Canada Pension Plan Investment Board Decreases Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Canada Pension Plan Investment Board reduced its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 67.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,931 shares of the aerospace company’s stock after selling 66,369 shares during the quarter. Canada Pension Plan Investment Board owned about 0.08% of Huntington Ingalls Industries worth $7,866,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Huntington Ingalls Industries in the 2nd quarter worth approximately $26,000. American National Bank bought a new stake in shares of Huntington Ingalls Industries during the first quarter valued at approximately $30,000. Riverview Trust Co bought a new stake in shares of Huntington Ingalls Industries during the first quarter valued at approximately $30,000. Fidelis Capital Partners LLC bought a new stake in shares of Huntington Ingalls Industries during the first quarter valued at approximately $31,000. Finally, Larson Financial Group LLC boosted its position 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 purchasing an additional 65 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Trading Down 4.0 %

Shares of NYSE:HII opened at $257.32 on Wednesday. The stock’s 50-day simple moving average is $268.63 and its two-hundred day simple moving average is $265.16. 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 52-week low of $199.11 and a 52-week high of $299.50. The stock has a market capitalization of $10.15 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 2.24 and a beta of 0.52.

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

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 29.31%.

Analyst Ratings Changes

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