Amalgamated Bank Has $3.17 Million Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Amalgamated Bank lessened its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,853 shares of the aerospace company’s stock after selling 629 shares during the period. Amalgamated Bank’s holdings in Huntington Ingalls Industries were worth $3,166,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HII. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Huntington Ingalls Industries in the second quarter valued at approximately $26,000. American National Bank bought a new stake in Huntington Ingalls Industries during the 1st quarter worth approximately $30,000. Riverview Trust Co acquired a new position in Huntington Ingalls Industries in the 1st quarter valued at approximately $30,000. Fidelis Capital Partners LLC acquired a new position in Huntington Ingalls Industries in the 1st quarter valued at approximately $31,000. Finally, Larson Financial Group LLC raised its stake in shares of Huntington Ingalls Industries by 158.5% during the first quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 65 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $280.00 to $285.00 in a report 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, Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average target price of $275.50.

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $268.04 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 0.82. Huntington Ingalls Industries, Inc. has a fifty-two week low of $199.11 and a fifty-two week high of $299.50. The company has a 50 day simple moving average of $268.83 and a two-hundred day simple moving average of $265.42. The company has a market capitalization of $10.57 billion, a PE ratio of 15.11, a P/E/G ratio of 2.24 and a beta of 0.52.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results 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 business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.84 billion. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. Huntington Ingalls Industries’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.27 earnings per share. Research analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.57 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $1.30 per share. 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 payout ratio is 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.