Barings LLC continued to hold its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,220 shares of the aerospace company’s stock at the end of the 2nd quarter. Barings LLC’s holdings in Huntington Ingalls Industries were worth $4,049,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Huntington Ingalls Industries by 2.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 147,599 shares of the aerospace company’s stock worth $27,477,000 after acquiring an additional 3,925 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Huntington Ingalls Industries in the first quarter worth approximately $641,000. Israel Discount Bank of New York acquired a new stake in shares of Huntington Ingalls Industries in the first quarter worth approximately $115,000. Wilbanks Smith & Thomas Asset Management LLC boosted its position in shares of Huntington Ingalls Industries by 14.1% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 1,674 shares of the aerospace company’s stock worth $335,000 after acquiring an additional 207 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Huntington Ingalls Industries by 5.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 151,796 shares of the aerospace company’s stock worth $30,396,000 after acquiring an additional 7,526 shares during the last quarter. 85.45% of the stock is currently owned by institutional investors.

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In other Huntington Ingalls Industries news, VP William R. Ermatinger sold 2,985 shares of the company’s 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 owns 32,810 shares of the company’s stock, valued at $7,057,431. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jennifer R. Boykin sold 2,362 shares of the company’s 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 approximately $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 ninety days. Company insiders own 2.22% of the company’s stock.

Huntington Ingalls Industries, Inc. (HII) traded down 0.139% during midday trading on Thursday, hitting $233.815. 35,669 shares of the company traded hands. Huntington Ingalls Industries, Inc. has a 12-month low of $146.52 and a 12-month high of $234.23. The company has a market cap of $10.62 billion, a PE ratio of 19.103 and a beta of 1.18. The stock has a 50 day moving average price of $214.90 and a 200-day moving average price of $202.89.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $3.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.59. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Huntington Ingalls Industries had a return on equity of 31.12% and a net margin of 7.93%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.32 EPS. Analysts expect that Huntington Ingalls Industries, Inc. will post $11.54 EPS for the current year.

The business 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 of this dividend was Wednesday, August 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.03%. Huntington Ingalls Industries’s payout ratio is currently 19.61%.

Several research firms recently issued reports on HII. ValuEngine raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Cowen and Company reissued a “hold” rating and issued a $210.00 target price on shares of Huntington Ingalls Industries in a research report on Tuesday, August 22nd. Deutsche Bank AG reissued a “buy” rating and issued a $240.00 target price (up from $230.00) on shares of Huntington Ingalls Industries in a research report on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 target price on the stock in a research report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $205.00.

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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