Epoch Investment Partners Inc. Grows Stock Position in Huntington Ingalls Industries, Inc. $HII

Epoch Investment Partners Inc. grew its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 83.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,725 shares of the aerospace company’s stock after acquiring an additional 44,381 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Huntington Ingalls Industries were worth $33,233,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HII. Geneos Wealth Management Inc. lifted its position in shares of Huntington Ingalls Industries by 40.1% in the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock valued at $42,000 after acquiring an additional 59 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Huntington Ingalls Industries by 329.4% in the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the aerospace company’s stock valued at $88,000 after acquiring an additional 280 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Huntington Ingalls Industries by 432.1% in the second quarter. Marshall Wace LLP now owns 38,144 shares of the aerospace company’s stock valued at $9,210,000 after acquiring an additional 30,975 shares in the last quarter. Cresset Asset Management LLC lifted its position in shares of Huntington Ingalls Industries by 23.0% in the second quarter. Cresset Asset Management LLC now owns 1,575 shares of the aerospace company’s stock valued at $381,000 after acquiring an additional 294 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Huntington Ingalls Industries in the second quarter valued at approximately $398,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $297.42 on Monday. Huntington Ingalls Industries, Inc. has a one year low of $226.75 and a one year high of $460.00. The company has a market cap of $11.72 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 1.26 and a beta of 0.23. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19. The business’s 50 day moving average price is $343.49 and its 200 day moving average price is $371.37.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.09. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The firm’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.79 earnings per share. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 17.32 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.52 annualized dividend and a yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 35.91%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HII. Wall Street Zen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. TD Cowen reduced their price objective on Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Weiss Ratings downgraded Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Wells Fargo & Company started coverage on Huntington Ingalls Industries in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price objective on the stock. Finally, Citigroup reduced their price objective on Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus target price of $388.50.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the completion of the sale, the vice president owned 8,391 shares of the company’s stock, valued at $2,681,595.78. This trade represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.80% of the stock is currently owned by company insiders.

About Huntington Ingalls Industries

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.