MQS Management LLC Invests $419,000 in Huntington Ingalls Industries, Inc. (NYSE:HII)

MQS Management LLC purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,700 shares of the aerospace company’s stock, valued at approximately $419,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HII. Principal Securities Inc. acquired a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth approximately $76,000. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Huntington Ingalls Industries by 56.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,860 shares of the aerospace company’s stock valued at $483,000 after buying an additional 672 shares during the period. Avantax Advisory Services Inc. acquired a new stake in shares of Huntington Ingalls Industries during the 4th quarter valued at $317,000. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Huntington Ingalls Industries by 4.9% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,621 shares of the aerospace company’s stock valued at $681,000 after acquiring an additional 123 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Huntington Ingalls Industries by 4.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,492 shares of the aerospace company’s stock worth $1,426,000 after acquiring an additional 231 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of HII stock opened at $268.03 on Friday. The stock’s fifty day simple moving average is $267.92 and its 200 day simple moving average is $266.15. Huntington Ingalls Industries, Inc. has a one year low of $199.11 and a one year high of $299.50. The firm has a market cap of $10.57 billion, a price-to-earnings ratio of 15.11, a P/E/G ratio of 2.24 and a beta of 0.52. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.82 and a quick ratio of 0.76.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, August 1st. The aerospace company reported $4.38 EPS for the quarter, topping 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 business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the previous year, the business earned $3.27 EPS. Huntington Ingalls Industries’s revenue was up 6.8% compared to the same quarter last year. On average, analysts expect that Huntington Ingalls Industries, Inc. will post 16.57 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

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. The ex-dividend date was Friday, August 30th. This represents a $5.20 dividend on an annualized basis and a yield of 1.94%. Huntington Ingalls Industries’s payout ratio is 29.31%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $275.50.

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.