Nomura Holdings Inc. raised its holdings in Huntington Ingalls Industries Inc (NYSE:HII) by 78.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,047 shares of the aerospace company’s stock after acquiring an additional 3,968 shares during the quarter. Nomura Holdings Inc.’s holdings in Huntington Ingalls Industries were worth $1,961,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. First Command Bank purchased a new position in shares of Huntington Ingalls Industries in the second quarter valued at $101,000. First Command Financial Services Inc. purchased a new position in shares of Huntington Ingalls Industries in the second quarter valued at $101,000. Piedmont Investment Advisors LLC purchased a new position in shares of Huntington Ingalls Industries in the second quarter valued at $110,000. Moneta Group Investment Advisors LLC increased its position in shares of Huntington Ingalls Industries by 1,392.5% in the second quarter. Moneta Group Investment Advisors LLC now owns 597 shares of the aerospace company’s stock valued at $129,000 after buying an additional 557 shares in the last quarter. Finally, Cerebellum GP LLC purchased a new position in shares of Huntington Ingalls Industries in the second quarter valued at $181,000. 85.60% of the stock is owned by institutional investors.

A number of research analysts have recently weighed in on HII shares. Buckingham Research started coverage on Huntington Ingalls Industries in a research report on Wednesday, September 12th. They issued a “buy” rating and a $297.00 price target for the company. Cowen restated a “buy” rating and issued a $250.00 price target on shares of Huntington Ingalls Industries in a research report on Thursday, August 2nd. Vertical Research started coverage on Huntington Ingalls Industries in a research report on Tuesday, June 26th. They issued a “buy” rating for the company. UBS Group started coverage on Huntington Ingalls Industries in a research report on Wednesday, August 15th. They issued a “buy” rating and a $290.00 price target for the company. Finally, Zacks Investment Research upgraded Huntington Ingalls Industries from a “sell” rating to a “hold” rating and set a $262.00 price target for the company in a research report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $270.55.

In related news, VP Jerri F. Dickseski sold 270 shares of Huntington Ingalls Industries stock in a transaction dated Tuesday, July 10th. The stock was sold at an average price of $225.00, for a total transaction of $60,750.00. Following the completion of the sale, the vice president now owns 35,291 shares in the company, valued at approximately $7,940,475. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.22% of the company’s stock.

Huntington Ingalls Industries stock opened at $255.71 on Friday. The stock has a market cap of $10.83 billion, a P/E ratio of 21.06, a P/E/G ratio of 0.97 and a beta of 1.00. Huntington Ingalls Industries Inc has a 52 week low of $201.91 and a 52 week high of $276.69. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.43 and a quick ratio of 1.31.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, August 2nd. The aerospace company reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $1.19. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Huntington Ingalls Industries had a return on equity of 39.78% and a net margin of 7.84%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.21 EPS. sell-side analysts forecast that Huntington Ingalls Industries Inc will post 17.24 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 31st were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Thursday, August 30th. Huntington Ingalls Industries’s dividend payout ratio is presently 23.72%.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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

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