Brandywine Global Investment Management LLC acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 41,789 shares of the aerospace company’s stock, valued at approximately $7,780,000. Brandywine Global Investment Management LLC owned about 0.09% of Huntington Ingalls Industries at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HII. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Huntington Ingalls Industries by 2.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 147,599 shares of the aerospace company’s stock valued at $27,477,000 after acquiring an additional 3,925 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in Huntington Ingalls Industries during the first quarter worth about $641,000. Israel Discount Bank of New York acquired a new position in Huntington Ingalls Industries during the first quarter worth about $115,000. Wilbanks Smith & Thomas Asset Management LLC raised its position in Huntington Ingalls Industries by 14.1% during the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 1,674 shares of the aerospace company’s stock worth $335,000 after acquiring an additional 207 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Huntington Ingalls Industries by 5.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 151,796 shares of the aerospace company’s stock worth $30,396,000 after acquiring an additional 7,526 shares during the last quarter. 85.45% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have issued reports on HII shares. Deutsche Bank AG reaffirmed a “buy” rating and issued a $240.00 price target (up previously from $230.00) on shares of Huntington Ingalls Industries in a report on Wednesday, August 9th. BidaskClub raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 price objective for the company in a research report on Monday, July 17th. ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Cowen and Company restated a “hold” rating and set a $210.00 price objective on shares of Huntington Ingalls Industries in a research report on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average price target of $205.00.

Shares of Huntington Ingalls Industries, Inc. (NYSE HII) opened at 229.93 on Tuesday. The stock has a market capitalization of $10.44 billion, a P/E ratio of 18.79 and a beta of 1.18. Huntington Ingalls Industries, Inc. has a one year low of $146.52 and a one year high of $230.12. The stock’s 50 day moving average is $213.85 and its 200-day moving average is $202.53.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, August 3rd. The aerospace company reported $3.21 EPS for the quarter, beating the consensus estimate of $2.62 by $0.59. Huntington Ingalls Industries had a return on equity of 31.12% and a net margin of 7.93%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the prior year, the business posted $2.32 earnings per share. Huntington Ingalls Industries’s revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts expect that Huntington Ingalls Industries, Inc. will post $11.54 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were paid a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.04%. Huntington Ingalls Industries’s dividend payout ratio is currently 19.61%.

In other Huntington Ingalls Industries news, VP William R. Ermatinger sold 2,985 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $215.10, for a total transaction of $642,073.50. Following the completion of the sale, the vice president now directly owns 32,810 shares of the company’s stock, valued at $7,057,431. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jennifer R. Boykin sold 2,362 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $196.00, for a total transaction of $462,952.00. Following the sale, the vice president now directly owns 6,425 shares of the company’s stock, valued at $1,259,300. The disclosure for this sale can be found here. Insiders sold a total of 6,147 shares of company stock worth $1,276,890 in the last three months. 2.22% of the stock is currently owned by company insiders.

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Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.

Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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