Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Bought by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. boosted its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 14.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 770 shares of the aerospace company’s stock after purchasing an additional 100 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Huntington Ingalls Industries were worth $190,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. SteelPeak Wealth LLC acquired a new stake in Huntington Ingalls Industries in the 2nd quarter valued at about $1,769,000. SG Americas Securities LLC lifted its stake in Huntington Ingalls Industries by 950.1% in the first quarter. SG Americas Securities LLC now owns 38,454 shares of the aerospace company’s stock valued at $11,208,000 after acquiring an additional 34,792 shares during the last quarter. Prevatt Capital Ltd acquired a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at $15,578,000. Los Angeles Capital Management LLC boosted its stake in shares of Huntington Ingalls Industries by 26.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 20,458 shares of the aerospace company’s stock worth $5,963,000 after acquiring an additional 4,217 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Huntington Ingalls Industries by 30.5% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 49,805 shares of the aerospace company’s stock valued at $14,517,000 after purchasing an additional 11,647 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and boosted their price objective 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $275.50.

Huntington Ingalls Industries Stock Up 1.3 %

HII stock opened at $260.36 on Friday. 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 fifty-two week low of $199.11 and a fifty-two week high of $299.50. The stock has a market capitalization of $10.27 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 2.33 and a beta of 0.52. The business’s fifty day moving average price is $268.29 and its two-hundred day moving average price is $265.07.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the prior year, the firm posted $3.27 earnings per share. The firm’s revenue was up 6.8% compared to the same quarter last year. On average, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.57 earnings per share for the current 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 paid a $1.30 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $5.20 annualized dividend and a dividend yield of 2.00%. Huntington Ingalls Industries’s dividend payout ratio is 29.31%.

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.