Pullen Investment Management LLC Acquires 491 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Pullen Investment Management LLC grew its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 6.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 8,164 shares of the aerospace company’s stock after purchasing an additional 491 shares during the quarter. Huntington Ingalls Industries comprises approximately 1.6% of Pullen Investment Management LLC’s holdings, making the stock its 15th largest position. Pullen Investment Management LLC’s holdings in Huntington Ingalls Industries were worth $2,158,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. acquired a new position in Huntington Ingalls Industries during the first quarter worth about $567,000. Oak Thistle LLC acquired a new position in Huntington Ingalls Industries during the 1st quarter worth approximately $473,000. Allspring Global Investments Holdings LLC lifted its stake in Huntington Ingalls Industries by 21.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 120,478 shares of the aerospace company’s stock valued at $35,116,000 after purchasing an additional 20,927 shares during the last quarter. Cullinan Associates Inc. acquired a new stake in Huntington Ingalls Industries in the first quarter valued at approximately $583,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Huntington Ingalls Industries during the first quarter worth $370,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Vertical Research lowered 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 cut Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. StockNews.com lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $280.00 to $285.00 in a report on Monday, September 9th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Huntington Ingalls Industries has a consensus rating of “Hold” and a consensus target price of $290.00.

Huntington Ingalls Industries Price Performance

Huntington Ingalls Industries stock opened at $253.83 on Friday. The stock’s 50 day moving average is $265.23 and its 200 day moving average is $260.55. Huntington Ingalls Industries, Inc. has a one year low of $213.02 and a one year high of $299.50. The firm has a market cap of $9.96 billion, a P/E ratio of 13.47, a P/E/G ratio of 2.25 and a beta of 0.52. 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 (NYSE:HII) last issued its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the previous year, the company earned $3.27 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, research analysts expect that Huntington Ingalls Industries, Inc. will post 16.49 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $5.20 dividend on an annualized basis and a yield of 2.05%. Huntington Ingalls Industries’s payout ratio is currently 27.59%.

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.