AM Squared Ltd Increases Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

AM Squared Ltd increased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 100.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 400 shares of the aerospace company’s stock after buying an additional 200 shares during the quarter. AM Squared Ltd’s holdings in Huntington Ingalls Industries were worth $99,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HII. Vanguard Personalized Indexing Management LLC lifted its position in Huntington Ingalls Industries by 4.9% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,621 shares of the aerospace company’s stock worth $681,000 after acquiring an additional 123 shares during the period. SteelPeak Wealth LLC acquired a new stake in Huntington Ingalls Industries during the 2nd quarter worth about $1,769,000. UBS Group AG lifted its position in Huntington Ingalls Industries by 28.4% during the 4th quarter. UBS Group AG now owns 159,061 shares of the aerospace company’s stock worth $41,299,000 after acquiring an additional 35,142 shares during the period. SG Americas Securities LLC lifted its position in Huntington Ingalls Industries by 950.1% during the 1st quarter. SG Americas Securities LLC now owns 38,454 shares of the aerospace company’s stock worth $11,208,000 after acquiring an additional 34,792 shares during the period. Finally, Prevatt Capital Ltd acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at about $15,578,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Citigroup began coverage on Huntington Ingalls Industries in a report on Monday, May 20th. They issued a “buy” rating and a $310.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $278.00.

Huntington Ingalls Industries Stock Performance

Shares of HII stock traded up $1.20 on Friday, hitting $282.77. The company had a trading volume of 384,026 shares, compared to its average volume of 242,430. The firm has a market cap of $11.09 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 2.46 and a beta of 0.53. Huntington Ingalls Industries, Inc. has a twelve month low of $199.11 and a twelve month high of $299.50. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $262.51 and a 200-day moving average price of $267.96.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.77. The company had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. Huntington Ingalls Industries’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.27 EPS. As a group, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 16.55 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a $1.30 dividend. The ex-dividend date is Friday, August 30th. This represents a $5.20 dividend on an annualized basis and a yield of 1.84%. Huntington Ingalls Industries’s payout ratio is 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.