Advisor Partners LLC Buys 4 Shares of Huntington Ingalls Industries, Inc. (HII)

Advisor Partners LLC increased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,391 shares of the aerospace company’s stock after buying an additional 4 shares during the period. Advisor Partners LLC’s holdings in Huntington Ingalls Industries were worth $259,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Huntington Ingalls Industries by 6,424.3% in the first quarter. BlackRock Inc. now owns 4,452,038 shares of the aerospace company’s stock worth $891,476,000 after buying an additional 4,383,800 shares during the period. Vanguard Group Inc. increased its position in shares of Huntington Ingalls Industries by 3.9% in the first quarter. Vanguard Group Inc. now owns 4,449,811 shares of the aerospace company’s stock worth $891,031,000 after buying an additional 166,765 shares during the period. State Street Corp increased its position in shares of Huntington Ingalls Industries by 1.6% in the first quarter. State Street Corp now owns 2,909,155 shares of the aerospace company’s stock worth $582,521,000 after buying an additional 45,253 shares during the period. FMR LLC increased its position in shares of Huntington Ingalls Industries by 2.3% in the first quarter. FMR LLC now owns 2,767,092 shares of the aerospace company’s stock worth $554,082,000 after buying an additional 62,820 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Huntington Ingalls Industries by 7.5% in the first quarter. AQR Capital Management LLC now owns 1,778,952 shares of the aerospace company’s stock worth $356,217,000 after buying an additional 124,237 shares during the period. Institutional investors own 85.98% of the company’s stock.

Huntington Ingalls Industries, Inc. (NYSE:HII) opened at 213.16 on Friday. Huntington Ingalls Industries, Inc. has a 1-year low of $146.52 and a 1-year high of $220.68. The firm has a 50-day moving average price of $200.03 and a 200 day moving average price of $200.82. The company has a market capitalization of $9.68 billion, a P/E ratio of 17.42 and a beta of 1.18.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $3.21 EPS for the quarter, beating the 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 for the quarter, compared to analyst estimates of $1.79 billion. During the same period last year, the company earned $2.32 earnings per share. Huntington Ingalls Industries’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities analysts predict that Huntington Ingalls Industries, Inc. will post $11.56 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 25th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.13%. The ex-dividend date is Wednesday, August 23rd. Huntington Ingalls Industries’s payout ratio is currently 19.61%.

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HII has been the subject of a number of recent research reports. BidaskClub upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. 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 research note on Monday, July 17th. Cowen and Company reiterated a “hold” rating and set a $210.00 price objective on shares of Huntington Ingalls Industries in a research note on Thursday, May 4th. Credit Suisse Group cut their price objective on Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating for the company in a research note on Monday, May 15th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $240.00 price objective (up from $230.00) on shares of Huntington Ingalls Industries in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $205.00.

In other news, VP D R. Wyatt sold 850 shares of Huntington Ingalls Industries stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $197.60, for a total value of $167,960.00. Following the sale, the vice president now directly owns 20,740 shares of the company’s stock, valued at $4,098,224. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher D. Kastner purchased 4,183 shares of the stock in a transaction dated Wednesday, May 24th. The stock was purchased at an average cost of $189.40 per share, for a total transaction of $792,260.20. Following the completion of the purchase, the vice president now directly owns 39,464 shares of the company’s stock, valued at $7,474,481.60. The disclosure for this purchase can be found here. Over the last three months, insiders sold 4,764 shares of company stock worth $930,588. 2.22% of the stock is owned by corporate insiders.

About Huntington Ingalls Industries

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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