1834 Investment Advisors Co. Takes Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

1834 Investment Advisors Co. bought a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,961 shares of the aerospace company’s stock, valued at approximately $483,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital World Investors lifted its stake in shares of Huntington Ingalls Industries by 0.7% in the 4th quarter. Capital World Investors now owns 2,312,383 shares of the aerospace company’s stock valued at $600,387,000 after purchasing an additional 15,798 shares during the period. Van ECK Associates Corp lifted its position in Huntington Ingalls Industries by 15.1% during the first quarter. Van ECK Associates Corp now owns 787,756 shares of the aerospace company’s stock valued at $229,607,000 after buying an additional 103,521 shares during the period. Earnest Partners LLC lifted its position in Huntington Ingalls Industries by 4.0% during the first quarter. Earnest Partners LLC now owns 626,987 shares of the aerospace company’s stock valued at $182,748,000 after buying an additional 24,368 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Huntington Ingalls Industries by 8.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 521,426 shares of the aerospace company’s stock valued at $128,443,000 after buying an additional 40,942 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Huntington Ingalls Industries by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 478,560 shares of the aerospace company’s stock worth $124,251,000 after buying an additional 9,560 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

HII has been the subject of a number of recent research reports. Citigroup initiated coverage on shares of Huntington Ingalls Industries in a research report on Monday, May 20th. They set a “buy” rating and a $310.00 price target for the company. StockNews.com lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $278.00.

Huntington Ingalls Industries Stock Down 0.1 %

Huntington Ingalls Industries stock traded down $0.26 during mid-day trading on Thursday, reaching $279.79. The stock had a trading volume of 5,181 shares, compared to its average volume of 295,550. The company has a market capitalization of $11.03 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 2.28 and a beta of 0.53. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.82 and a quick ratio of 0.89. Huntington Ingalls Industries, Inc. has a one year low of $199.11 and a one year high of $299.50. The company has a 50-day moving average price of $261.13 and a two-hundred day moving average price of $267.86.

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

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $5.20 annualized dividend and a yield of 1.86%. Huntington Ingalls Industries’s dividend payout ratio is 29.31%.

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.