Mercer Global Advisors Inc. ADV Acquires 2,315 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Mercer Global Advisors Inc. ADV lifted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 51.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,808 shares of the aerospace company’s stock after buying an additional 2,315 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Huntington Ingalls Industries were worth $1,677,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in Huntington Ingalls Industries by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 502,442 shares of the aerospace company’s stock worth $123,771,000 after acquiring an additional 13,439 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its position in shares of Huntington Ingalls Industries by 17.1% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 446,017 shares of the aerospace company’s stock valued at $109,867,000 after purchasing an additional 65,083 shares during the last quarter. Inspire Advisors LLC raised its holdings in Huntington Ingalls Industries by 110.7% during the 2nd quarter. Inspire Advisors LLC now owns 1,797 shares of the aerospace company’s stock valued at $443,000 after buying an additional 944 shares during the period. Envestnet Asset Management Inc. lifted its position in Huntington Ingalls Industries by 30.5% in the second quarter. Envestnet Asset Management Inc. now owns 124,565 shares of the aerospace company’s stock worth $30,684,000 after buying an additional 29,091 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in Huntington Ingalls Industries by 39.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 9,729 shares of the aerospace company’s stock worth $2,397,000 after buying an additional 2,755 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $268.04 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.41. The stock’s fifty day moving average is $268.83 and its two-hundred day moving average is $265.42. Huntington Ingalls Industries, Inc. has a 52 week low of $199.11 and a 52 week high of $299.50. The company has a market capitalization of $10.57 billion, a PE 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 posted its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 EPS for the quarter, topping analysts’ consensus estimates of $3.61 by $0.77. The firm had revenue of $2.98 billion for 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 business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.27 earnings per share. As a group, analysts expect that Huntington Ingalls Industries, Inc. will post 16.57 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.94%. Huntington Ingalls Industries’s payout ratio is 29.31%.

Analyst Ratings Changes

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

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.