Eagle Ridge Investment Management Decreases Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Eagle Ridge Investment Management lessened its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 0.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,771 shares of the aerospace company’s stock after selling 151 shares during the quarter. Eagle Ridge Investment Management owned approximately 0.13% of Huntington Ingalls Industries worth $13,423,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Global Trust Asset Management LLC grew its holdings in Huntington Ingalls Industries by 4.9% in the 3rd quarter. Global Trust Asset Management LLC now owns 1,549 shares of the aerospace company’s stock worth $410,000 after acquiring an additional 72 shares during the last quarter. Pinnacle West Asset Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 6.1% during the third quarter. Pinnacle West Asset Management Inc. now owns 1,295 shares of the aerospace company’s stock worth $342,000 after purchasing an additional 75 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in shares of Huntington Ingalls Industries by 22.1% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 3,416 shares of the aerospace company’s stock worth $903,000 after purchasing an additional 618 shares during the last quarter. Private Advisor Group LLC increased its holdings in Huntington Ingalls Industries by 8.0% during the 3rd quarter. Private Advisor Group LLC now owns 6,705 shares of the aerospace company’s stock valued at $1,773,000 after purchasing an additional 495 shares during the period. Finally, Eastern Bank bought a new position in Huntington Ingalls Industries during the 3rd quarter valued at approximately $325,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $254.70 on Friday. Huntington Ingalls Industries, Inc. has a 12 month low of $213.02 and a 12 month high of $299.50. The firm has a market capitalization of $10.04 billion, a P/E ratio of 14.36, a P/E/G ratio of 2.25 and a beta of 0.52. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $265.56 and a two-hundred day simple moving average of $260.88.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.77. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the firm earned $3.27 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 16.56 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.04%. The ex-dividend date was Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 29.31%.

Analysts Set New Price Targets

Several research firms have recently issued reports on HII. JPMorgan Chase & Co. cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $280.00 to $285.00 in a research note on Monday, September 9th. Vertical Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective on the stock. in a research report on Thursday, October 10th. Wolfe Research lowered shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Finally, StockNews.com lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Huntington Ingalls Industries has an average rating of “Hold” and an average target price of $290.00.

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.