Pacer Advisors Inc. Sells 322 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Pacer Advisors Inc. cut its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 10.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,867 shares of the aerospace company’s stock after selling 322 shares during the quarter. Pacer Advisors Inc.’s holdings in Huntington Ingalls Industries were worth $706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. SteelPeak Wealth LLC bought a new position in shares of Huntington Ingalls Industries in the second quarter worth approximately $1,769,000. SG Americas Securities LLC increased its position in shares of 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 period. Prevatt Capital Ltd bought a new position in shares of Huntington Ingalls Industries during the fourth quarter valued at about $15,578,000. Los Angeles Capital Management LLC boosted its holdings in shares of Huntington Ingalls Industries by 26.0% during the first quarter. Los Angeles Capital Management LLC now owns 20,458 shares of the aerospace company’s stock worth $5,963,000 after purchasing an additional 4,217 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Huntington Ingalls Industries by 30.5% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 49,805 shares of the aerospace company’s stock worth $14,517,000 after purchasing an additional 11,647 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Stock Up 1.0 %

Shares of NYSE HII opened at $263.07 on Friday. The firm has a fifty day simple moving average of $268.28 and a two-hundred day simple moving average of $264.72. Huntington Ingalls Industries, Inc. has a 12 month low of $199.11 and a 12 month 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 firm has a market capitalization 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.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.77. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The company 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 firm earned $3.27 earnings per share. Huntington Ingalls Industries’s revenue was up 6.8% on a year-over-year basis. Equities analysts expect that Huntington Ingalls Industries, Inc. will post 16.57 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $5.20 annualized dividend and a dividend yield of 1.98%. Huntington Ingalls Industries’s dividend payout ratio is presently 29.31%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut 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.