Huntington Ingalls Industries, Inc. (NYSE:HII) Stock Holdings Boosted by Global Trust Asset Management LLC

Global Trust Asset Management LLC lifted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,549 shares of the aerospace company’s stock after acquiring an additional 72 shares during the period. Global Trust Asset Management LLC’s holdings in Huntington Ingalls Industries were worth $410,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of HII. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Huntington Ingalls Industries during the second quarter worth about $26,000. Kathleen S. Wright Associates Inc. acquired a new stake in Huntington Ingalls Industries in the third quarter worth about $29,000. Fidelis Capital Partners LLC acquired a new stake in Huntington Ingalls Industries in the first quarter worth about $31,000. Larson Financial Group LLC lifted its holdings in Huntington Ingalls Industries by 158.5% in the first quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 65 shares during the period. Finally, Evermay Wealth Management LLC acquired a new stake in Huntington Ingalls Industries in the first quarter worth about $31,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII opened at $254.70 on Friday. Huntington Ingalls Industries, Inc. has a twelve month low of $213.02 and a twelve month high of $299.50. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 2.25 and a beta of 0.52. The firm has a 50-day moving average of $265.56 and a two-hundred day moving average of $260.88.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.77. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the prior year, the company earned $3.27 EPS. Huntington Ingalls Industries’s revenue was up 6.8% on a year-over-year basis. As a group, analysts expect that Huntington Ingalls Industries, Inc. will post 16.56 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio is presently 29.31%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HII shares. Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. StockNews.com downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Wednesday. Vertical Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective for the company. in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $280.00 to $285.00 in a report on Monday, September 9th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $290.00.

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.