Raymond James & Associates Purchases 5,631 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Raymond James & Associates grew its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 10.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,083 shares of the aerospace company’s stock after acquiring an additional 5,631 shares during the period. Raymond James & Associates’ holdings in Huntington Ingalls Industries were worth $15,092,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. AQR Capital Management LLC raised its stake in Huntington Ingalls Industries by 41.6% in the second quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock valued at $180,458,000 after buying an additional 215,362 shares during the period. American Century Companies Inc. raised its stake in Huntington Ingalls Industries by 42.1% in the 2nd quarter. American Century Companies Inc. now owns 473,778 shares of the aerospace company’s stock valued at $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 2nd quarter. Van ECK Associates Corp now owns 914,410 shares of the aerospace company’s stock valued at $225,247,000 after purchasing an additional 126,654 shares during the last quarter. Sound Shore Management Inc. CT boosted its position in Huntington Ingalls Industries by 50.7% during the second quarter. Sound Shore Management Inc. CT now owns 345,489 shares of the aerospace company’s stock worth $85,104,000 after purchasing an additional 116,180 shares during the period. Finally, Hsbc Holdings PLC raised its position in shares of Huntington Ingalls Industries by 50.9% in the second quarter. Hsbc Holdings PLC now owns 289,434 shares of the aerospace company’s stock valued at $71,418,000 after purchasing an additional 97,646 shares during the period. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Trading Down 0.3 %

Shares of HII stock opened at $253.83 on Friday. The stock has a market cap of $9.96 billion, a P/E ratio of 13.47, a price-to-earnings-growth ratio of 2.25 and a beta of 0.52. Huntington Ingalls Industries, Inc. has a 1 year low of $213.02 and a 1 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 stock has a 50 day simple moving average of $265.23 and a 200 day simple moving average of $260.55.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the prior year, the company posted $3.27 EPS. The company’s revenue was up 6.8% compared to the same quarter last year. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 16.49 earnings per share 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. This represents a $5.20 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio is currently 27.59%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HII. StockNews.com downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Wednesday. Vertical Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price on the stock. in a research report on Thursday, October 10th. JPMorgan Chase & Co. cut 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. Finally, Wolfe Research lowered Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $290.00.

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.