BlackRock Inc. Raises Holdings in Huntington Ingalls Industries Inc (NYSE:HII)

BlackRock Inc. grew its position in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 8.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,537,271 shares of the aerospace company’s stock after purchasing an additional 272,816 shares during the period. BlackRock Inc. owned approximately 8.51% of Huntington Ingalls Industries worth $794,967,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of HII. WINTON GROUP Ltd grew its position in shares of Huntington Ingalls Industries by 6,213.0% during the second quarter. WINTON GROUP Ltd now owns 82,322 shares of the aerospace company’s stock valued at $18,501,000 after purchasing an additional 81,018 shares in the last quarter. Supplemental Annuity Collective Trust of NJ purchased a new position in Huntington Ingalls Industries in the second quarter worth about $225,000. Retirement Systems of Alabama grew its position in Huntington Ingalls Industries by 3.9% in the second quarter. Retirement Systems of Alabama now owns 47,819 shares of the aerospace company’s stock worth $10,747,000 after acquiring an additional 1,795 shares in the last quarter. New Jersey Better Educational Savings Trust grew its position in Huntington Ingalls Industries by 11.1% in the second quarter. New Jersey Better Educational Savings Trust now owns 2,000 shares of the aerospace company’s stock worth $449,000 after acquiring an additional 200 shares in the last quarter. Finally, Zions Bancorporation N.A. grew its position in Huntington Ingalls Industries by 1,260.0% in the second quarter. Zions Bancorporation N.A. now owns 136 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Shares of NYSE HII opened at $251.21 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.12 and a quick ratio of 1.05. The company has a market cap of $9.56 billion, a P/E ratio of 13.16 and a beta of 1.19. Huntington Ingalls Industries Inc has a 1 year low of $173.80 and a 1 year high of $254.14. The firm has a 50-day simple moving average of $216.46 and a two-hundred day simple moving average of $216.34.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, November 7th. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.63 by $0.11. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.20 billion. Huntington Ingalls Industries had a net margin of 8.04% and a return on equity of 42.07%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $5.29 earnings per share. As a group, equities research analysts expect that Huntington Ingalls Industries Inc will post 13.95 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $1.03 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $4.12 annualized dividend and a yield of 1.64%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $0.86. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 18.02%.

Several research analysts recently commented on the company. Buckingham Research dropped their price target on Huntington Ingalls Industries from $295.00 to $265.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Alembic Global Advisors upgraded Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a research report on Monday, August 5th. ValuEngine upgraded Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Bank of America dropped their price target on Huntington Ingalls Industries from $305.00 to $275.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $243.67.

In other Huntington Ingalls Industries news, VP Jerri F. Dickseski sold 1,874 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $205.00, for a total value of $384,170.00. Following the completion of the sale, the vice president now owns 33,888 shares of the company’s stock, valued at $6,947,040. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.65% of the stock is owned by company insiders.

Huntington Ingalls Industries Company 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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