Seven Eight Capital LP Increases Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Seven Eight Capital LP lifted its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 117.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,226 shares of the aerospace company’s stock after buying an additional 1,200 shares during the period. Seven Eight Capital LP’s holdings in Huntington Ingalls Industries were worth $548,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of HII. American Century Companies Inc. lifted its holdings in Huntington Ingalls Industries by 42.1% during the second quarter. American Century Companies Inc. now owns 473,778 shares of the aerospace company’s stock worth $116,706,000 after acquiring an additional 140,338 shares during the period. Van ECK Associates Corp lifted its holdings in Huntington Ingalls Industries by 16.1% during the second quarter. Van ECK Associates Corp now owns 914,410 shares of the aerospace company’s stock worth $225,247,000 after acquiring an additional 126,654 shares during the period. Hsbc Holdings PLC lifted its holdings in Huntington Ingalls Industries by 50.9% during the second quarter. Hsbc Holdings PLC now owns 289,434 shares of the aerospace company’s stock worth $71,418,000 after acquiring an additional 97,646 shares during the period. TD Asset Management Inc lifted its holdings in Huntington Ingalls Industries by 745.3% during the fourth quarter. TD Asset Management Inc now owns 100,569 shares of the aerospace company’s stock worth $26,112,000 after acquiring an additional 88,671 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in Huntington Ingalls Industries by 564.2% during the first quarter. Canada Pension Plan Investment Board now owns 98,300 shares of the aerospace company’s stock worth $28,652,000 after acquiring an additional 83,500 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $280.00 to $285.00 in a report on Monday, September 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $275.50.

Huntington Ingalls Industries Stock Performance

Shares of HII opened at $267.51 on Friday. The firm has a market cap of $10.55 billion, a PE ratio of 15.08, a PEG ratio of 2.24 and a beta of 0.52. The stock’s fifty day moving average price is $268.58 and its two-hundred day moving average price is $265.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.82 and a quick ratio of 0.76. Huntington Ingalls Industries, Inc. has a 1 year low of $199.11 and a 1 year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, beating the consensus estimate of $3.61 by $0.77. The company 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 firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.27 earnings per share. On average, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 16.57 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.31%.

About Huntington Ingalls Industries

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.