Bank of Montreal Can Has $9.05 Million Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Bank of Montreal Can reduced its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 7.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,970 shares of the aerospace company’s stock after selling 2,778 shares during the period. Bank of Montreal Can owned 0.09% of Huntington Ingalls Industries worth $9,052,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Public Sector Pension Investment Board raised its stake in shares of Huntington Ingalls Industries by 63.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 1,523 shares of the aerospace company’s stock valued at $375,000 after acquiring an additional 592 shares in the last quarter. Epoch Investment Partners Inc. grew its holdings in Huntington Ingalls Industries by 25.8% during the second quarter. Epoch Investment Partners Inc. now owns 308,992 shares of the aerospace company’s stock valued at $76,114,000 after purchasing an additional 63,348 shares during the last quarter. 1832 Asset Management L.P. raised its position in shares of Huntington Ingalls Industries by 17.8% in the second quarter. 1832 Asset Management L.P. now owns 5,360 shares of the aerospace company’s stock valued at $1,320,000 after purchasing an additional 811 shares during the period. ProShare Advisors LLC lifted its stake in shares of Huntington Ingalls Industries by 15.7% in the second quarter. ProShare Advisors LLC now owns 11,027 shares of the aerospace company’s stock worth $2,716,000 after buying an additional 1,498 shares during the last quarter. Finally, Sound Shore Management Inc. CT boosted its holdings in shares of Huntington Ingalls Industries by 50.7% during the 2nd quarter. Sound Shore Management Inc. CT now owns 345,489 shares of the aerospace company’s stock worth $85,104,000 after buying an additional 116,180 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Up 1.0 %

Shares of HII stock opened at $263.07 on Monday. Huntington Ingalls Industries, Inc. has a 12 month low of $199.11 and a 12 month high of $299.50. 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 firm has a market cap of $10.37 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 2.33 and a beta of 0.52. The stock has a 50 day moving average of $268.28 and a 200-day moving average of $264.54.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, August 1st. The aerospace company reported $4.38 EPS for the quarter, beating the consensus estimate of $3.61 by $0.77. The firm had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.27 EPS. On average, equities analysts predict that Huntington Ingalls Industries, Inc. will post 16.57 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $1.30 per share. 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 is 29.31%.

Analyst Ratings Changes

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

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.