Boston Partners Has $128.20 Million Stake in Huntington Ingalls Industries, Inc. (HII)

Boston Partners increased its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 688,629 shares of the aerospace company’s stock after buying an additional 3,973 shares during the period. Boston Partners’ holdings in Huntington Ingalls Industries were worth $128,196,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in HII. Tower Research Capital LLC TRC boosted its position in shares of Huntington Ingalls Industries by 25.0% in the first quarter. Tower Research Capital LLC TRC now owns 500 shares of the aerospace company’s stock worth $100,000 after buying an additional 100 shares during the period. Huntington National Bank boosted its position in shares of Huntington Ingalls Industries by 112.9% in the first quarter. Huntington National Bank now owns 511 shares of the aerospace company’s stock worth $102,000 after buying an additional 271 shares during the period. Toronto Dominion Bank boosted its position in shares of Huntington Ingalls Industries by 30.6% in the first quarter. Toronto Dominion Bank now owns 529 shares of the aerospace company’s stock worth $106,000 after buying an additional 124 shares during the period. Israel Discount Bank of New York bought a new position in shares of Huntington Ingalls Industries during the first quarter worth approximately $115,000. Finally, Global X Management Co. LLC bought a new position in shares of Huntington Ingalls Industries during the second quarter worth approximately $125,000. 85.98% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries, Inc. (HII) opened at 213.16 on Friday. The stock has a market capitalization of $9.68 billion, a PE ratio of 17.42 and a beta of 1.18. Huntington Ingalls Industries, Inc. has a 1-year low of $146.52 and a 1-year high of $220.68. The stock’s 50 day moving average price is $200.03 and its 200 day moving average price is $200.82.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share for the quarter, topping 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 firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the prior year, the business posted $2.32 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities research analysts predict that Huntington Ingalls Industries, Inc. will post $11.56 earnings per share for the current fiscal year.

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

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A number of brokerages have commented on HII. BidaskClub raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Deutsche Bank AG reaffirmed a “buy” rating and issued a $240.00 price target (up from $230.00) on shares of Huntington Ingalls Industries in a research note on Wednesday. Zacks Investment Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 price target on the stock in a research note on Monday, July 17th. Credit Suisse Group decreased their price target on Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating on the stock in a research note on Monday, May 15th. Finally, Cowen and Company reissued a “hold” rating and set a $210.00 target price on shares of Huntington Ingalls Industries in a research note on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus price target of $205.00.

In other Huntington Ingalls Industries news, VP Christopher D. Kastner purchased 4,183 shares of Huntington Ingalls Industries stock in a transaction dated Wednesday, May 24th. The shares were purchased at an average cost of $189.40 per share, for a total transaction of $792,260.20. Following the completion of the acquisition, the vice president now owns 39,464 shares in the company, valued at approximately $7,474,481.60. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP D R. Wyatt sold 850 shares of the 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 completion of the sale, the vice president now owns 20,740 shares in the company, valued at $4,098,224. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,764 shares of company stock worth $930,588. Company insiders own 2.22% of the company’s stock.

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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