Van ECK Associates Corp Increases Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Van ECK Associates Corp boosted its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 94.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,778,210 shares of the aerospace company's stock after buying an additional 863,800 shares during the quarter. Van ECK Associates Corp owned approximately 4.51% of Huntington Ingalls Industries worth $455,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. AQR Capital Management LLC grew its position in shares of Huntington Ingalls Industries by 41.6% in the second quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company's stock valued at $180,458,000 after purchasing an additional 215,362 shares in the last quarter. Earnest Partners LLC grew its position in shares of Huntington Ingalls Industries by 1.9% in the second quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company's stock valued at $157,326,000 after purchasing an additional 11,693 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Huntington Ingalls Industries by 8.5% in the second quarter. Bank of New York Mellon Corp now owns 521,426 shares of the aerospace company's stock valued at $128,443,000 after purchasing an additional 40,942 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Huntington Ingalls Industries by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 502,442 shares of the aerospace company's stock valued at $123,771,000 after purchasing an additional 13,439 shares in the last quarter. Finally, American Century Companies Inc. grew its position 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 valued at $116,706,000 after purchasing an additional 140,338 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Price Performance

HII stock traded up $4.27 during mid-day trading on Friday, hitting $189.23. 1,492,688 shares of the stock were exchanged, compared to its average volume of 372,519. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.76. The business has a fifty day moving average price of $260.62 and a 200 day moving average price of $258.86. Huntington Ingalls Industries, Inc. has a 12 month low of $184.29 and a 12 month high of $299.50. The stock has a market capitalization of $7.42 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 1.62 and a beta of 0.56.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period last year, the firm earned $3.70 EPS. The company's revenue for the quarter was down 2.4% on a year-over-year basis. On average, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.49 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Friday, November 29th. This is a positive change from Huntington Ingalls Industries's previous quarterly dividend of $1.30. Huntington Ingalls Industries's payout ratio is 29.36%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating for the company in a research report on Friday. TD Cowen lowered Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price objective for the company. in a research note on Friday. Vertical Research lowered Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $275.00 price objective for the company. in a research note on Thursday, October 10th. The Goldman Sachs Group dropped their price objective on Huntington Ingalls Industries from $226.00 to $194.00 and set a "sell" rating 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 equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $241.88.

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.