Meeder Asset Management Inc. Boosts Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Meeder Asset Management Inc. raised its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 664.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,322 shares of the aerospace company’s stock after acquiring an additional 15,925 shares during the quarter. Meeder Asset Management Inc.’s holdings in Huntington Ingalls Industries were worth $4,513,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Huntington Ingalls Industries in the 2nd quarter worth approximately $26,000. American National Bank acquired a new stake in Huntington Ingalls Industries during the first quarter valued at approximately $30,000. Riverview Trust Co acquired a new stake in shares of Huntington Ingalls Industries during the first quarter worth $30,000. Fidelis Capital Partners LLC acquired a new stake in shares of Huntington Ingalls Industries during the 1st quarter worth approximately $31,000. Finally, Larson Financial Group LLC grew its holdings in Huntington Ingalls Industries by 158.5% in the 1st quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock worth $31,000 after buying an additional 65 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HII. JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $280.00 to $285.00 in a report on Monday. Citigroup began coverage on Huntington Ingalls Industries in a research note on Monday, May 20th. They set a “buy” rating and a $310.00 price target for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus target price of $275.50.

Huntington Ingalls Industries Stock Performance

Shares of NYSE:HII opened at $258.32 on Friday. Huntington Ingalls Industries, Inc. has a fifty-two week low of $199.11 and a fifty-two week high of $299.50. The company has a market capitalization of $10.13 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 2.24 and a beta of 0.52. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.82 and a quick ratio of 0.76. The firm’s 50 day simple moving average is $266.19 and its 200 day simple moving average is $267.03.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.77. The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.84 billion. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.27 EPS. As a group, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 16.57 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $5.20 annualized dividend and a yield of 2.01%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.31%.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.