Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 7.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,248 shares of the aerospace company's stock after purchasing an additional 9,634 shares during the period. Principal Financial Group Inc. owned approximately 0.35% of Huntington Ingalls Industries worth $36,812,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. CWM LLC raised its position in Huntington Ingalls Industries by 142.8% in the third quarter. CWM LLC now owns 5,251 shares of the aerospace company's stock worth $1,388,000 after purchasing an additional 3,088 shares in the last quarter. SteelPeak Wealth LLC bought a new position in shares of Huntington Ingalls Industries during the second quarter worth $1,769,000. Old North State Wealth Management LLC raised its holdings in shares of Huntington Ingalls Industries by 60.6% during the third quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company's stock worth $3,122,000 after acquiring an additional 4,450 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Huntington Ingalls Industries by 30.5% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 49,805 shares of the aerospace company's stock valued at $14,517,000 after buying an additional 11,647 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Huntington Ingalls Industries in the 1st quarter valued at $1,821,000. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Trading Down 0.4 %

NYSE:HII traded down $0.81 during midday trading on Tuesday, reaching $205.82. 265,091 shares of the stock traded hands, compared to its average volume of 332,272. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. 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 $8.05 billion, a P/E ratio of 11.75, a PEG ratio of 1.70 and a beta of 0.55. The company has a fifty day moving average of $250.87 and a 200 day moving average of $255.63.

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). The business had revenue of $2.75 billion during 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%. The firm's revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.70 earnings per share. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 15.63 EPS 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 given a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $5.40 annualized dividend and a dividend yield of 2.62%. This is a boost from Huntington Ingalls Industries's previous quarterly dividend of $1.30. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 30.49%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. StockNews.com cut shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a report on Friday, November 1st. Alembic Global Advisors cut shares of Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and set a $210.00 price target on the stock. in a report on Friday, November 1st. Barclays decreased their target price on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Monday, November 4th. TD Cowen lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 target price on the stock. in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. lowered shares of Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and increased their target price for the stock from $280.00 to $285.00 in a research report on Monday, September 9th. 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. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $233.13.

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.