AGF Management Ltd. Buys 1,054 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

AGF Management Ltd. grew its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,397 shares of the aerospace company’s stock after purchasing an additional 1,054 shares during the period. AGF Management Ltd. owned approximately 0.11% of Huntington Ingalls Industries worth $10,332,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of Huntington Ingalls Industries by 0.8% in the 1st quarter. BlackRock Inc. now owns 3,915,794 shares of the aerospace company’s stock worth $810,648,000 after acquiring an additional 30,355 shares in the last quarter. State Street Corp boosted its holdings in shares of Huntington Ingalls Industries by 2.0% in the 1st quarter. State Street Corp now owns 2,958,318 shares of the aerospace company’s stock worth $612,431,000 after acquiring an additional 58,521 shares in the last quarter. FMR LLC boosted its holdings in shares of Huntington Ingalls Industries by 5.2% in the 1st quarter. FMR LLC now owns 2,067,311 shares of the aerospace company’s stock worth $427,975,000 after acquiring an additional 101,598 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Huntington Ingalls Industries by 133.8% in the 4th quarter. Morgan Stanley now owns 1,285,139 shares of the aerospace company’s stock worth $296,456,000 after acquiring an additional 735,356 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Huntington Ingalls Industries by 0.9% in the 1st quarter. Geode Capital Management LLC now owns 880,599 shares of the aerospace company’s stock worth $181,911,000 after acquiring an additional 7,798 shares in the last quarter. 89.18% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Performance

HII stock opened at $235.92 on Wednesday. The business’s fifty day moving average is $215.63 and its 200-day moving average is $216.51. The company has a quick ratio of 0.85, a current ratio of 0.92 and a debt-to-equity ratio of 0.59. The company has a market cap of $9.37 billion, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 2.00 and a beta of 0.60. Huntington Ingalls Industries, Inc. has a twelve month low of $188.51 and a twelve month high of $241.72.

Huntington Ingalls Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be paid a $1.30 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.20%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.24. Huntington Ingalls Industries’s dividend payout ratio is 37.38%.

Insider Activity

In other news, VP D R. Wyatt sold 320 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $228.53, for a total value of $73,129.60. Following the transaction, the vice president now owns 20,000 shares of the company’s stock, valued at approximately $4,570,600. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Chad N. Boudreaux sold 1,612 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $217.38, for a total value of $350,416.56. Following the completion of the sale, the vice president now owns 15,210 shares in the company, valued at approximately $3,306,349.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP D R. Wyatt sold 320 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $228.53, for a total transaction of $73,129.60. Following the completion of the sale, the vice president now owns 20,000 shares of the company’s stock, valued at approximately $4,570,600. The disclosure for this sale can be found here. Insiders have sold a total of 3,302 shares of company stock valued at $727,686 in the last 90 days. 2.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on HII shares. StockNews.com raised Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, November 6th. JPMorgan Chase & Co. raised Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $250.00 to $247.00 in a report on Thursday, September 28th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Huntington Ingalls Industries in a report on Wednesday, September 27th. They set a “hold” rating and a $217.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $231.67.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc engages in designing, building, overhauling, and repairing 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.