Bank of New York Mellon Corp lessened its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 626,959 shares of the aerospace company’s stock after selling 16,844 shares during the quarter. Bank of New York Mellon Corp owned 1.38% of Huntington Ingalls Industries worth $141,968,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Huntington Ingalls Industries by 2.7% in the second quarter. BlackRock Inc. now owns 4,572,209 shares of the aerospace company’s stock valued at $851,165,000 after buying an additional 120,171 shares during the period. State Street Corp lifted its position in shares of Huntington Ingalls Industries by 0.4% in the second quarter. State Street Corp now owns 2,921,169 shares of the aerospace company’s stock worth $543,803,000 after purchasing an additional 12,014 shares in the last quarter. FMR LLC lifted its position in shares of Huntington Ingalls Industries by 4.1% in the second quarter. FMR LLC now owns 2,881,190 shares of the aerospace company’s stock worth $536,363,000 after purchasing an additional 114,098 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Huntington Ingalls Industries by 6.1% in the second quarter. Goldman Sachs Group Inc. now owns 928,427 shares of the aerospace company’s stock worth $172,836,000 after purchasing an additional 53,288 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Huntington Ingalls Industries by 6.9% in the second quarter. Wells Fargo & Company MN now owns 732,828 shares of the aerospace company’s stock worth $136,423,000 after purchasing an additional 47,379 shares in the last quarter. Institutional investors own 84.87% of the company’s stock.

In related news, VP D R. Wyatt sold 800 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $240.33, for a total value of $192,264.00. Following the completion of the transaction, the vice president now owns 19,065 shares in the company, valued at approximately $4,581,891.45. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.22% of the stock is owned by company insiders.

A number of analysts have recently commented on HII shares. BidaskClub raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Deutsche Bank AG reissued a “buy” rating and issued a $240.00 price objective (up previously from $230.00) on shares of Huntington Ingalls Industries in a research report on Wednesday, August 9th. Cowen and Company reissued a “hold” rating and issued a $210.00 price objective on shares of Huntington Ingalls Industries in a research report on Tuesday, August 22nd. ValuEngine raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $233.00 price objective (up previously from $224.00) on shares of Huntington Ingalls Industries in a research report on Monday, October 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $222.57.

Huntington Ingalls Industries, Inc. (HII) opened at $236.64 on Wednesday. The stock has a market cap of $10,606.98, a P/E ratio of 19.50, a P/E/G ratio of 1.30 and a beta of 1.19. Huntington Ingalls Industries, Inc. has a fifty-two week low of $174.07 and a fifty-two week high of $253.44. The company has a quick ratio of 1.38, a current ratio of 1.52 and a debt-to-equity ratio of 0.75.

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

Huntington Ingalls Industries declared that its board has initiated a stock repurchase program on Tuesday, November 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $0.60. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 18.13%.

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About Huntington Ingalls Industries

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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