IFC Holdings Incorporated FL boosted its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 7.0% during the second quarter, Holdings Channel reports. The institutional investor owned 5,596 shares of the aerospace company’s stock after buying an additional 366 shares during the period. IFC Holdings Incorporated FL’s holdings in Huntington Ingalls Industries were worth $1,046,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in HII. Candriam Luxembourg S.C.A. purchased a new stake in Huntington Ingalls Industries during the first quarter valued at approximately $917,000. James Investment Research Inc. increased its stake in Huntington Ingalls Industries by 32.4% in the first quarter. James Investment Research Inc. now owns 171,399 shares of the aerospace company’s stock valued at $34,321,000 after buying an additional 41,930 shares in the last quarter. Covenant Asset Management LLC purchased a new stake in Huntington Ingalls Industries during the first quarter valued at approximately $1,475,000. Huntington National Bank increased its stake in Huntington Ingalls Industries by 112.9% in the first quarter. Huntington National Bank now owns 511 shares of the aerospace company’s stock valued at $102,000 after buying an additional 271 shares in the last quarter. Finally, Barometer Capital Management Inc. purchased a new stake in Huntington Ingalls Industries during the first quarter valued at approximately $4,746,000. Hedge funds and other institutional investors own 85.98% of the company’s stock.

Huntington Ingalls Industries, Inc. (HII) opened at 213.16 on Friday. The stock has a market cap of $9.68 billion, a PE ratio of 17.42 and a beta of 1.18. The company’s 50 day moving average price is $200.03 and its 200 day moving average price is $200.82. Huntington Ingalls Industries, Inc. has a 12 month low of $146.52 and a 12 month high of $220.68.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the company earned $2.32 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities analysts forecast that Huntington Ingalls Industries, Inc. will post $11.56 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis 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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Several research firms have recently commented on HII. Deutsche Bank AG restated a “buy” rating and set a $240.00 price objective (up previously from $230.00) on shares of Huntington Ingalls Industries in a report on Wednesday. BidaskClub upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Cowen and Company restated a “hold” rating and set a $210.00 price objective on shares of Huntington Ingalls Industries in a report on Thursday, May 4th. Zacks Investment Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 price objective for the company in a report on Monday, July 17th. Finally, Credit Suisse Group decreased their price objective on Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating for the company in a report on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $205.00.

In related news, VP Jerri F. Dickseski sold 1,552 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $193.09, for a total transaction of $299,675.68. Following the completion of the transaction, the vice president now owns 34,659 shares of the company’s stock, valued at approximately $6,692,306.31. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Christopher D. Kastner acquired 4,183 shares of Huntington Ingalls Industries stock in a transaction that occurred on Wednesday, May 24th. The shares were bought at an average cost of $189.40 per share, with a total value of $792,260.20. Following the transaction, the vice president now owns 39,464 shares in the company, valued at $7,474,481.60. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 4,764 shares of company stock valued at $930,588. 2.22% of the stock is owned by corporate insiders.

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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