Carnegie Investment Counsel Decreases Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Carnegie Investment Counsel lowered its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 18.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,883 shares of the aerospace company’s stock after selling 875 shares during the quarter. Carnegie Investment Counsel’s holdings in Huntington Ingalls Industries were worth $956,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp raised its position in shares of Huntington Ingalls Industries by 5,658.6% in the 4th quarter. Van ECK Associates Corp now owns 684,235 shares of the aerospace company’s stock valued at $177,655,000 after purchasing an additional 672,353 shares in the last quarter. TD Asset Management Inc raised its position in shares of Huntington Ingalls Industries by 745.3% in the 4th quarter. TD Asset Management Inc now owns 100,569 shares of the aerospace company’s stock valued at $26,112,000 after purchasing an additional 88,671 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Huntington Ingalls Industries by 564.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 98,300 shares of the aerospace company’s stock valued at $28,652,000 after purchasing an additional 83,500 shares in the last quarter. Epoch Investment Partners Inc. raised its position in shares of Huntington Ingalls Industries by 48.7% in the 4th quarter. Epoch Investment Partners Inc. now owns 250,469 shares of the aerospace company’s stock valued at $65,032,000 after purchasing an additional 82,028 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at approximately $23,011,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HII shares. StockNews.com lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Citigroup initiated coverage on Huntington Ingalls Industries in a research report on Monday, May 20th. They set a “buy” rating and a $310.00 price target on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $278.00.

Huntington Ingalls Industries Stock Performance

Shares of HII stock traded down $4.47 on Wednesday, hitting $270.76. 57,956 shares of the stock traded hands, compared to its average volume of 300,146. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.82 and a quick ratio of 0.89. The company has a market capitalization of $10.68 billion, a PE ratio of 15.51, a PEG ratio of 2.28 and a beta of 0.53. Huntington Ingalls Industries, Inc. has a 1-year low of $199.11 and a 1-year high of $299.50. The company’s fifty day moving average is $257.21 and its 200 day moving average is $267.64.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, August 1st. The aerospace company reported $4.38 EPS for the quarter, topping analysts’ consensus estimates of $3.61 by $0.77. The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.84 billion. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business earned $3.27 EPS. On average, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 16.32 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $5.20 dividend on an annualized basis and a yield of 1.92%. Huntington Ingalls Industries’s payout ratio is currently 29.31%.

About Huntington Ingalls Industries

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.