Franklin Resources Inc. increased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 426,418 shares of the aerospace company’s stock after purchasing an additional 852 shares during the quarter. Franklin Resources Inc. owned 0.94% of Huntington Ingalls Industries worth $79,382,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Eaton Vance Management acquired a new stake in shares of Huntington Ingalls Industries during the second quarter worth about $248,000. AGF Investments Inc. lifted its holdings in shares of Huntington Ingalls Industries by 2.2% during the second quarter. AGF Investments Inc. now owns 139,913 shares of the aerospace company’s stock worth $26,054,000 after purchasing an additional 3,022 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Huntington Ingalls Industries by 3.9% during the second quarter. Schroder Investment Management Group now owns 325,486 shares of the aerospace company’s stock worth $60,286,000 after purchasing an additional 12,300 shares during the period. Old Mutual Global Investors UK Ltd. lifted its holdings in shares of Huntington Ingalls Industries by 33.5% during the second quarter. Old Mutual Global Investors UK Ltd. now owns 180,435 shares of the aerospace company’s stock worth $33,589,000 after purchasing an additional 45,325 shares during the period. Finally, AGF Investments America Inc. lifted its holdings in shares of Huntington Ingalls Industries by 3.6% during the second quarter. AGF Investments America Inc. now owns 5,217 shares of the aerospace company’s stock worth $971,000 after purchasing an additional 182 shares during the period. 85.46% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on HII shares. BidaskClub raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 target price for the company in a report on Monday, July 17th. ValuEngine raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Cowen and Company reaffirmed a “hold” rating and set a $210.00 target price on shares of Huntington Ingalls Industries in a report on Tuesday, August 22nd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $240.00 target price (up previously from $230.00) on shares of Huntington Ingalls Industries in a report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Huntington Ingalls Industries has a consensus rating of “Hold” and an average target price of $205.00.

Huntington Ingalls Industries, Inc. (NYSE:HII) opened at 213.56 on Wednesday. The firm has a 50-day moving average price of $209.62 and a 200-day moving average price of $202.18. The firm has a market capitalization of $9.70 billion, a P/E ratio of 17.45 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 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 company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period last year, the firm earned $2.32 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities analysts anticipate that Huntington Ingalls Industries, Inc. will post $11.54 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were given a dividend of $0.60 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.12%. Huntington Ingalls Industries’s payout ratio is 19.61%.

In other Huntington Ingalls Industries news, VP William R. Ermatinger sold 2,985 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $215.10, for a total transaction of $642,073.50. Following the completion of the sale, the vice president now directly owns 32,810 shares of the company’s stock, valued at approximately $7,057,431. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jennifer R. Boykin sold 2,362 shares of the stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $196.00, for a total value of $462,952.00. Following the sale, the vice president now directly owns 6,425 shares of the company’s stock, valued at $1,259,300. The disclosure for this sale can be found here. Insiders have sold a total of 7,699 shares of company stock valued at $1,576,565 over the last ninety days. 2.22% of the stock is owned by insiders.

ILLEGAL ACTIVITY WARNING: This piece of content was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of US & international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/09/13/franklin-resources-inc-grows-position-in-huntington-ingalls-industries-inc-hii.html.

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.

Want to see what other hedge funds are holding HII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Ingalls Industries, Inc. (NYSE:HII).

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

Receive News & Stock Ratings for Huntington Ingalls Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Ingalls Industries Inc. and related stocks with our FREE daily email newsletter.