Van ECK Associates Corp Has $455.22 Million Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Van ECK Associates Corp raised its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 94.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,778,210 shares of the aerospace company’s stock after buying an additional 863,800 shares during the period. Van ECK Associates Corp owned about 4.51% of Huntington Ingalls Industries worth $455,222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Huntington Ingalls Industries during the 2nd quarter worth approximately $26,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Huntington Ingalls Industries during the third quarter worth $29,000. Fidelis Capital Partners LLC acquired a new stake in shares of Huntington Ingalls Industries in the first quarter valued at $31,000. Larson Financial Group LLC raised its holdings in shares of Huntington Ingalls Industries by 158.5% in the first quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock valued at $31,000 after buying an additional 65 shares during the last quarter. Finally, Evermay Wealth Management LLC acquired a new position in Huntington Ingalls Industries during the 1st quarter worth about $31,000. Institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HII shares. JPMorgan Chase & Co. cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $280.00 to $285.00 in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a report on Friday. Alembic Global Advisors lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a research report on Friday. TD Cowen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price for the company. in a research note on Friday. Finally, StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Huntington Ingalls Industries presently has an average rating of “Hold” and an average target price of $241.88.

Huntington Ingalls Industries Stock Up 2.3 %

NYSE:HII opened at $189.23 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. Huntington Ingalls Industries, Inc. has a 12-month low of $184.29 and a 12-month high of $299.50. The stock’s fifty day simple moving average is $260.62 and its 200-day simple moving average is $258.96. The firm has a market capitalization of $7.42 billion, a P/E ratio of 10.68, a P/E/G ratio of 1.62 and a beta of 0.56.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. Huntington Ingalls Industries’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the business posted $3.70 EPS. Equities research analysts expect that Huntington Ingalls Industries, Inc. will post 16.49 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.85%. The ex-dividend date is Friday, November 29th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio is presently 29.36%.

Huntington Ingalls Industries Company 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.