Capital Insight Partners LLC Increases Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Capital Insight Partners LLC boosted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,843 shares of the aerospace company’s stock after acquiring an additional 105 shares during the period. Capital Insight Partners LLC’s holdings in Huntington Ingalls Industries were worth $454,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HII. Riverview Trust Co bought a new stake in shares of Huntington Ingalls Industries during the 1st quarter valued at about $30,000. American National Bank bought a new stake in Huntington Ingalls Industries during the 1st quarter valued at approximately $30,000. Fidelis Capital Partners LLC bought a new stake in Huntington Ingalls Industries during the 1st quarter valued at approximately $31,000. Larson Financial Group LLC grew its holdings in shares of Huntington Ingalls Industries by 158.5% during the 1st quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 65 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Huntington Ingalls Industries in the 2nd quarter worth approximately $26,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Performance

Shares of HII opened at $274.51 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.82 and a debt-to-equity ratio of 0.41. The stock has a market cap of $10.82 billion, a P/E ratio of 15.47, a P/E/G ratio of 2.28 and a beta of 0.53. The business’s 50 day moving average price is $259.13 and its 200-day moving average price is $267.77. Huntington Ingalls Industries, Inc. has a 52 week low of $199.11 and a 52 week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, August 1st. The aerospace company reported $4.38 EPS for the quarter, topping the consensus estimate of $3.61 by $0.77. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the previous year, the company posted $3.27 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.32 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 1.89%. The ex-dividend date is Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 29.31%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. StockNews.com lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Citigroup began coverage on shares of Huntington Ingalls Industries in a report on Monday, May 20th. They set a “buy” rating and a $310.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $278.00.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.