Huntington Ingalls Industries, Inc. (NYSE:HII) Position Boosted by World Asset Management Inc

World Asset Management Inc increased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.7% during the second quarter, Holdings Channel reports. The firm owned 2,588 shares of the aerospace company’s stock after buying an additional 44 shares during the period. World Asset Management Inc’s holdings in Huntington Ingalls Industries were worth $482,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D boosted its stake in shares of Huntington Ingalls Industries by 400.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 75,000 shares of the aerospace company’s stock worth $13,962,000 after buying an additional 60,000 shares during the period. Rothschild Asset Management Inc. boosted its stake in shares of Huntington Ingalls Industries by 22.7% in the second quarter. Rothschild Asset Management Inc. now owns 3,466 shares of the aerospace company’s stock worth $645,000 after buying an additional 641 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of Huntington Ingalls Industries by 157.0% in the second quarter. Great West Life Assurance Co. Can now owns 114,801 shares of the aerospace company’s stock worth $21,338,000 after buying an additional 70,135 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Huntington Ingalls Industries by 26.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,199 shares of the aerospace company’s stock worth $409,000 after buying an additional 459 shares during the period. Finally, Strs Ohio boosted its stake in shares of Huntington Ingalls Industries by 2.5% in the second quarter. Strs Ohio now owns 113,453 shares of the aerospace company’s stock worth $21,120,000 after buying an additional 2,813 shares during the period. 85.98% of the stock is owned by institutional investors.

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) opened at 213.08 on Friday. Huntington Ingalls Industries, Inc. has a 1-year low of $146.52 and a 1-year high of $220.68. The company has a market capitalization of $9.68 billion, a PE ratio of 17.41 and a beta of 1.18. The company’s 50-day moving average price is $199.24 and its 200-day moving average price is $200.68.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $3.21 EPS for the quarter, topping the Zacks’ consensus estimate of $2.62 by $0.59. Huntington Ingalls Industries had a return on equity of 31.12% and a net margin of 7.93%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the previous year, the firm earned $2.32 earnings per share. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities analysts expect that Huntington Ingalls Industries, Inc. will post $11.46 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 25th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Wednesday, August 23rd. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 19.61%.

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A number of analysts have recently commented on the company. Deutsche Bank AG reaffirmed a “buy” rating and issued a $240.00 price target (up from $230.00) on shares of Huntington Ingalls Industries in a research note on Wednesday. BidaskClub raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 price target for the company in a research note on Monday, July 17th. Credit Suisse Group lowered their price target on Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating for the company in a research note on Monday, May 15th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $210.00 price target on shares of Huntington Ingalls Industries in a research note on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $205.00.

In other Huntington Ingalls Industries news, VP Christopher D. Kastner purchased 4,183 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were purchased at an average cost of $189.40 per share, with a total value of $792,260.20. Following the completion of the purchase, the vice president now owns 39,464 shares in the company, valued at $7,474,481.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP D R. Wyatt sold 850 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $197.60, for a total value of $167,960.00. Following the completion of the transaction, the vice president now directly owns 20,740 shares in the company, valued at $4,098,224. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,764 shares of company stock worth $930,588. Insiders own 2.22% of the company’s stock.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.

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

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