Distillate Capital Partners LLC Makes New $13.56 Million Investment in Huntington Ingalls Industries, Inc. (NYSE:HII)

Distillate Capital Partners LLC bought a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 55,040 shares of the aerospace company’s stock, valued at approximately $13,558,000. Distillate Capital Partners LLC owned approximately 0.14% of Huntington Ingalls Industries at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Janney Montgomery Scott LLC grew its stake in Huntington Ingalls Industries by 4.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,492 shares of the aerospace company’s stock valued at $1,426,000 after purchasing an additional 231 shares during the last quarter. Corient Private Wealth LLC grew its position in shares of Huntington Ingalls Industries by 2.1% in the 4th quarter. Corient Private Wealth LLC now owns 13,659 shares of the aerospace company’s stock worth $3,547,000 after buying an additional 280 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Huntington Ingalls Industries by 165.7% during the 4th quarter. Franklin Resources Inc. now owns 9,755 shares of the aerospace company’s stock worth $2,533,000 after acquiring an additional 6,083 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position 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 last quarter. Finally, TD Asset Management Inc lifted its position in Huntington Ingalls Industries by 745.3% during the fourth quarter. TD Asset Management Inc now owns 100,569 shares of the aerospace company’s stock valued at $26,112,000 after acquiring an additional 88,671 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Huntington Ingalls Industries Stock Up 0.2 %

Huntington Ingalls Industries stock opened at $268.04 on Tuesday. The business’s 50-day simple moving average is $268.83 and its two-hundred day simple moving average is $265.42. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 0.82. The company has a market cap of $10.57 billion, a PE ratio of 15.11, a PEG ratio of 2.24 and a beta of 0.52. Huntington Ingalls Industries, Inc. has a fifty-two week low of $199.11 and a fifty-two week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the prior year, the company earned $3.27 EPS. Huntington Ingalls Industries’s quarterly revenue was up 6.8% on a year-over-year basis. Equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.57 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

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 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 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.