Cibc World Market Inc. Buys 990 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Cibc World Market Inc. boosted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HIIGet Rating) by 26.5% during the second quarter, Holdings Channel.com reports. The fund owned 4,729 shares of the aerospace company’s stock after buying an additional 990 shares during the quarter. Cibc World Market Inc.’s holdings in Huntington Ingalls Industries were worth $1,030,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Global Trust Asset Management LLC increased its stake in Huntington Ingalls Industries by 3.9% in the 2nd quarter. Global Trust Asset Management LLC now owns 1,317 shares of the aerospace company’s stock worth $287,000 after acquiring an additional 50 shares during the last quarter. Rosenberg Matthew Hamilton increased its stake in Huntington Ingalls Industries by 10.5% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company’s stock worth $116,000 after acquiring an additional 50 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Huntington Ingalls Industries by 2.0% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,522 shares of the aerospace company’s stock worth $549,000 after acquiring an additional 50 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Huntington Ingalls Industries by 15.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 407 shares of the aerospace company’s stock worth $82,000 after acquiring an additional 53 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in Huntington Ingalls Industries by 1.1% in the 1st quarter. Mutual of America Capital Management LLC now owns 5,283 shares of the aerospace company’s stock worth $1,054,000 after acquiring an additional 55 shares during the last quarter. 89.24% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Trading Up 1.5 %

Shares of HII stock opened at $227.31 on Monday. The stock has a market capitalization of $9.07 billion, a PE ratio of 15.82 and a beta of 0.67. Huntington Ingalls Industries, Inc. has a 1-year low of $175.50 and a 1-year high of $260.02. The business has a 50-day moving average of $236.02 and a 200 day moving average of $223.51. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.97 and a quick ratio of 0.91.

Huntington Ingalls Industries (NYSE:HIIGet Rating) last issued its earnings results on Thursday, November 3rd. The aerospace company reported $3.44 earnings per share for the quarter, missing the consensus estimate of $3.54 by ($0.10). The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.69 billion. Huntington Ingalls Industries had a net margin of 5.46% and a return on equity of 19.81%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.65 earnings per share. As a group, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 15.01 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Friday, November 25th will be issued a dividend of $1.24 per share. The ex-dividend date of this dividend is Wednesday, November 23rd. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.18. This represents a $4.96 annualized dividend and a yield of 2.18%. Huntington Ingalls Industries’s dividend payout ratio is currently 32.85%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HII. JPMorgan Chase & Co. decreased their target price on Huntington Ingalls Industries from $258.00 to $250.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 15th. Credit Suisse Group upped their price objective on Huntington Ingalls Industries from $245.00 to $259.00 and gave the stock a “neutral” rating in a report on Friday, November 4th. StockNews.com assumed coverage on Huntington Ingalls Industries in a report on Wednesday, October 12th. They issued a “buy” rating for the company. Sanford C. Bernstein upped their price objective on Huntington Ingalls Industries from $217.00 to $235.00 in a report on Tuesday, August 9th. Finally, Bank of America cut Huntington Ingalls Industries from a “neutral” rating to an “underperform” rating and set a $230.00 price objective for the company. in a report on Friday, November 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of “Moderate Buy” and an average price target of $259.88.

Huntington Ingalls Industries Profile

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Huntington Ingalls Industries, Inc engages in designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. 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.

Further Reading

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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