Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. lifted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 6.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,458 shares of the aerospace company’s stock after acquiring an additional 1,136 shares during the quarter. Meeder Asset Management Inc.’s holdings in Huntington Ingalls Industries were worth $5,144,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Van ECK Associates Corp lifted its holdings in shares of Huntington Ingalls Industries by 94.5% in the 3rd quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock worth $455,222,000 after acquiring an additional 863,800 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Huntington Ingalls Industries by 41.6% during the 2nd quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock worth $180,458,000 after buying an additional 215,362 shares in the last quarter. Earnest Partners LLC lifted its holdings in Huntington Ingalls Industries by 1.9% during the 2nd quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company’s stock worth $157,326,000 after buying an additional 11,693 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Huntington Ingalls Industries by 8.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 521,426 shares of the aerospace company’s stock worth $128,443,000 after buying an additional 40,942 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Huntington Ingalls Industries by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 502,442 shares of the aerospace company’s stock worth $123,771,000 after buying an additional 13,439 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Up 1.4 %

Shares of NYSE:HII opened at $196.30 on Tuesday. The stock has a market cap of $7.68 billion, a P/E ratio of 11.08, a P/E/G ratio of 1.76 and a beta of 0.55. The firm has a fifty day moving average price of $243.59 and a 200 day moving average price of $253.08. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. Huntington Ingalls Industries, Inc. has a 1-year low of $184.29 and a 1-year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, October 31st. The aerospace company reported $2.56 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 during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the business posted $3.70 EPS. The firm’s revenue was down 2.4% on a year-over-year basis. Sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 14.92 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The company 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 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Friday, November 29th. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 29.36%.

Insider Transactions at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 400 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the sale, the vice president now owns 19,627 shares in the company, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price on the stock. in a report on Friday, November 1st. JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $280.00 to $285.00 in a research report on Monday, September 9th. Bank of America dropped 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 report on Wednesday, November 13th. The Goldman Sachs Group dropped their price objective on shares of 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. Finally, StockNews.com downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus price target of $228.89.

Huntington Ingalls Industries 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.