Meiji Yasuda Life Insurance Co Has $249,000 Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Meiji Yasuda Life Insurance Co lowered its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 68.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,010 shares of the aerospace company’s stock after selling 2,190 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Huntington Ingalls Industries were worth $249,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. grew its position in shares of Huntington Ingalls Industries by 42.1% during the 2nd quarter. American Century Companies Inc. now owns 473,778 shares of the aerospace company’s stock worth $116,706,000 after buying an additional 140,338 shares during the period. Van ECK Associates Corp grew its holdings in Huntington Ingalls Industries by 16.1% in the second quarter. Van ECK Associates Corp now owns 914,410 shares of the aerospace company’s stock worth $225,247,000 after purchasing an additional 126,654 shares during the period. TD Asset Management Inc raised its holdings in shares of Huntington Ingalls Industries by 745.3% during the fourth quarter. TD Asset Management Inc now owns 100,569 shares of the aerospace company’s stock valued at $26,112,000 after purchasing an additional 88,671 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of Huntington Ingalls Industries by 564.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 98,300 shares of the aerospace company’s stock valued at $28,652,000 after buying an additional 83,500 shares during the period. Finally, Epoch Investment Partners Inc. increased its position in Huntington Ingalls Industries by 48.7% in the 4th quarter. Epoch Investment Partners Inc. now owns 250,469 shares of the aerospace company’s stock valued at $65,032,000 after buying an additional 82,028 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Huntington Ingalls Industries Price Performance

HII opened at $269.02 on Thursday. Huntington Ingalls Industries, Inc. has a 1 year low of $199.11 and a 1 year high of $299.50. 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 company has a market capitalization of $10.61 billion, a price-to-earnings ratio of 15.16, a P/E/G ratio of 2.24 and a beta of 0.52. The firm’s fifty day moving average price is $267.47 and its two-hundred day moving average price is $266.13.

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 the consensus estimate of $3.61 by $0.77. The business 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 firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.27 earnings per share. As a group, analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.57 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. Investors of record on Friday, August 30th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Friday, August 30th. Huntington Ingalls Industries’s payout ratio is 29.31%.

About Huntington Ingalls Industries

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.