Sei Investments Co. Increases Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Sei Investments Co. raised its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 11.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 362,573 shares of the aerospace company’s stock after buying an additional 35,837 shares during the quarter. Sei Investments Co. owned approximately 0.92% of Huntington Ingalls Industries worth $89,314,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Huntington Ingalls Industries during the 2nd quarter valued at about $26,000. American National Bank acquired a new position in Huntington Ingalls Industries in the 1st quarter valued at about $30,000. Riverview Trust Co acquired a new position in Huntington Ingalls Industries in the 1st quarter valued at about $30,000. Fidelis Capital Partners LLC purchased a new stake in shares of Huntington Ingalls Industries in the 1st quarter valued at approximately $31,000. Finally, Larson Financial Group LLC increased its holdings in shares of Huntington Ingalls Industries by 158.5% during the 1st quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock worth $31,000 after buying an additional 65 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut 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 report on Monday, September 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $275.50.

Huntington Ingalls Industries Trading Down 0.2 %

Shares of HII stock opened at $267.51 on Friday. Huntington Ingalls Industries, Inc. has a 1-year low of $199.11 and a 1-year high of $299.50. The firm has a market cap of $10.55 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 2.24 and a beta of 0.52. The company has a 50-day moving average of $268.58 and a two-hundred day moving average of $265.78. 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 posted its quarterly earnings data on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.77. The firm had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $3.27 EPS. On average, analysts predict that Huntington Ingalls Industries, Inc. will post 16.57 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed 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 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 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.