Hennion & Walsh Asset Management Inc. Grows Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Hennion & Walsh Asset Management Inc. increased its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 22.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,416 shares of the aerospace company’s stock after acquiring an additional 618 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Huntington Ingalls Industries were worth $903,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. AQR Capital Management LLC boosted its holdings in shares of Huntington Ingalls Industries by 41.6% during the 2nd 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 during the last quarter. American Century Companies Inc. lifted its position in shares of Huntington Ingalls Industries by 42.1% in the second quarter. American Century Companies Inc. now owns 473,778 shares of the aerospace company’s stock worth $116,706,000 after buying an additional 140,338 shares in the last quarter. Van ECK Associates Corp boosted its stake in Huntington Ingalls Industries by 16.1% during the second quarter. Van ECK Associates Corp now owns 914,410 shares of the aerospace company’s stock valued at $225,247,000 after buying an additional 126,654 shares during the last quarter. Sound Shore Management Inc. CT grew its holdings in Huntington Ingalls Industries by 50.7% during the 2nd quarter. Sound Shore Management Inc. CT now owns 345,489 shares of the aerospace company’s stock valued at $85,104,000 after buying an additional 116,180 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in Huntington Ingalls Industries by 50.9% in the 2nd quarter. Hsbc Holdings PLC now owns 289,434 shares of the aerospace company’s stock worth $71,418,000 after acquiring an additional 97,646 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on HII shares. Wolfe Research downgraded Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. StockNews.com cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Vertical Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target for the company. in a research report on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average target price of $290.00.

Huntington Ingalls Industries Trading Down 0.3 %

HII stock opened at $253.83 on Monday. Huntington Ingalls Industries, Inc. has a twelve month low of $213.02 and a twelve month high of $299.50. The stock has a market capitalization of $10.01 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 2.25 and a beta of 0.52. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.41. The firm’s fifty day simple moving average is $265.23 and its two-hundred day simple moving average is $260.45.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 EPS for the quarter, beating the consensus estimate of $3.61 by $0.77. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.84 billion. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.27 EPS. As a group, analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.49 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Friday, August 30th. Huntington Ingalls Industries’s payout ratio is currently 29.31%.

Huntington Ingalls Industries Company 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.