Pinebridge Investments L.P. grew its stake in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 16.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,421 shares of the aerospace company’s stock after purchasing an additional 7,708 shares during the period. Pinebridge Investments L.P. owned approximately 0.13% of Huntington Ingalls Industries worth $12,015,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. HL Financial Services LLC grew its position in Huntington Ingalls Industries by 1,910.7% in the 1st quarter. HL Financial Services LLC now owns 18,076 shares of the aerospace company’s stock worth $4,659,000 after purchasing an additional 17,177 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Huntington Ingalls Industries by 4.6% in the 1st quarter. Wells Fargo & Company MN now owns 727,735 shares of the aerospace company’s stock worth $187,580,000 after purchasing an additional 31,975 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in Huntington Ingalls Industries in the 1st quarter worth approximately $351,000. Alps Advisors Inc. lifted its stake in Huntington Ingalls Industries by 22.9% in the 1st quarter. Alps Advisors Inc. now owns 2,709 shares of the aerospace company’s stock worth $698,000 after purchasing an additional 505 shares in the last quarter. Finally, FormulaFolio Investments LLC bought a new position in shares of Huntington Ingalls Industries in the 1st quarter worth $462,000. Hedge funds and other institutional investors own 85.72% of the company’s stock.

In related news, VP Jerri F. Dickseski sold 270 shares of the firm’s stock in a transaction dated Tuesday, July 10th. The stock was sold at an average price of $225.00, for a total transaction of $60,750.00. Following the completion of the sale, the vice president now directly owns 35,291 shares of the company’s stock, valued at approximately $7,940,475. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.22% of the stock is owned by insiders.

Several equities analysts recently commented on the stock. Cowen reaffirmed a “buy” rating and set a $260.00 target price (up previously from $250.00) on shares of Huntington Ingalls Industries in a report on Friday, August 10th. Seaport Global Securities assumed coverage on shares of Huntington Ingalls Industries in a research report on Thursday, August 23rd. They set a “neutral” rating and a $260.00 price target for the company. UBS Group initiated coverage on shares of Huntington Ingalls Industries in a research note on Wednesday, August 15th. They set a “buy” rating and a $290.00 price objective for the company. Credit Suisse Group reduced their price target on shares of Huntington Ingalls Industries from $301.00 to $259.00 and set an “outperform” rating for the company in a research note on Tuesday, May 22nd. Finally, Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating and set a $262.00 target price for the company in a research report on Friday, August 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. Huntington Ingalls Industries presently has an average rating of “Buy” and a consensus target price of $270.55.

Shares of Huntington Ingalls Industries stock traded up $3.96 during midday trading on Friday, hitting $252.90. The company had a trading volume of 260,552 shares, compared to its average volume of 259,472. Huntington Ingalls Industries Inc has a 12-month low of $201.91 and a 12-month high of $276.69. The company has a quick ratio of 1.31, a current ratio of 1.43 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $10.65 billion, a P/E ratio of 20.83, a PEG ratio of 0.95 and a beta of 1.00.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, August 2nd. The aerospace company reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $1.19. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Huntington Ingalls Industries had a net margin of 7.84% and a return on equity of 39.78%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company earned $3.21 EPS. research analysts anticipate that Huntington Ingalls Industries Inc will post 17.24 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were issued a dividend of $0.72 per share. The ex-dividend date was Thursday, August 30th. This represents a $2.88 annualized dividend and a dividend yield of 1.14%. Huntington Ingalls Industries’s dividend payout ratio is presently 23.72%.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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