Dorsey Wright & Associates grew its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,786 shares of the aerospace company’s stock after buying an additional 130 shares during the period. Dorsey Wright & Associates’ holdings in Huntington Ingalls Industries were worth $1,822,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Teachers Advisors LLC lifted its holdings in Huntington Ingalls Industries by 7.8% during the 2nd quarter. Teachers Advisors LLC now owns 145,489 shares of the aerospace company’s stock worth $27,084,000 after purchasing an additional 10,475 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in Huntington Ingalls Industries by 12.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 13,130 shares of the aerospace company’s stock worth $2,444,000 after purchasing an additional 1,460 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Huntington Ingalls Industries by 4.4% during the 2nd quarter. Alliancebernstein L.P. now owns 35,015 shares of the aerospace company’s stock worth $6,518,000 after purchasing an additional 1,470 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Huntington Ingalls Industries by 6.9% during the 2nd 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 during the last quarter. Finally, Eaton Vance Management acquired a new stake in Huntington Ingalls Industries during the 2nd quarter worth approximately $248,000. 85.46% of the stock is owned by institutional investors.

In related news, VP D R. Wyatt sold 800 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $214.83, for a total value of $171,864.00. Following the sale, the vice president now owns 19,865 shares in the company, valued at $4,267,597.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP William R. Ermatinger sold 2,985 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $215.10, for a total value of $642,073.50. Following the completion of the sale, the vice president now owns 32,810 shares in the company, valued at approximately $7,057,431. The disclosure for this sale can be found here. Insiders sold 7,699 shares of company stock worth $1,576,565 in the last quarter. 2.22% of the stock is currently owned by company insiders.

Several research firms recently weighed in on HII. ValuEngine raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Cowen and Company reissued a “hold” rating and set a $210.00 price target on shares of Huntington Ingalls Industries in a report on Tuesday, August 22nd. Deutsche Bank AG reissued a “buy” rating and set a $240.00 price target (up from $230.00) on shares of Huntington Ingalls Industries in a report on Wednesday, August 9th. Finally, Zacks Investment Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 price target for the company in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $205.00.

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Shares of Huntington Ingalls Industries, Inc. (HII) traded down 1.20% during trading on Wednesday, reaching $211.00. The company’s stock had a trading volume of 30,645 shares. Huntington Ingalls Industries, Inc. has a 52-week low of $146.52 and a 52-week high of $220.68. The stock has a market cap of $9.58 billion, a P/E ratio of 17.24 and a beta of 1.18. The stock has a 50-day moving average of $209.62 and a 200-day moving average of $202.18.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the business posted $2.32 earnings per share. The business’s quarterly revenue was up 9.3% on a year-over-year basis. Analysts predict that Huntington Ingalls Industries, Inc. will post $11.54 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were given a $0.60 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.12%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 19.61%.

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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