Comerica Bank trimmed its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,729 shares of the aerospace company’s stock after selling 378 shares during the period. Comerica Bank owned approximately 0.08% of Huntington Ingalls Industries worth $8,294,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. DekaBank Deutsche Girozentrale lifted its stake in Huntington Ingalls Industries by 15.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,829 shares of the aerospace company’s stock valued at $1,283,000 after acquiring an additional 775 shares during the period. Sigma Planning Corp purchased a new position in shares of Huntington Ingalls Industries during the 3rd quarter valued at approximately $214,000. Rhumbline Advisers increased its holdings in shares of Huntington Ingalls Industries by 13.0% during the 3rd quarter. Rhumbline Advisers now owns 103,285 shares of the aerospace company’s stock valued at $23,388,000 after purchasing an additional 11,880 shares in the last quarter. Advisor Group Inc. increased its holdings in shares of Huntington Ingalls Industries by 61.5% during the 3rd quarter. Advisor Group Inc. now owns 3,380 shares of the aerospace company’s stock valued at $765,000 after purchasing an additional 1,287 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Huntington Ingalls Industries during the 3rd quarter valued at approximately $3,443,000. Institutional investors and hedge funds own 84.65% of the company’s stock.

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) opened at $232.87 on Friday. Huntington Ingalls Industries, Inc. has a 1-year low of $174.07 and a 1-year high of $253.44. The stock has a market cap of $10,539.93, a price-to-earnings ratio of 19.37, a PEG ratio of 1.29 and a beta of 1.19. The company has a current ratio of 1.52, a quick ratio of 1.38 and a debt-to-equity ratio of 0.75.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.49. Huntington Ingalls Industries had a net margin of 8.31% and a return on equity of 33.37%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the firm earned $2.27 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 12.01 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.72 per share. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.24%. Huntington Ingalls Industries’s dividend payout ratio is presently 18.13%.

Huntington Ingalls Industries declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, November 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the aerospace company to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

In other news, VP D R. Wyatt sold 800 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $240.33, for a total transaction of $192,264.00. Following the completion of the sale, the vice president now owns 19,065 shares of the company’s stock, valued at $4,581,891.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.22% of the stock is owned by corporate insiders.

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HII has been the subject of several recent research reports. ValuEngine raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Cowen and Company reissued a “hold” rating and issued a $225.00 price target on shares of Huntington Ingalls Industries in a report on Friday, October 6th. Deutsche Bank AG reissued 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. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $233.00 price target (up previously from $224.00) on shares of Huntington Ingalls Industries in a report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $222.57.

Huntington Ingalls Industries Company 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.

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

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