Victory Capital Management Inc. decreased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 5.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,628 shares of the aerospace company’s stock after selling 3,997 shares during the period. Victory Capital Management Inc. owned 0.15% of Huntington Ingalls Industries worth $15,540,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of HII. Koch Industries Inc. increased its stake in shares of Huntington Ingalls Industries by 30,333.4% in the second quarter. Koch Industries Inc. now owns 357,288 shares of the aerospace company’s stock valued at $355,000 after buying an additional 356,114 shares during the period. Janus Henderson Group PLC increased its stake in shares of Huntington Ingalls Industries by 9,035.5% in the second quarter. Janus Henderson Group PLC now owns 321,934 shares of the aerospace company’s stock valued at $59,931,000 after buying an additional 318,410 shares during the period. Discovery Capital Management LLC CT increased its stake in shares of Huntington Ingalls Industries by 82.4% in the second quarter. Discovery Capital Management LLC CT now owns 576,347 shares of the aerospace company’s stock valued at $107,293,000 after buying an additional 260,408 shares during the period. BlackRock Inc. increased its stake in shares of Huntington Ingalls Industries by 2.7% in the second quarter. BlackRock Inc. now owns 4,572,209 shares of the aerospace company’s stock valued at $851,165,000 after buying an additional 120,171 shares during the period. Finally, FMR LLC increased its stake in shares of Huntington Ingalls Industries by 4.1% in the second quarter. FMR LLC now owns 2,881,190 shares of the aerospace company’s stock valued at $536,363,000 after buying an additional 114,098 shares during the period. 84.65% of the stock is owned by institutional investors.

Shares of Huntington Ingalls Industries, Inc. (HII) opened at $240.66 on Monday. Huntington Ingalls Industries, Inc. has a one year low of $169.87 and a one year high of $253.44. The company has a market capitalization of $10,892.58, a P/E ratio of 20.02, a P/E/G ratio of 1.34 and a beta of 1.19. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.38 and a current ratio of 1.52.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Wednesday, November 8th. The aerospace company reported $3.27 EPS for the quarter, topping the consensus estimate of $2.78 by $0.49. Huntington Ingalls Industries had a return on equity of 33.37% and a net margin of 8.31%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the firm posted $2.27 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. analysts forecast that Huntington Ingalls Industries, Inc. will post 11.99 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $2.88 annualized dividend and a yield of 1.20%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $0.60. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 18.13%.

Huntington Ingalls Industries declared that its Board of Directors has initiated a stock repurchase program on Tuesday, November 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the aerospace company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

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Several equities research analysts have recently weighed in on the company. Credit Suisse Group reissued a “neutral” rating and issued a $241.00 price target (up previously from $211.00) on shares of Huntington Ingalls Industries in a research note on Thursday. Zacks Investment Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 price target for the company in a research note on Friday. Citigroup Inc. reissued a “neutral” rating and issued a $233.00 price target (up previously from $224.00) on shares of Huntington Ingalls Industries in a research note on Monday, October 9th. Cowen and Company reissued a “hold” rating and issued a $225.00 price target on shares of Huntington Ingalls Industries in a research note on Friday, October 6th. Finally, ValuEngine raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Huntington Ingalls Industries presently has an average rating of “Hold” and an average price target of $222.57.

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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