Raymond James & Associates Purchases 5,631 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Raymond James & Associates grew its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 10.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 57,083 shares of the aerospace company’s stock after buying an additional 5,631 shares during the period. Raymond James & Associates owned 0.14% of Huntington Ingalls Industries worth $15,092,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HII. CWM LLC grew its stake in shares of Huntington Ingalls Industries by 142.8% during the third quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock worth $1,388,000 after purchasing an additional 3,088 shares during the period. SteelPeak Wealth LLC acquired a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth about $1,769,000. SG Americas Securities LLC increased its stake in shares of Huntington Ingalls Industries by 950.1% in the 1st quarter. SG Americas Securities LLC now owns 38,454 shares of the aerospace company’s stock valued at $11,208,000 after acquiring an additional 34,792 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Huntington Ingalls Industries by 30.5% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 49,805 shares of the aerospace company’s stock valued at $14,517,000 after acquiring an additional 11,647 shares during the period. Finally, Virtu Financial LLC bought a new position in Huntington Ingalls Industries during the 1st quarter worth approximately $1,821,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $253.83 on Friday. 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 firm has a market cap of $9.96 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 2.25 and a beta of 0.52. Huntington Ingalls Industries, Inc. has a one year low of $213.02 and a one year high of $299.50. The stock’s 50-day moving average is $265.23 and its 200-day moving average is $260.55.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly 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. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the prior year, the firm posted $3.27 EPS. The business’s revenue was up 6.8% on a year-over-year basis. Equities analysts predict that Huntington Ingalls Industries, Inc. will post 16.49 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders 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 yield of 2.05%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 27.59%.

Analyst Ratings Changes

Several brokerages have commented on HII. Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. StockNews.com cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Vertical Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective on the stock. in a report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Huntington Ingalls Industries presently has an average rating of “Hold” and a consensus target price of $290.00.

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.