Huntington Ingalls Industries, Inc. $HII Position Increased by Meeder Asset Management Inc.

Meeder Asset Management Inc. boosted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 102.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 13,009 shares of the aerospace company’s stock after buying an additional 6,579 shares during the quarter. Meeder Asset Management Inc.’s holdings in Huntington Ingalls Industries were worth $4,942,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of HII. M&T Bank Corp grew its holdings in shares of Huntington Ingalls Industries by 205.8% in the 4th quarter. M&T Bank Corp now owns 40,031 shares of the aerospace company’s stock worth $13,613,000 after acquiring an additional 26,940 shares during the last quarter. Chase Investment Counsel Corp acquired a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth $4,634,000. Builder Investment Group Inc. ADV purchased a new stake in shares of Huntington Ingalls Industries during the fourth quarter valued at $6,815,000. Gradient Investments LLC lifted its holdings in shares of Huntington Ingalls Industries by 662.3% during the fourth quarter. Gradient Investments LLC now owns 44,806 shares of the aerospace company’s stock valued at $15,237,000 after purchasing an additional 38,928 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Huntington Ingalls Industries by 71.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 365,760 shares of the aerospace company’s stock valued at $124,384,000 after purchasing an additional 152,624 shares during the period. Institutional investors own 90.46% of the company’s stock.

Insider Activity at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the completion of the sale, the vice president directly owned 8,391 shares in the company, valued at approximately $2,681,595.78. This trade represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.80% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $269.33 on Monday. The company has a market capitalization of $10.61 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 1.15 and a beta of 0.25. Huntington Ingalls Industries, Inc. has a 1-year low of $250.91 and a 1-year high of $460.00. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52. The stock’s fifty day simple moving average is $298.06 and its 200-day simple moving average is $363.91.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.09. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the business earned $3.79 EPS. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 17.31 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio is 35.91%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HII. TD Cowen cut their price objective on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Weiss Ratings cut shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Citigroup dropped their target price on shares of Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Wells Fargo & Company began coverage on shares of Huntington Ingalls Industries in a report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $374.00.

About Huntington Ingalls Industries

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.