Daiwa Securities Group Inc. Grows Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Daiwa Securities Group Inc. raised its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 12.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,393 shares of the aerospace company’s stock after purchasing an additional 482 shares during the period. Daiwa Securities Group Inc.’s holdings in Huntington Ingalls Industries were worth $1,082,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of HII. Van ECK Associates Corp increased its stake in shares of Huntington Ingalls Industries by 16.1% during the 2nd quarter. Van ECK Associates Corp now owns 914,410 shares of the aerospace company’s stock valued at $225,247,000 after acquiring an additional 126,654 shares during the last quarter. TD Asset Management Inc increased its stake in shares of Huntington Ingalls Industries by 745.3% during the 4th quarter. TD Asset Management Inc now owns 100,569 shares of the aerospace company’s stock valued at $26,112,000 after acquiring an additional 88,671 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Huntington Ingalls Industries by 564.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 98,300 shares of the aerospace company’s stock valued at $28,652,000 after acquiring an additional 83,500 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in shares of Huntington Ingalls Industries by 48.7% during the 4th quarter. Epoch Investment Partners Inc. now owns 250,469 shares of the aerospace company’s stock valued at $65,032,000 after acquiring an additional 82,028 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Huntington Ingalls Industries during the 1st quarter valued at about $23,011,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Up 1.3 %

HII opened at $261.55 on Monday. The firm has a 50 day moving average price of $266.56 and a 200 day moving average price of $266.51. The company has a market cap of $10.26 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 2.24 and a beta of 0.52. Huntington Ingalls Industries, Inc. has a 1 year low of $199.11 and a 1 year high of $299.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 0.82.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.77. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the company earned $3.27 earnings per share. Huntington Ingalls Industries’s revenue for the quarter was up 6.8% on a year-over-year basis. Sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 16.57 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 29.31%.

Wall Street Analysts Forecast Growth

HII has been the subject of a number of research analyst reports. JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $280.00 to $285.00 in a research note on Monday, September 9th. 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 target price for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $275.50.

Huntington Ingalls Industries Company Profile

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.