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Charles Schwab Investment Management Inc. Has $76.79 Million Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Huntington Ingalls Industries logo with Aerospace background

Charles Schwab Investment Management Inc. grew its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 3.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 376,363 shares of the aerospace company's stock after purchasing an additional 13,967 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.96% of Huntington Ingalls Industries worth $76,793,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Atria Wealth Solutions Inc. bought a new stake in Huntington Ingalls Industries in the 1st quarter valued at $219,000. Wills Financial Group LLC bought a new stake in shares of Huntington Ingalls Industries in the 1st quarter valued at about $230,000. PNC Financial Services Group Inc. boosted its position in shares of Huntington Ingalls Industries by 24.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,489 shares of the aerospace company's stock valued at $2,956,000 after purchasing an additional 2,850 shares in the last quarter. ProVise Management Group LLC boosted its position in shares of Huntington Ingalls Industries by 18.0% during the 1st quarter. ProVise Management Group LLC now owns 5,934 shares of the aerospace company's stock valued at $1,211,000 after purchasing an additional 904 shares in the last quarter. Finally, Gruss & Co. LLC bought a new position in Huntington Ingalls Industries in the first quarter worth approximately $204,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Wall Street Analyst Weigh In

HII has been the subject of a number of research analyst reports. Barclays increased their price target on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. TD Cowen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their price objective for the company from $250.00 to $300.00 in a research report on Thursday, July 10th. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target for the company in a report on Thursday, May 15th. The Goldman Sachs Group lifted their price target on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Wall Street Zen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $267.00.

Check Out Our Latest Analysis on Huntington Ingalls Industries

Huntington Ingalls Industries Trading Down 0.5%

NYSE:HII traded down $1.42 during trading hours on Friday, reaching $266.04. 346,578 shares of the company were exchanged, compared to its average volume of 507,502. The firm has a market cap of $10.44 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 1.58 and a beta of 0.33. The stock has a 50 day simple moving average of $251.49 and a 200 day simple moving average of $220.47. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $293.14. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, beating the consensus estimate of $3.23 by $0.63. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $2.94 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The company's quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $4.38 EPS. As a group, analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, August 29th. Huntington Ingalls Industries's payout ratio is presently 40.42%.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 1,965 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total value of $449,867.10. Following the completion of the sale, the vice president directly owned 21,228 shares of the company's stock, valued at $4,859,938.32. The trade was a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.72% of the stock is owned by insiders.

About Huntington Ingalls Industries

(Free Report)

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.

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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