Commerce Bank bought a new position in shares of Huntington Ingalls Industries Inc. (NYSE:HII) during the second quarter, according to its most recent filing with the SEC. The institutional investor bought 1,362 shares of the company’s stock, valued at approximately $229,000.

Other hedge funds have also made changes to their positions in the company. Herndon Capital Management LLC raised its position in Huntington Ingalls Industries by 6.7% in the second quarter. Herndon Capital Management LLC now owns 830 shares of the company’s stock valued at $139,000 after buying an additional 52 shares in the last quarter. IFP Advisors Inc raised its position in Huntington Ingalls Industries by 189.2% in the first quarter. IFP Advisors Inc now owns 1,128 shares of the company’s stock valued at $155,000 after buying an additional 738 shares in the last quarter. Tompkins Financial Corp raised its position in Huntington Ingalls Industries by 569.0% in the second quarter. Tompkins Financial Corp now owns 970 shares of the company’s stock valued at $163,000 after buying an additional 825 shares in the last quarter. LS Investment Advisors LLC bought a new position in Huntington Ingalls Industries during the second quarter valued at about $193,000. Finally, Ferguson Wellman Capital Management Inc. bought a new position in Huntington Ingalls Industries during the second quarter valued at about $205,000. Hedge funds and other institutional investors own 88.85% of the company’s stock.

Shares of Huntington Ingalls Industries Inc. (NYSE:HII) opened at 156.36 on Friday. The stock’s 50 day moving average is $167.92 and its 200 day moving average is $155.36. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 17.33 and a beta of 1.41. Huntington Ingalls Industries Inc. has a 52-week low of $103.43 and a 52-week high of $177.10.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, August 4th. The company reported $2.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.32. Huntington Ingalls Industries had a return on equity of 30.49% and a net margin of 6.00%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the company earned $1.99 EPS. The business’s revenue was down 2.6% compared to the same quarter last year. On average, equities analysts predict that Huntington Ingalls Industries Inc. will post $10.53 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 26th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Wednesday, August 24th. Huntington Ingalls Industries’s payout ratio is 22.17%.

Several research firms have recently issued reports on HII. Citigroup Inc. lifted their price target on Huntington Ingalls Industries from $180.00 to $191.00 and gave the stock a “buy” rating in a research report on Tuesday, September 6th. Zacks Investment Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Wells Fargo & Co. lowered Huntington Ingalls Industries from an “outperform” rating to a “market perform” rating in a research report on Friday, August 5th. They noted that the move was a valuation call. Deutsche Bank AG reaffirmed a “buy” rating and issued a $190.00 price target (up previously from $167.00) on shares of Huntington Ingalls Industries in a research report on Monday, July 11th. Finally, Stifel Nicolaus lowered Huntington Ingalls Industries from a “hold” rating to a “sell” rating and set a $135.00 price target for the company. in a research report on Tuesday, May 24th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $157.33.

In related news, VP Jerri F. Dickseski sold 750 shares of the firm’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $169.34, for a total transaction of $127,005.00. Following the sale, the vice president now owns 34,670 shares of the company’s stock, valued at $5,871,017.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP D R. Wyatt sold 800 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $169.00, for a total value of $135,200.00. Following the sale, the vice president now directly owns 20,249 shares in the company, valued at approximately $3,422,081. The disclosure for this sale can be found here. Corporate insiders own 2.76% of the company’s stock.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc (HII) designs, builds, overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Company is the designer, builder and refueler of nuclear powered aircraft carriers, a builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters (NSCs) for the United States Coast Guard.

5 Day Chart for NYSE:HII

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