Franklin Resources Inc. raised its stake in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 0.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 304,177 shares of the aerospace company’s stock after acquiring an additional 845 shares during the quarter. Franklin Resources Inc.’s holdings in Huntington Ingalls Industries were worth $77,893,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of HII. Piedmont Investment Advisors LLC purchased a new stake in shares of Huntington Ingalls Industries during the second quarter worth about $110,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Huntington Ingalls Industries by 4.7% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 146,953 shares of the aerospace company’s stock worth $31,858,000 after buying an additional 6,550 shares in the last quarter. Smith Asset Management Group LP grew its holdings in shares of Huntington Ingalls Industries by 5.2% during the second quarter. Smith Asset Management Group LP now owns 115,477 shares of the aerospace company’s stock worth $25,071,000 after buying an additional 5,734 shares in the last quarter. Aviva PLC grew its holdings in shares of Huntington Ingalls Industries by 10.5% during the second quarter. Aviva PLC now owns 19,957 shares of the aerospace company’s stock worth $4,326,000 after buying an additional 1,902 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Huntington Ingalls Industries during the second quarter worth about $276,000. 85.44% of the stock is owned by institutional investors.

HII has been the subject of a number of recent research reports. Cowen reiterated a “buy” rating and set a $260.00 price target (up from $250.00) on shares of Huntington Ingalls Industries in a report on Friday, August 10th. UBS Group initiated coverage on shares of Huntington Ingalls Industries in a report on Wednesday, August 15th. They set a “buy” rating and a $290.00 price target for the company. Seaport Global Securities initiated coverage on shares of Huntington Ingalls Industries in a report on Thursday, August 23rd. They set a “neutral” rating and a $260.00 price target for the company. Buckingham Research initiated coverage on shares of Huntington Ingalls Industries in a report on Wednesday, September 12th. They set a “buy” rating and a $297.00 price target for the company. Finally, Goldman Sachs Group downgraded shares of Huntington Ingalls Industries from a “neutral” rating to a “sell” rating and set a $208.00 price target for the company. in a report on Thursday, October 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. Huntington Ingalls Industries presently has an average rating of “Buy” and a consensus price target of $254.38.

Huntington Ingalls Industries stock opened at $203.62 on Thursday. Huntington Ingalls Industries Inc has a 1 year low of $201.56 and a 1 year high of $276.69. The company has a market capitalization of $8.75 billion, a P/E ratio of 16.77 and a beta of 1.08. The company has a quick ratio of 1.03, a current ratio of 1.14 and a debt-to-equity ratio of 0.70.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, November 8th. The aerospace company reported $5.29 earnings per share for the quarter, beating analysts’ consensus estimates of $4.14 by $1.15. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Huntington Ingalls Industries had a net margin of 8.63% and a return on equity of 43.71%. Huntington Ingalls Industries’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.27 earnings per share. On average, research analysts predict that Huntington Ingalls Industries Inc will post 17.84 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a dividend of $0.86 per share. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Thursday, November 29th. Huntington Ingalls Industries’s payout ratio is presently 28.34%.

In other news, VP Jerri F. Dickseski sold 271 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $257.84, for a total transaction of $69,874.64. Following the transaction, the vice president now directly owns 34,750 shares of the company’s stock, valued at $8,959,940. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.22% of the company’s stock.

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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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