Huntington Ingalls Industries, Inc. (NYSE:HII) Position Increased by Global Trust Asset Management LLC

Global Trust Asset Management LLC raised its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,549 shares of the aerospace company’s stock after buying an additional 72 shares during the quarter. Global Trust Asset Management LLC’s holdings in Huntington Ingalls Industries were worth $410,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in HII. Atlas Capital Advisors LLC acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at about $174,000. Sunbelt Securities Inc. increased its holdings in shares of Huntington Ingalls Industries by 26.3% in the 1st quarter. Sunbelt Securities Inc. now owns 1,022 shares of the aerospace company’s stock valued at $298,000 after purchasing an additional 213 shares during the period. Capital Insight Partners LLC increased its holdings in shares of Huntington Ingalls Industries by 52.7% in the 1st quarter. Capital Insight Partners LLC now owns 1,738 shares of the aerospace company’s stock valued at $507,000 after purchasing an additional 600 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at about $567,000. Finally, Oak Thistle LLC acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at about $473,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Down 0.5 %

Shares of HII stock opened at $254.70 on Friday. Huntington Ingalls Industries, Inc. has a 12 month low of $213.02 and a 12 month high of $299.50. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $265.56 and its two-hundred day moving average is $260.88. The company has a market cap of $10.04 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 2.25 and a beta of 0.52.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 EPS for the quarter, beating 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 company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last 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 analysts predict that Huntington Ingalls Industries, Inc. will post 16.56 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. StockNews.com downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Wednesday. Wolfe Research downgraded Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $280.00 to $285.00 in a report on Monday, September 9th. Finally, Vertical Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective on the stock. in a report on Thursday, October 10th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.