Strs Ohio grew its stake in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 25.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,278 shares of the aerospace company’s stock after buying an additional 881 shares during the period. Strs Ohio’s holdings in Huntington Ingalls Industries were worth $961,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Asahi Life Asset Management CO. LTD. purchased a new position in Huntington Ingalls Industries during the first quarter worth $416,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Huntington Ingalls Industries during the first quarter worth $922,000. Raymond James & Associates increased its position in Huntington Ingalls Industries by 13.7% during the first quarter. Raymond James & Associates now owns 48,379 shares of the aerospace company’s stock worth $10,024,000 after buying an additional 5,838 shares in the last quarter. Stanley Laman Group Ltd. purchased a new position in Huntington Ingalls Industries during the first quarter worth $260,000. Finally, JPMorgan Chase & Co. increased its position in Huntington Ingalls Industries by 67.1% during the first quarter. JPMorgan Chase & Co. now owns 131,264 shares of the aerospace company’s stock worth $27,199,000 after buying an additional 52,699 shares in the last quarter. 85.78% of the stock is owned by institutional investors.

In related news, VP Nicolas G. Schuck sold 500 shares of Huntington Ingalls Industries stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $204.46, for a total value of $102,230.00. Following the transaction, the vice president now owns 2,640 shares in the company, valued at $539,774.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jerri F. Dickseski sold 1,874 shares of Huntington Ingalls Industries stock in a transaction on Monday, July 8th. The shares were sold at an average price of $228.68, for a total value of $428,546.32. Following the completion of the transaction, the vice president now owns 34,033 shares in the company, valued at approximately $7,782,666.44. The disclosure for this sale can be found here. Insiders have sold 4,237 shares of company stock worth $924,894 in the last 90 days. Insiders own 2.65% of the company’s stock.

Several equities analysts have weighed in on the company. ValuEngine raised Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Buckingham Research decreased their price objective on Huntington Ingalls Industries from $295.00 to $265.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Bank of America decreased their price objective on Huntington Ingalls Industries from $305.00 to $275.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Alembic Global Advisors upgraded Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a report on Monday, August 5th. Finally, Zacks Investment Research upgraded Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a report on Monday, May 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus price target of $245.92.

HII stock opened at $203.74 on Wednesday. Huntington Ingalls Industries Inc has a 52-week low of $173.80 and a 52-week high of $262.32. The business’s fifty day simple moving average is $224.53. The company has a quick ratio of 1.05, a current ratio of 1.12 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $8.70 billion, a PE ratio of 10.67 and a beta of 1.18.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, August 1st. The aerospace company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.49). Huntington Ingalls Industries had a return on equity of 42.07% and a net margin of 8.04%. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the business earned $5.40 EPS. Huntington Ingalls Industries’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Huntington Ingalls Industries Inc will post 14.1 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, August 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 18.02%.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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

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