Mutual of America Capital Management LLC Has $1.28 Million Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Mutual of America Capital Management LLC lessened its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 4,824 shares of the aerospace company’s stock after selling 144 shares during the period. Mutual of America Capital Management LLC’s holdings in Huntington Ingalls Industries were worth $1,275,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HII. Van ECK Associates Corp grew its stake in shares of Huntington Ingalls Industries by 94.5% during the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock worth $455,222,000 after purchasing an additional 863,800 shares during the period. AQR Capital Management LLC boosted its holdings in Huntington Ingalls Industries by 41.6% during the second quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock worth $180,458,000 after buying an additional 215,362 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth about $47,698,000. American Century Companies Inc. increased its stake in shares of Huntington Ingalls Industries by 42.1% in the 2nd quarter. American Century Companies Inc. now owns 473,778 shares of the aerospace company’s stock valued at $116,706,000 after acquiring an additional 140,338 shares during the last quarter. Finally, Sound Shore Management Inc. CT raised its position in shares of Huntington Ingalls Industries by 50.7% in the 2nd quarter. Sound Shore Management Inc. CT now owns 345,489 shares of the aerospace company’s stock valued at $85,104,000 after acquiring an additional 116,180 shares during the period. Institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 400 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the transaction, the vice president now directly owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a report on Friday, November 1st. StockNews.com lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Bank of America dropped their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 13th. TD Cowen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price for the company. in a research note on Friday, November 1st. Finally, Barclays lowered their price target on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $228.89.

Huntington Ingalls Industries Stock Down 0.0 %

HII stock opened at $198.91 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. The stock has a market capitalization of $7.78 billion, a P/E ratio of 11.23, a P/E/G ratio of 1.85 and a beta of 0.55. Huntington Ingalls Industries, Inc. has a fifty-two week low of $184.29 and a fifty-two week high of $299.50. The business has a 50-day moving average of $237.02 and a 200-day moving average of $251.22.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The company’s revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company earned $3.70 EPS. On average, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.63 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $1.35 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a yield of 2.71%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 30.49%.

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.