Hsbc Holdings PLC Buys 97,646 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Hsbc Holdings PLC increased its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 50.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 289,434 shares of the aerospace company’s stock after acquiring an additional 97,646 shares during the quarter. Hsbc Holdings PLC owned about 0.73% of Huntington Ingalls Industries worth $71,418,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC lifted its position in shares of Huntington Ingalls Industries by 4.9% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 2,621 shares of the aerospace company’s stock worth $681,000 after buying an additional 123 shares in the last quarter. SteelPeak Wealth LLC bought a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at about $1,769,000. UBS Group AG raised its position in Huntington Ingalls Industries by 28.4% during the fourth quarter. UBS Group AG now owns 159,061 shares of the aerospace company’s stock valued at $41,299,000 after purchasing an additional 35,142 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Huntington Ingalls Industries by 950.1% in the 1st quarter. SG Americas Securities LLC now owns 38,454 shares of the aerospace company’s stock worth $11,208,000 after purchasing an additional 34,792 shares during the period. Finally, Prevatt Capital Ltd bought a new position in shares of Huntington Ingalls Industries during the 4th quarter valued at approximately $15,578,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $268.03 on Friday. Huntington Ingalls Industries, Inc. has a fifty-two week low of $199.11 and a fifty-two week high of $299.50. The firm has a market capitalization of $10.57 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 2.24 and a beta of 0.52. The stock’s fifty day moving average is $267.92 and its two-hundred day moving average is $266.15. 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, topping analysts’ consensus estimates 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 firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period last year, the company earned $3.27 EPS. The company’s quarterly revenue was up 6.8% on a year-over-year basis. On average, research analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.57 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $1.30 dividend. The ex-dividend date was Friday, August 30th. This represents a $5.20 annualized dividend and a dividend yield of 1.94%. Huntington Ingalls Industries’s dividend payout ratio is currently 29.31%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.