UBS Asset Management Americas Inc. grew its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 8.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,170 shares of the aerospace company’s stock after buying an additional 8,690 shares during the quarter. UBS Asset Management Americas Inc. owned 0.24% of Huntington Ingalls Industries worth $19,951,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. TD Asset Management Inc. increased its holdings in shares of 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 worth $559,000 after buying an additional 40 shares during the period. KBC Group NV lifted its stake in shares of Huntington Ingalls Industries by 12.6% in the 1st quarter. KBC Group NV now owns 6,177 shares of the aerospace company’s stock valued at $1,237,000 after acquiring an additional 692 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Huntington Ingalls Industries in the 1st quarter valued at about $300,000. O Shaughnessy Asset Management LLC lifted its stake in shares of Huntington Ingalls Industries by 4.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 11,305 shares of the aerospace company’s stock valued at $2,264,000 after acquiring an additional 458 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its stake in shares of Huntington Ingalls Industries by 0.8% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 21,490 shares of the aerospace company’s stock valued at $4,303,000 after acquiring an additional 160 shares during the last quarter. 85.45% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries, Inc. (HII) opened at 226.44 on Monday. The company has a market cap of $10.28 billion, a price-to-earnings ratio of 18.50 and a beta of 1.18. The firm’s 50-day moving average price is $211.22 and its 200-day moving average price is $201.95. Huntington Ingalls Industries, Inc. has a 52-week low of $146.52 and a 52-week high of $227.03.

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 Zacks’ consensus estimate of $2.62 by $0.59. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.79 billion. Huntington Ingalls Industries had a net margin of 7.93% and a return on equity of 31.12%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.32 EPS. On average, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post $11.54 EPS for the current year.

The firm also recently announced 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 annualized dividend and a dividend yield of 1.06%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 19.61%.

TRADEMARK VIOLATION NOTICE: This story was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another site, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The original version of this story can be read at https://www.thecerbatgem.com/2017/10/02/ubs-asset-management-americas-inc-has-19-95-million-holdings-in-huntington-ingalls-industries-inc-hii.html.

In other news, VP D R. Wyatt sold 800 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $214.83, for a total value of $171,864.00. Following the sale, the vice president now directly owns 19,865 shares in the company, valued at $4,267,597.95. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 completion of the sale, the vice president now owns 6,425 shares in the company, valued at $1,259,300. The disclosure for this sale can be found here. Insiders have sold 6,147 shares of company stock valued at $1,276,890 in the last 90 days. Company insiders own 2.22% of the company’s stock.

Several equities analysts recently issued reports on the company. BidaskClub upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research 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 price target on the stock in a research note on Monday, July 17th. ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Cowen and Company reiterated a “hold” rating and issued a $210.00 price objective on shares of Huntington Ingalls Industries in a research report on Tuesday, August 22nd. Finally, Deutsche Bank AG reissued a “buy” rating and set a $240.00 price objective (up previously from $230.00) on shares of Huntington Ingalls Industries in a research note on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given 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 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.

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.