BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Purchases 2,857 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 60.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 7,583 shares of the aerospace company’s stock after purchasing an additional 2,857 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Huntington Ingalls Industries were worth $1,868,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Semmax Financial Advisors Inc. bought a new position in Huntington Ingalls Industries during the second quarter worth $2,452,000. Distillate Capital Partners LLC bought a new stake in shares of Huntington Ingalls Industries during the 2nd quarter worth about $13,558,000. Public Sector Pension Investment Board grew its stake in 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 buying an additional 592 shares during the last quarter. Epoch Investment Partners Inc. raised its holdings in Huntington Ingalls Industries by 25.8% in the 2nd quarter. Epoch Investment Partners Inc. now owns 308,992 shares of the aerospace company’s stock valued at $76,114,000 after acquiring an additional 63,348 shares during the period. Finally, 1832 Asset Management L.P. boosted its holdings in shares of Huntington Ingalls Industries by 17.8% during the second quarter. 1832 Asset Management L.P. now owns 5,360 shares of the aerospace company’s stock worth $1,320,000 after acquiring an additional 811 shares during the period. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

NYSE:HII opened at $263.07 on Monday. Huntington Ingalls Industries, Inc. has a 52 week low of $199.11 and a 52 week high of $299.50. 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’s 50-day simple moving average is $268.28 and its 200 day simple moving average is $264.54. The firm has a market cap of $10.37 billion, a price-to-earnings ratio of 14.83, a P/E/G ratio of 2.33 and a beta of 0.52.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, August 1st. The aerospace company reported $4.38 EPS for the quarter, topping the consensus estimate of $3.61 by $0.77. The company had revenue of $2.98 billion for 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 revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $3.27 earnings per share. As a group, sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 16.57 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.98%. Huntington Ingalls Industries’s payout ratio is 29.31%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $280.00 to $285.00 in a research note 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.