9,331 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Purchased by Semmax Financial Advisors Inc.

Semmax Financial Advisors Inc. purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 9,331 shares of the aerospace company’s stock, valued at approximately $2,452,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gulf International Bank UK Ltd lifted its holdings in Huntington Ingalls Industries by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 3,284 shares of the aerospace company’s stock worth $957,000 after purchasing an additional 42 shares during the period. Ballentine Partners LLC raised its holdings in Huntington Ingalls Industries by 1.6% during the second quarter. Ballentine Partners LLC now owns 2,625 shares of the aerospace company’s stock valued at $647,000 after buying an additional 42 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Huntington Ingalls Industries by 16.4% in the second quarter. GAMMA Investing LLC now owns 320 shares of the aerospace company’s stock worth $79,000 after buying an additional 45 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Huntington Ingalls Industries by 5.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 871 shares of the aerospace company’s stock valued at $226,000 after acquiring an additional 47 shares during the period. Finally, Hilltop National Bank boosted its stake in Huntington Ingalls Industries by 15.1% during the 2nd quarter. Hilltop National Bank now owns 359 shares of the aerospace company’s stock valued at $88,000 after purchasing an additional 47 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their price target 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $275.50.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $268.04 on Tuesday. Huntington Ingalls Industries, Inc. has a one year low of $199.11 and a one year high of $299.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.82 and a quick ratio of 0.76. The stock’s 50-day moving average is $268.83 and its 200-day moving average is $265.42. The firm has a market cap of $10.57 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 2.24 and a beta of 0.52.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $3.61 by $0.77. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The firm had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter last year, the company posted $3.27 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities analysts predict that Huntington Ingalls Industries, Inc. will post 16.57 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders 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 annualized dividend and a yield of 1.94%. Huntington Ingalls Industries’s dividend payout ratio is presently 29.31%.

Huntington Ingalls Industries 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.