Inspire Advisors LLC Increases Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Inspire Advisors LLC raised its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 110.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,797 shares of the aerospace company’s stock after buying an additional 944 shares during the period. Inspire Advisors LLC’s holdings in Huntington Ingalls Industries were worth $443,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at about $26,000. American National Bank purchased a new stake in shares of Huntington Ingalls Industries in the first quarter valued at approximately $30,000. Riverview Trust Co acquired a new position in shares of Huntington Ingalls Industries during the 1st quarter worth approximately $30,000. Fidelis Capital Partners LLC purchased a new position in shares of Huntington Ingalls Industries during the 1st quarter valued at approximately $31,000. Finally, Larson Financial Group LLC grew its stake 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 valued at $31,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Up 1.3 %

Shares of HII opened at $261.55 on Friday. The firm’s fifty day moving average is $266.56 and its two-hundred day moving average is $266.68. The stock has a market cap of $10.26 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 2.24 and a beta of 0.52. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.41. Huntington Ingalls Industries, Inc. has a 52-week low of $199.11 and a 52-week high of $299.50.

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

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.99%. The ex-dividend date was Friday, August 30th. Huntington Ingalls Industries’s payout ratio is currently 29.31%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $280.00 to $285.00 in a research report on Monday, September 9th. Citigroup began coverage on shares of Huntington Ingalls Industries in a research report on Monday, May 20th. They set a “buy” rating and a $310.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average price target of $275.50.

About Huntington Ingalls Industries

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.