Rothschild Asset Management Inc. increased its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 22.7% during the second quarter, Holdings Channel reports. The fund owned 3,466 shares of the aerospace company’s stock after buying an additional 641 shares during the period. Rothschild Asset Management Inc.’s holdings in Huntington Ingalls Industries were worth $645,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Huntington Ingalls Industries by 6,424.3% in the first quarter. BlackRock Inc. now owns 4,452,038 shares of the aerospace company’s stock valued at $891,476,000 after buying an additional 4,383,800 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Huntington Ingalls Industries by 3.9% in the first quarter. Vanguard Group Inc. now owns 4,449,811 shares of the aerospace company’s stock valued at $891,031,000 after buying an additional 166,765 shares during the last quarter. State Street Corp boosted its stake in shares of Huntington Ingalls Industries by 1.6% in the first quarter. State Street Corp now owns 2,909,155 shares of the aerospace company’s stock valued at $582,521,000 after buying an additional 45,253 shares during the last quarter. FMR LLC boosted its stake in shares of Huntington Ingalls Industries by 2.3% in the first quarter. FMR LLC now owns 2,767,092 shares of the aerospace company’s stock valued at $554,082,000 after buying an additional 62,820 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Huntington Ingalls Industries by 7.5% in the first quarter. AQR Capital Management LLC now owns 1,778,952 shares of the aerospace company’s stock valued at $356,217,000 after buying an additional 124,237 shares during the last quarter. Institutional investors and hedge funds own 85.98% of the company’s stock.

Shares of Huntington Ingalls Industries, Inc. (NYSE HII) opened at 213.08 on Friday. Huntington Ingalls Industries, Inc. has a 1-year low of $146.52 and a 1-year high of $220.68. The firm has a 50-day moving average price of $199.24 and a 200-day moving average price of $200.68. The firm has a market capitalization of $9.68 billion, a PE ratio of 17.41 and a beta of 1.18.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.59. Huntington Ingalls Industries had a net margin of 7.93% and a return on equity of 31.12%. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the prior year, the company earned $2.32 EPS. The firm’s revenue was up 9.3% on a year-over-year basis. On average, analysts forecast that Huntington Ingalls Industries, Inc. will post $11.46 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.13%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 19.61%.

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Several analysts have recently issued reports on HII shares. BidaskClub upgraded 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 on the stock in a research note on Monday, July 17th. Cowen and Company reiterated a “hold” rating and issued a $210.00 price objective on shares of Huntington Ingalls Industries in a research note on Thursday, May 4th. Credit Suisse Group reduced their price objective on Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating on the stock in a research note on Monday, May 15th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $240.00 price objective (up from $230.00) on shares of Huntington Ingalls Industries in a research note on Wednesday. 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. The company presently has a consensus rating of “Hold” and a consensus target price of $205.00.

In other news, VP Christopher D. Kastner acquired 4,183 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were purchased at an average price of $189.40 per share, for a total transaction of $792,260.20. Following the acquisition, the vice president now directly owns 39,464 shares of the company’s stock, valued at approximately $7,474,481.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jerri F. Dickseski sold 1,552 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $193.09, for a total transaction of $299,675.68. Following the completion of the transaction, the vice president now owns 34,659 shares in the company, valued at approximately $6,692,306.31. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,764 shares of company stock valued at $930,588. 2.22% of the stock is owned by corporate insiders.

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.

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

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