ICICI Prudential Asset Management Co Ltd Raises Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

ICICI Prudential Asset Management Co Ltd increased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 83.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,584 shares of the aerospace company's stock after acquiring an additional 16,200 shares during the period. Huntington Ingalls Industries makes up 1.0% of ICICI Prudential Asset Management Co Ltd's investment portfolio, making the stock its 29th largest holding. ICICI Prudential Asset Management Co Ltd owned about 0.09% of Huntington Ingalls Industries worth $9,408,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Van ECK Associates Corp raised its stake in Huntington Ingalls Industries by 94.5% during the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company's stock valued at $455,222,000 after buying an additional 863,800 shares during the last quarter. AQR Capital Management LLC boosted its stake in Huntington Ingalls Industries by 41.6% in the 2nd quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company's stock worth $180,458,000 after purchasing an additional 215,362 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new stake in Huntington Ingalls Industries during the 3rd quarter valued at about $47,698,000. American Century Companies Inc. lifted its stake in shares of Huntington Ingalls Industries by 42.1% in the second quarter. American Century Companies Inc. now owns 473,778 shares of the aerospace company's stock worth $116,706,000 after buying an additional 140,338 shares in the last quarter. Finally, Sound Shore Management Inc. CT increased its position in shares of Huntington Ingalls Industries by 50.7% during the second quarter. Sound Shore Management Inc. CT now owns 345,489 shares of the aerospace company's stock valued at $85,104,000 after acquiring an additional 116,180 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Price Performance

HII stock traded down $0.60 during mid-day trading on Wednesday, hitting $204.00. The company had a trading volume of 405,913 shares, compared to its average volume of 333,641. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 11.67, a P/E/G ratio of 1.74 and a beta of 0.55. The company has a 50-day moving average price of $249.45 and a 200 day moving average price of $255.12. The company has a quick ratio of 0.73, 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.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts' consensus estimates of $3.84 by ($1.28). The business had revenue of $2.75 billion during the quarter, compared to analysts' expectations of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the business posted $3.70 earnings per share. On average, research analysts anticipate that Huntington Ingalls Industries, Inc. will post 15.41 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.65%. This is a positive change from Huntington Ingalls Industries's previous quarterly dividend of $1.30. The ex-dividend date is Friday, November 29th. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 29.36%.

Insider Activity

In related news, VP D R. Wyatt sold 400 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the sale, the vice president now owns 19,627 shares in the company, valued at approximately $4,028,245.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HII shares. TD Cowen lowered Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 target price for the company. in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their price objective on Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating for the company in a report on Friday, November 1st. Bank of America lowered their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating on the stock in a research note on Wednesday. Vertical Research cut shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $275.00 price target on the stock. in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group lowered their target price on Huntington Ingalls Industries from $226.00 to $194.00 and set a "sell" rating on the stock in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $228.89.

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.