Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 12.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,036 shares of the aerospace company’s stock after acquiring an additional 1,407 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Huntington Ingalls Industries were worth $3,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Riverview Trust Co acquired a new stake in 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 1st quarter valued at about $30,000. Fidelis Capital Partners LLC acquired a new stake in Huntington Ingalls Industries in the 1st quarter valued at about $31,000. Larson Financial Group LLC lifted its holdings in 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 acquiring an additional 65 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Huntington Ingalls Industries in the 2nd quarter valued at about $26,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Trading Down 2.6 %

Shares of NYSE HII opened at $260.87 on Wednesday. The firm has a market capitalization of $10.23 billion, a PE ratio of 14.71, a PEG ratio of 2.35 and a beta of 0.52. Huntington Ingalls Industries, Inc. has a one year low of $199.11 and a one year high of $299.50. 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 business has a 50-day moving average price of $265.72 and a two-hundred day moving average price of $267.16.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly 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 business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.84 billion. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.27 earnings per share. As a group, analysts predict that Huntington Ingalls Industries, Inc. will post 16.55 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 29.31%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Citigroup initiated coverage on shares of Huntington Ingalls Industries in a research note on Monday, May 20th. They set a “buy” rating and a $310.00 price objective for the company. JPMorgan Chase & Co. lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $280.00 to $285.00 in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average target price of $275.50.

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.