Ethic Inc. Acquires 90 Shares of Huntington Ingalls Industries, Inc. $HII

Ethic Inc. raised its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 5.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,674 shares of the aerospace company’s stock after buying an additional 90 shares during the quarter. Ethic Inc.’s holdings in Huntington Ingalls Industries were worth $400,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. William B. Walkup & Associates Inc. grew its position in shares of Huntington Ingalls Industries by 2.4% in the 1st quarter. William B. Walkup & Associates Inc. now owns 1,843 shares of the aerospace company’s stock worth $376,000 after buying an additional 44 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Huntington Ingalls Industries by 11.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 572 shares of the aerospace company’s stock worth $138,000 after buying an additional 58 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Huntington Ingalls Industries by 40.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock worth $42,000 after buying an additional 59 shares during the last quarter. Bangor Savings Bank grew its position in shares of Huntington Ingalls Industries by 1.7% in the 2nd quarter. Bangor Savings Bank now owns 3,620 shares of the aerospace company’s stock worth $874,000 after buying an additional 60 shares during the last quarter. Finally, HM Payson & Co. grew its position in shares of Huntington Ingalls Industries by 71.9% in the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock worth $31,000 after buying an additional 64 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Trading Down 0.3%

Huntington Ingalls Industries stock opened at $298.34 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’s fifty day simple moving average is $279.68 and its two-hundred day simple moving average is $254.41. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $309.00. The company has a market capitalization of $11.71 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 1.71 and a beta of 0.38.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, topping the consensus estimate 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 business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the company posted $4.38 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.9%. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, November 28th. Huntington Ingalls Industries’s dividend payout ratio is presently 40.42%.

Wall Street Analyst Weigh In

HII has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Wednesday, October 8th. Zacks Research lowered Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. Barclays lifted their price target on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, August 4th. Wall Street Zen lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 7th. Finally, TD Cowen upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and lifted their price target for the company from $250.00 to $300.00 in a research report on Thursday, July 10th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $262.67.

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.