Estabrook Capital Management held its position in Huntington Ingalls Industries, Inc. (NYSE:HII) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,636 shares of the aerospace company’s stock at the close of the second quarter. Estabrook Capital Management’s holdings in Huntington Ingalls Industries were worth $491,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Huntington Ingalls Industries by 6,424.3% during the 1st quarter. BlackRock Inc. now owns 4,452,038 shares of the aerospace company’s stock worth $891,476,000 after acquiring an additional 4,383,800 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Huntington Ingalls Industries by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 4,449,811 shares of the aerospace company’s stock worth $891,031,000 after acquiring an additional 166,765 shares during the period. State Street Corp lifted its holdings in shares of Huntington Ingalls Industries by 1.6% during the 1st quarter. State Street Corp now owns 2,909,155 shares of the aerospace company’s stock worth $582,521,000 after acquiring an additional 45,253 shares during the period. FMR LLC lifted its holdings in shares of Huntington Ingalls Industries by 2.3% during the 1st quarter. FMR LLC now owns 2,767,092 shares of the aerospace company’s stock worth $554,082,000 after acquiring an additional 62,820 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Huntington Ingalls Industries by 7.5% during the 1st quarter. AQR Capital Management LLC now owns 1,778,952 shares of the aerospace company’s stock worth $356,217,000 after acquiring an additional 124,237 shares during the period. 85.46% of the stock is owned by institutional investors.

In related news, VP Jennifer R. Boykin sold 2,362 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $196.00, for a total transaction of $462,952.00. Following the completion of the sale, the vice president now owns 6,425 shares of the company’s stock, valued at $1,259,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William R. Ermatinger sold 2,985 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $215.10, for a total transaction of $642,073.50. Following the sale, the vice president now directly 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 ninety days. 2.22% of the stock is currently owned by company insiders.

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A number of equities analysts have recently commented on HII shares. Zacks Investment Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 price objective for the company in a report on Monday, July 17th. Credit Suisse Group reduced their price objective on shares of Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating for the company in a report on Monday, May 15th. BidaskClub raised shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Deutsche Bank AG reaffirmed a “buy” rating and set a $240.00 price objective (up from $230.00) on shares of Huntington Ingalls Industries in a report on Wednesday, August 9th. Finally, ValuEngine upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus price target of $205.00.

Shares of Huntington Ingalls Industries, Inc. (NYSE HII) traded up 0.24% during midday trading on Friday, hitting $210.43. 225,410 shares of the company were exchanged. The company has a 50-day moving average of $209.32 and a 200 day moving average of $202.36. The company has a market capitalization of $9.55 billion, a P/E ratio of 17.19 and a beta of 1.18. Huntington Ingalls Industries, Inc. has a one year low of $146.52 and a one year high of $220.68.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the prior year, the business posted $2.32 earnings per share. Huntington Ingalls Industries’s revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts expect that Huntington Ingalls Industries, Inc. will post $11.54 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $2.40 annualized dividend and a yield of 1.14%. Huntington Ingalls Industries’s dividend payout ratio is 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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