Oliver Lagore Vanvalin Investment Group Increases Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Oliver Lagore Vanvalin Investment Group raised its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 9.1% during the second quarter, Holdings Channel reports. The firm owned 492 shares of the aerospace company’s stock after buying an additional 41 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in Huntington Ingalls Industries were worth $121,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HII. Susquehanna Fundamental Investments LLC increased its position in shares of Huntington Ingalls Industries by 40.8% during the second quarter. Susquehanna Fundamental Investments LLC now owns 22,449 shares of the aerospace company’s stock valued at $5,530,000 after buying an additional 6,503 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Huntington Ingalls Industries by 2.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,927 shares of the aerospace company’s stock worth $7,618,000 after acquiring an additional 736 shares during the period. MBB Public Markets I LLC bought a new position in shares of Huntington Ingalls Industries in the 2nd quarter worth approximately $582,000. Drucker Wealth 3.0 LLC bought a new position in shares of Huntington Ingalls Industries in the 2nd quarter worth approximately $2,406,000. Finally, Earnest Partners LLC lifted its stake in shares of Huntington Ingalls Industries by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company’s stock valued at $157,326,000 after purchasing an additional 11,693 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Price Performance

HII stock opened at $263.07 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 0.82. The firm has a market capitalization of $10.37 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 2.33 and a beta of 0.52. The firm has a 50 day moving average price of $268.28 and a 200-day moving average price of $264.72. Huntington Ingalls Industries, Inc. has a 52-week low of $199.11 and a 52-week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, August 1st. The aerospace company reported $4.38 EPS for the quarter, topping analysts’ consensus estimates of $3.61 by $0.77. The firm had revenue of $2.98 billion for 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 company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.27 earnings per share. Equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 16.57 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $1.30 dividend. The ex-dividend date was Friday, August 30th. This represents a $5.20 annualized dividend and a yield of 1.98%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.31%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $280.00 to $285.00 in a report on Monday, September 9th.

Huntington Ingalls Industries 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.