Cwm LLC Raises Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Cwm LLC boosted its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 142.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,251 shares of the aerospace company’s stock after purchasing an additional 3,088 shares during the quarter. Cwm LLC’s holdings in Huntington Ingalls Industries were worth $1,388,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in shares of Huntington Ingalls Industries by 16.1% in the 2nd quarter. Van ECK Associates Corp now owns 914,410 shares of the aerospace company’s stock worth $225,247,000 after acquiring an additional 126,654 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Huntington Ingalls Industries by 41.6% during the second quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock valued at $180,458,000 after purchasing an additional 215,362 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of Huntington Ingalls Industries by 1.9% during the second quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company’s stock valued at $157,326,000 after purchasing an additional 11,693 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Huntington Ingalls Industries by 8.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 521,426 shares of the aerospace company’s stock worth $128,443,000 after purchasing an additional 40,942 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Huntington Ingalls Industries by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 502,442 shares of the aerospace company’s stock worth $123,771,000 after purchasing an additional 13,439 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on HII. JPMorgan Chase & Co. cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $280.00 to $285.00 in a research note on Monday, September 9th. Wolfe Research lowered Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Finally, Vertical Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective on the stock. in a research report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Huntington Ingalls Industries presently has an average rating of “Hold” and an average target price of $290.00.

Huntington Ingalls Industries Stock Up 0.5 %

Huntington Ingalls Industries stock opened at $260.66 on Thursday. Huntington Ingalls Industries, Inc. has a 12 month low of $212.58 and a 12 month high of $299.50. The stock has a fifty day simple moving average of $266.08 and a two-hundred day simple moving average of $261.87. 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 cap of $10.28 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 2.25 and a beta of 0.52.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.84 billion. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. Huntington Ingalls Industries’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the company earned $3.27 EPS. Equities analysts predict that Huntington Ingalls Industries, Inc. will post 16.56 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.99%. The ex-dividend date was Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio is currently 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.