JPMorgan Chase & Co. Has $80.89 Million Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

JPMorgan Chase & Co. increased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 45.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 305,947 shares of the aerospace company’s stock after buying an additional 95,324 shares during the period. JPMorgan Chase & Co. owned 0.78% of Huntington Ingalls Industries worth $80,886,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Rosenberg Matthew Hamilton raised its holdings in Huntington Ingalls Industries by 8.2% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company’s stock valued at $139,000 after acquiring an additional 40 shares in the last quarter. Oliver Lagore Vanvalin Investment Group lifted its position in Huntington Ingalls Industries by 9.1% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 492 shares of the aerospace company’s stock worth $121,000 after purchasing an additional 41 shares during the period. Ballentine Partners LLC grew its stake in Huntington Ingalls Industries by 1.6% during the second quarter. Ballentine Partners LLC now owns 2,625 shares of the aerospace company’s stock worth $647,000 after buying an additional 42 shares in the last quarter. QRG Capital Management Inc. grew its stake in Huntington Ingalls Industries by 1.4% during the third quarter. QRG Capital Management Inc. now owns 3,553 shares of the aerospace company’s stock worth $939,000 after buying an additional 48 shares in the last quarter. Finally, Inscription Capital LLC increased its stake in Huntington Ingalls Industries by 4.4% in the third quarter. Inscription Capital LLC now owns 1,310 shares of the aerospace company’s stock valued at $346,000 after acquiring an additional 55 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HII. StockNews.com downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Vertical Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price for the company. in a research note on Thursday, October 10th. TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a research note on Friday, November 1st. Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Finally, Bank of America lowered their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Huntington Ingalls Industries currently has a consensus rating of “Hold” and a consensus price target of $228.89.

Huntington Ingalls Industries Stock Performance

Shares of HII opened at $187.61 on Friday. The firm has a market capitalization of $7.34 billion, a P/E ratio of 10.59, a P/E/G ratio of 1.86 and a beta of 0.55. Huntington Ingalls Industries, Inc. has a 52 week low of $184.29 and a 52 week high of $299.50. The stock has a 50 day moving average price of $198.73 and a two-hundred day moving average price of $239.84. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the previous year, the company posted $3.70 earnings per share. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. Equities analysts forecast that Huntington Ingalls Industries, Inc. will post 14.01 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.88%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date was Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is presently 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.