock valued at $2,956,000 after acquiring an additional 2,850 shares during the last quarter. ProVise Management Group LLC lifted its stake in shares of Huntington Ingalls Industries by 18.0% in the 1st quarter. ProVise Management Group LLC now owns 5,934 shares of the aerospace company’s stock valued at $1,211,000 after acquiring an additional 904 shares during the last quarter. Finally, Gruss & Co. LLC acquired a new stake in Huntington Ingalls Industries in the first quarter valued at $204,000. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $269.56 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. The business has a 50-day moving average price of $249.85 and a two-hundred day moving average price of $219.55. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $293.14. The company has a market cap of $10.58 billion, a P/E ratio of 20.18, a PEG ratio of 1.63 and a beta of 0.33.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.63. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the business posted $4.38 EPS. The business’s revenue was up 3.5% compared to the same quarter last year. As a group, analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be paid a $1.35 dividend. The ex-dividend date is Friday, August 29th. This represents a $5.40 annualized dividend and a dividend yield of 2.0%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 40.42%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HII. Wall Street Zen upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Barclays increased their price objective on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. Bank of America increased their price objective on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Wednesday. TD Cowen upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and increased their price objective for the company from $250.00 to $300.00 in a report on Thursday, July 10th. Finally, The Goldman Sachs Group increased their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a “buy” rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $267.00.

Insider Activity at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 1,965 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total value of $449,867.10. Following the completion of the sale, the vice president directly owned 21,228 shares in the company, valued at $4,859,938.32. This trade represents a 8.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.72% of the stock is currently owned by corporate insiders.

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.