Daiwa Securities Group Inc. lifted its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 19.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,550 shares of the aerospace company’s stock after acquiring an additional 250 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Huntington Ingalls Industries were worth $351,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of HII. Advisor Partners LLC grew its holdings in Huntington Ingalls Industries by 0.3% during the second quarter. Advisor Partners LLC now owns 1,391 shares of the aerospace company’s stock valued at $259,000 after purchasing an additional 4 shares during the period. ProVise Management Group LLC boosted its position in shares of Huntington Ingalls Industries by 1.0% in the 2nd quarter. ProVise Management Group LLC now owns 2,548 shares of the aerospace company’s stock worth $474,000 after purchasing an additional 26 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Huntington Ingalls Industries by 6.8% in the 2nd quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock worth $105,000 after purchasing an additional 36 shares in the last quarter. World Asset Management Inc boosted its position in shares of Huntington Ingalls Industries by 1.7% in the 2nd quarter. World Asset Management Inc now owns 2,588 shares of the aerospace company’s stock worth $482,000 after purchasing an additional 44 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its position in shares of Huntington Ingalls Industries by 0.5% in the 2nd quarter. Gateway Investment Advisers LLC now owns 9,515 shares of the aerospace company’s stock worth $1,771,000 after purchasing an additional 50 shares in the last quarter. 84.65% of the stock is owned by institutional investors.

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In related news, VP D R. Wyatt sold 800 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $240.33, for a total value of $192,264.00. Following the completion of the transaction, the vice president now directly owns 19,065 shares in the company, valued at approximately $4,581,891.45. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.22% of the stock is owned by insiders.

Huntington Ingalls Industries, Inc. (NYSE HII) opened at $237.53 on Wednesday. Huntington Ingalls Industries, Inc. has a 1-year low of $170.15 and a 1-year high of $253.44. The firm has a market cap of $10,825.59, a P/E ratio of 19.90, a P/E/G ratio of 1.33 and a beta of 1.19. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.52 and a quick ratio of 1.38.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.49. Huntington Ingalls Industries had a net margin of 8.31% and a return on equity of 33.37%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the business earned $2.27 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. analysts anticipate that Huntington Ingalls Industries, Inc. will post 11.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be issued a $0.72 dividend. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $0.60. This represents a $2.88 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Wednesday, November 22nd. Huntington Ingalls Industries’s payout ratio is presently 18.13%.

Huntington Ingalls Industries announced that its Board of Directors has authorized a share repurchase plan on Tuesday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.

A number of analysts have recently commented on the company. raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 price target on the stock in a research report on Friday, November 10th. Credit Suisse Group reissued a “neutral” rating and issued a $241.00 price target (up from $211.00) on shares of Huntington Ingalls Industries in a research report on Thursday, November 9th. reissued a “hold” rating and issued a $210.00 price target on shares of Huntington Ingalls Industries in a research report on Tuesday, August 22nd. cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $233.00 price target (up from $224.00) on shares of Huntington Ingalls Industries in a research report on Monday, October 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $222.57.

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.

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

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