Seven Eight Capital LP increases its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Seven Eight Capital LP raised its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII – Free Report) by 117.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,226 shares of the aerospace company’s stock after purchasing an additional 1,200 shares during the period. Seven Eight Capital LP’s holdings in Huntington Ingalls Industries were worth $548,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of HII. American Century Companies Inc. boosted its holdings in Huntington Ingalls Industries by 42.1% during the second quarter. American Century Companies Inc. now owns 473,778 shares of the aerospace company’s stock worth $116,706,000 after acquiring an additional 140,338 shares during the period. 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 worth $225,247,000 after acquiring an additional 126,654 shares during the period. Hsbc Holdings PLC boosted its holdings in Huntington Ingalls Industries by 50.9% during the second quarter. Hsbc Holdings PLC now owns 289,434 shares of the aerospace company’s stock worth $71,418,000 after acquiring an additional 97,646 shares during the period. TD Asset Management Inc raised its holdings in Huntington Ingalls Industries by 745.3% during the fourth quarter. TD Asset Management Inc now owns 100,569 shares of the aerospace company’s stock worth $26,112,000 after acquiring an additional 88,671 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in Huntington Ingalls Industries by 564.2% in the first quarter. Canada Pension Plan Investment Board now owns 98,300 shares of the aerospace company’s stock worth $28,652,000 after acquiring an additional 83,500 shares during the period. 90.46% of shares are currently owned by institutional investors.

Analyst upgrades and downgrades

Separately, JPMorgan Chase & Co. cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $280.00 to $285.00 in a report on Monday, September 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $275.50, according to MarketBeat.

Read the latest stock analysis on HII

Huntington Ingalls Industries stock performance

Shares of HII stock opened at $267.51 on Friday. The firm has a market cap of $10.55 billion, a PE ratio of 15.08, a PEG ratio of 2.24 and a beta of 0.52. The stock’s fifty day moving average price is $268.58 and its two hundred day moving average price is $265.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.82, and a quick ratio of 0.76. Huntington Ingalls Industries, Inc. has a one year low of $199.11 and a one year high of $299.50.

Huntington Ingalls Industries (NYSE:HII – Get Your Free Report ) last announced its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, beating the consensus estimate 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%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. In the same period last year, the company earned $3.27 per share. On average, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 16.57 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $1.30 dividend. This represents an annualized dividend of $5.20 and a dividend yield of 1.94%. The ex-dividend date was Friday, August 30. Huntington Ingalls Industries’ dividend payout ratio (DPR) is currently 29.31%.

About Huntington Ingalls Industries

(Free Report)

Huntington Ingalls Industries, Inc designs, builds, overhauls and repairs military vessels 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 vessels including amphibious assault ships; expeditionary warships; surface combatants; and national security cutters for the US

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