First National Trust Co Has $4.57 Million Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

First National Trust Co grew its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 6.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,567 shares of the aerospace company’s stock after buying an additional 1,109 shares during the period. First National Trust Co’s holdings in Huntington Ingalls Industries were worth $4,574,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Van ECK Associates Corp grew its holdings in Huntington Ingalls Industries by 16.1% during the second quarter. Van ECK Associates Corp now owns 914,410 shares of the aerospace company’s stock valued at $225,247,000 after purchasing an additional 126,654 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of Huntington Ingalls Industries by 745.3% during the 4th quarter. TD Asset Management Inc now owns 100,569 shares of the aerospace company’s stock worth $26,112,000 after buying an additional 88,671 shares during the period. Canada Pension Plan Investment Board grew its stake in 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 buying an additional 83,500 shares during the last quarter. Epoch Investment Partners Inc. raised its holdings in 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 worth $65,032,000 after acquiring an additional 82,028 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new position in Huntington Ingalls Industries during the 1st quarter worth $23,011,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Ratings Changes

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

Huntington Ingalls Industries Trading Down 2.6 %

Shares of Huntington Ingalls Industries stock opened at $275.45 on Wednesday. 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 simple moving average is $263.62 and its 200-day simple moving average is $267.79. The company has a market cap of $10.86 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 2.46 and a beta of 0.53. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.61 by $0.77. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.84 billion. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the business posted $3.27 EPS. As a group, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 16.55 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $1.30 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $5.20 annualized dividend and a yield of 1.89%. Huntington Ingalls Industries’s dividend payout ratio (DPR) 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.