Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Purchased by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lifted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 25.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 308,992 shares of the aerospace company’s stock after purchasing an additional 63,348 shares during the quarter. Epoch Investment Partners Inc. owned about 0.78% of Huntington Ingalls Industries worth $76,114,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HII. SteelPeak Wealth LLC acquired a new stake in Huntington Ingalls Industries during the second quarter worth $1,769,000. UBS Group AG increased its stake 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 worth $41,299,000 after acquiring an additional 35,142 shares during the last quarter. SG Americas Securities LLC increased its stake in Huntington Ingalls Industries by 950.1% during the first quarter. SG Americas Securities LLC now owns 38,454 shares of the aerospace company’s stock worth $11,208,000 after acquiring an additional 34,792 shares during the last quarter. Prevatt Capital Ltd acquired a new stake in Huntington Ingalls Industries during the fourth quarter worth $15,578,000. Finally, Los Angeles Capital Management LLC increased its stake in Huntington Ingalls Industries by 26.0% during the first quarter. Los Angeles Capital Management LLC now owns 20,458 shares of the aerospace company’s stock worth $5,963,000 after acquiring an additional 4,217 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. Three research 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 stock currently has an average rating of “Hold” and a consensus price target of $275.50.

Huntington Ingalls Industries Trading Down 0.2 %

HII opened at $267.51 on Friday. Huntington Ingalls Industries, Inc. has a 52 week low of $199.11 and a 52 week high of $299.50. The business has a fifty day simple moving average of $268.58 and a 200-day simple moving average of $265.78. The firm has a market cap of $10.55 billion, a P/E ratio of 15.08, a P/E/G ratio of 2.24 and a beta of 0.52. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly 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 during the quarter, compared to analyst estimates of $2.84 billion. During the same period last year, the business posted $3.27 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. On average, equities analysts expect 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 announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $1.30 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $5.20 dividend on an annualized basis and a yield of 1.94%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.31%.

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.