Tredje AP fonden Decreases Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Tredje AP fonden decreased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,214 shares of the aerospace company’s stock after selling 98 shares during the period. Tredje AP fonden’s holdings in Huntington Ingalls Industries were worth $1,531,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV increased its position in shares of Huntington Ingalls Industries by 51.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 6,808 shares of the aerospace company’s stock worth $1,677,000 after acquiring an additional 2,315 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Huntington Ingalls Industries by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 502,442 shares of the aerospace company’s stock valued at $123,771,000 after purchasing an additional 13,439 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its stake in Huntington Ingalls Industries by 17.1% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 446,017 shares of the aerospace company’s stock valued at $109,867,000 after purchasing an additional 65,083 shares in the last quarter. Inspire Advisors LLC increased its holdings in Huntington Ingalls Industries by 110.7% during the 2nd quarter. Inspire Advisors LLC now owns 1,797 shares of the aerospace company’s stock worth $443,000 after purchasing an additional 944 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Huntington Ingalls Industries by 30.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 124,565 shares of the aerospace company’s stock valued at $30,684,000 after purchasing an additional 29,091 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Down 0.2 %

Shares of NYSE HII opened at $267.51 on Friday. 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 stock’s 50 day moving average price is $268.25 and its two-hundred day moving average price is $266.16. Huntington Ingalls Industries, Inc. has a 52-week low of $199.11 and a 52-week high of $299.50. The stock has a market capitalization of $10.55 billion, a P/E ratio of 15.08, a PEG ratio of 2.24 and a beta of 0.52.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same period last year, the business posted $3.27 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.57 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio is presently 29.31%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $280.00 to $285.00 in a research report on Monday, September 9th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.