JPMorgan Chase & Co. Raises Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

JPMorgan Chase & Co. increased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HIIGet Rating) by 65.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 147,542 shares of the aerospace company’s stock after buying an additional 58,461 shares during the quarter. JPMorgan Chase & Co. owned about 0.37% of Huntington Ingalls Industries worth $29,426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in HII. Steward Partners Investment Advisory LLC lifted its position in Huntington Ingalls Industries by 36.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 809 shares of the aerospace company’s stock worth $151,000 after buying an additional 215 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Huntington Ingalls Industries by 4.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 10,530 shares of the aerospace company’s stock worth $1,967,000 after buying an additional 463 shares during the period. We Are One Seven LLC lifted its position in Huntington Ingalls Industries by 4.2% during the fourth quarter. We Are One Seven LLC now owns 2,587 shares of the aerospace company’s stock worth $483,000 after buying an additional 104 shares during the period. Cooke & Bieler LP lifted its position in Huntington Ingalls Industries by 40.8% during the fourth quarter. Cooke & Bieler LP now owns 553,251 shares of the aerospace company’s stock worth $103,314,000 after buying an additional 160,300 shares during the period. Finally, Twin Tree Management LP purchased a new position in Huntington Ingalls Industries during the fourth quarter worth about $2,748,000. 89.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HII. Sanford C. Bernstein upped their price target on Huntington Ingalls Industries from $217.00 to $235.00 in a research note on Tuesday, August 9th. StockNews.com upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $235.88.

Insider Activity at Huntington Ingalls Industries

In related news, VP Jennifer R. Boykin sold 2,614 shares of the stock in a transaction dated Saturday, June 11th. The stock was sold at an average price of $229.00, for a total value of $598,606.00. Following the completion of the transaction, the vice president now owns 7,447 shares of the company’s stock, valued at $1,705,363. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.16% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Price Performance

HII stock opened at $226.80 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.07 and a current ratio of 1.15. Huntington Ingalls Industries, Inc. has a 1 year low of $175.50 and a 1 year high of $243.46. The firm has a market cap of $9.06 billion, a P/E ratio of 15.60 and a beta of 0.67. The stock has a 50-day simple moving average of $221.12 and a 200-day simple moving average of $211.76.

Huntington Ingalls Industries (NYSE:HIIGet Rating) last posted its earnings results on Thursday, August 4th. The aerospace company reported $4.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $1.01. Huntington Ingalls Industries had a return on equity of 21.73% and a net margin of 5.71%. The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the firm earned $3.20 earnings per share. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. On average, equities analysts predict that Huntington Ingalls Industries, Inc. will post 15.34 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 26th will be issued a $1.18 dividend. This represents a $4.72 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, August 25th. Huntington Ingalls Industries’s dividend payout ratio is currently 32.37%.

Huntington Ingalls Industries Profile

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Huntington Ingalls Industries, Inc engages in 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; expeditionary warfare 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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