State of Wisconsin Investment Board raised its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 28.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 40,924 shares of the aerospace company’s stock after buying an additional 9,100 shares during the period. State of Wisconsin Investment Board owned 0.09% of Huntington Ingalls Industries worth $7,618,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HII. Advisor Partners LLC boosted its position in shares of Huntington Ingalls Industries by 0.3% in the second quarter. Advisor Partners LLC now owns 1,391 shares of the aerospace company’s stock valued at $259,000 after buying an additional 4 shares in the last quarter. Somerset Trust Co raised its stake in Huntington Ingalls Industries by 1.0% in the second quarter. Somerset Trust Co now owns 2,833 shares of the aerospace company’s stock valued at $528,000 after buying an additional 27 shares in the last quarter. Capital One National Association raised its stake in Huntington Ingalls Industries by 0.4% in the first quarter. Capital One National Association now owns 7,465 shares of the aerospace company’s stock valued at $1,495,000 after buying an additional 30 shares in the last quarter. TD Asset Management Inc. raised its stake in Huntington Ingalls Industries by 1.5% in the first quarter. TD Asset Management Inc. now owns 2,790 shares of the aerospace company’s stock valued at $559,000 after buying an additional 40 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in Huntington Ingalls Industries by 6.3% in the first quarter. Van ECK Associates Corp now owns 673 shares of the aerospace company’s stock valued at $135,000 after buying an additional 40 shares in the last quarter. 85.46% of the stock is currently owned by institutional investors.

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) opened at 208.94 on Monday. Huntington Ingalls Industries, Inc. has a 12 month low of $146.52 and a 12 month high of $220.68. 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 has a 50-day moving average of $205.47 and a 200-day moving average of $201.85.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.59. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Huntington Ingalls Industries had a net margin of 7.93% and a return on equity of 31.12%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.32 earnings per share. On average, analysts anticipate that Huntington Ingalls Industries, Inc. will post $11.54 EPS for the current 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 $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, August 23rd. Huntington Ingalls Industries’s dividend payout ratio is presently 19.61%.

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Several analysts recently issued reports on the stock. BidaskClub lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Zacks Investment Research lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 8th. Cowen and Company reiterated a “hold” rating and set a $210.00 price target on shares of Huntington Ingalls Industries in a research report on Tuesday, August 22nd. Credit Suisse Group reduced their price target on shares of Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating on the stock in a research report on Monday, May 15th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $240.00 price target (up previously from $230.00) on shares of Huntington Ingalls Industries in a research report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Huntington Ingalls Industries presently has an average rating of “Hold” and an average target price of $205.00.

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 800 shares of the business’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $214.83, for a total transaction of $171,864.00. Following 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jennifer R. Boykin sold 2,362 shares of the business’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $196.00, for a total transaction of $462,952.00. Following the transaction, the vice president now owns 6,425 shares in the company, valued at approximately $1,259,300. The disclosure for this sale can be found here. Insiders sold 7,699 shares of company stock worth $1,576,565 in the last 90 days. 2.22% of the stock is currently owned by company 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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