Northern Trust Corp Buys 6,723 Shares of Huntington Ingalls Industries Inc (NYSE:HII)

Northern Trust Corp lifted its stake in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 500,747 shares of the aerospace company’s stock after acquiring an additional 6,723 shares during the quarter. Northern Trust Corp owned about 1.21% of Huntington Ingalls Industries worth $112,538,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LSV Asset Management boosted its stake in shares of Huntington Ingalls Industries by 1.0% during the 2nd quarter. LSV Asset Management now owns 1,751,664 shares of the aerospace company’s stock worth $393,668,000 after acquiring an additional 17,822 shares in the last quarter. Geode Capital Management LLC boosted its stake in Huntington Ingalls Industries by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 623,420 shares of the aerospace company’s stock valued at $118,455,000 after purchasing an additional 18,179 shares during the period. Dimensional Fund Advisors LP boosted its stake in Huntington Ingalls Industries by 3.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 340,142 shares of the aerospace company’s stock valued at $64,731,000 after purchasing an additional 11,128 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Huntington Ingalls Industries by 1.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 267,963 shares of the aerospace company’s stock valued at $60,223,000 after purchasing an additional 3,810 shares during the period. Finally, Martingale Asset Management L P boosted its stake in Huntington Ingalls Industries by 8.2% during the 1st quarter. Martingale Asset Management L P now owns 193,615 shares of the aerospace company’s stock valued at $40,118,000 after purchasing an additional 14,602 shares during the period. Institutional investors own 86.82% of the company’s stock.

NYSE:HII traded up $1.97 during mid-day trading on Friday, hitting $218.76. 58,122 shares of the company’s stock traded hands, compared to its average volume of 229,658. The firm has a 50 day moving average of $212.23 and a two-hundred day moving average of $214.28. Huntington Ingalls Industries Inc has a 12 month low of $173.80 and a 12 month high of $262.32. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 11.46 and a beta of 1.17. The company has a current ratio of 1.12, a quick ratio of 1.05 and a debt-to-equity ratio of 1.15.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, August 1st. The aerospace company reported $3.07 EPS for the quarter, missing the Zacks’ consensus estimate of $3.56 by ($0.49). Huntington Ingalls Industries had a return on equity of 42.07% and a net margin of 8.04%. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the business posted $5.40 EPS. Huntington Ingalls Industries’s revenue was up 8.3% compared to the same quarter last year. As a group, equities research analysts expect that Huntington Ingalls Industries Inc will post 13.96 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $0.86 dividend. The ex-dividend date is Thursday, August 29th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.57%. Huntington Ingalls Industries’s dividend payout ratio is currently 18.02%.

In other Huntington Ingalls Industries news, VP Jerri F. Dickseski sold 1,874 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $228.68, for a total value of $428,546.32. Following the completion of the sale, the vice president now owns 34,033 shares in the company, valued at approximately $7,782,666.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.65% of the stock is currently owned by company insiders.

HII has been the subject of several recent analyst reports. Bank of America decreased their target price on Huntington Ingalls Industries from $305.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Alembic Global Advisors upgraded Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a research note on Monday, August 5th. Finally, Buckingham Research decreased their target price on Huntington Ingalls Industries from $295.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $240.10.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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