Prudential Financial Inc. increased its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 676,975 shares of the aerospace company’s stock after buying an additional 22,614 shares during the period. Prudential Financial Inc. owned 1.49% of Huntington Ingalls Industries worth $126,026,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. increased 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. increased 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 increased 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 increased 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 increased 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 86.59% of the company’s stock.

Shares of Huntington Ingalls Industries, Inc. (HII) opened at 208.94 on Friday. The firm has a market cap of $9.49 billion, a price-to-earnings ratio of 17.07 and a beta of 1.18. The firm’s 50-day moving average price is $205.47 and its 200-day moving average price is $201.85. Huntington Ingalls Industries, Inc. has a 52 week low of $146.52 and a 52 week high of $220.68.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter last year, the company posted $2.32 earnings per share. Huntington Ingalls Industries’s quarterly revenue was up 9.3% on a year-over-year basis. Equities research analysts expect that Huntington Ingalls Industries, Inc. will post $11.54 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 issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, August 23rd. Huntington Ingalls Industries’s payout ratio is currently 19.61%.

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Several equities research analysts recently commented on HII shares. BidaskClub upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 target price on the stock in a report on Monday, July 17th. Cowen and Company reiterated a “hold” rating and set a $210.00 target price on shares of Huntington Ingalls Industries in a report on Thursday, May 4th. Credit Suisse Group dropped their target price on Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating on the stock in a report on Monday, May 15th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $240.00 target price (up from $230.00) on shares of Huntington Ingalls Industries in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $205.00.

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

Huntington Ingalls Industries Company 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.

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

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