Dimensional Fund Advisors LP Has $123.77 Million Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Dimensional Fund Advisors LP boosted its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 502,442 shares of the aerospace company’s stock after purchasing an additional 13,439 shares during the period. Dimensional Fund Advisors LP owned 1.27% of Huntington Ingalls Industries worth $123,771,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Capital World Investors lifted its holdings in shares of Huntington Ingalls Industries by 0.7% during the fourth quarter. Capital World Investors now owns 2,312,383 shares of the aerospace company’s stock worth $600,387,000 after purchasing an additional 15,798 shares during the period. Van ECK Associates Corp boosted its position 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 purchasing an additional 126,654 shares in the last quarter. Earnest Partners LLC lifted its stake in Huntington Ingalls Industries by 4.0% in the first quarter. Earnest Partners LLC now owns 626,987 shares of the aerospace company’s stock valued at $182,748,000 after buying an additional 24,368 shares during the period. Bank of New York Mellon Corp lifted its stake in Huntington Ingalls Industries by 8.5% in the second quarter. Bank of New York Mellon Corp now owns 521,426 shares of the aerospace company’s stock valued at $128,443,000 after buying an additional 40,942 shares during the period. Finally, American Century Companies Inc. lifted its stake in Huntington Ingalls Industries by 42.1% in the second quarter. American Century Companies Inc. now owns 473,778 shares of the aerospace company’s stock valued at $116,706,000 after buying an additional 140,338 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $280.00 to $285.00 in a research report on Monday, September 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $275.50.

Huntington Ingalls Industries Trading Down 0.2 %

Shares of Huntington Ingalls Industries stock opened at $267.51 on Monday. The stock has a fifty day simple moving average of $268.58 and a 200 day simple moving average of $265.59. Huntington Ingalls Industries, Inc. has a 12-month low of $199.11 and a 12-month high of $299.50. The company has a market capitalization of $10.55 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 2.24 and a beta of 0.52. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (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 the consensus estimate of $2.84 billion. During the same quarter in the prior year, the company posted $3.27 earnings per share. Huntington Ingalls Industries’s revenue was up 6.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.57 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid 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 dividend payout ratio (DPR) is presently 29.31%.

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.