Huntington Ingalls Industries, Inc. $HII Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 3.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 376,363 shares of the aerospace company's stock after acquiring an additional 13,967 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.96% of Huntington Ingalls Industries worth $76,793,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Huntington Ingalls Industries by 2.5% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,124 shares of the aerospace company's stock worth $433,000 after buying an additional 51 shares in the last quarter. Farther Finance Advisors LLC raised its position in Huntington Ingalls Industries by 12.2% in the first quarter. Farther Finance Advisors LLC now owns 514 shares of the aerospace company's stock valued at $104,000 after purchasing an additional 56 shares during the period. HM Payson & Co. raised its position in Huntington Ingalls Industries by 71.9% in the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock valued at $31,000 after purchasing an additional 64 shares during the period. Capital Advisors Ltd. LLC boosted its stake in shares of Huntington Ingalls Industries by 8.6% in the first quarter. Capital Advisors Ltd. LLC now owns 820 shares of the aerospace company's stock valued at $167,000 after purchasing an additional 65 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. boosted its stake in shares of Huntington Ingalls Industries by 21.5% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 379 shares of the aerospace company's stock valued at $78,000 after purchasing an additional 67 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on HII. The Goldman Sachs Group boosted 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. Barclays boosted their target price on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price for the company in a research note on Thursday, May 15th. Bank of America boosted their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a research note on Wednesday, August 13th. Finally, TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their target price for the stock from $250.00 to $300.00 in a research note on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $267.00.

Huntington Ingalls Industries Stock Up 0.9%

Shares of NYSE:HII traded up $2.40 during midday trading on Monday, reaching $268.65. The company had a trading volume of 72,195 shares, compared to its average volume of 635,505. The stock has a market capitalization of $10.54 billion, a P/E ratio of 20.11, a PEG ratio of 1.57 and a beta of 0.33. 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, Inc. has a one year low of $158.88 and a one year high of $293.14. The stock's fifty day moving average price is $251.49 and its 200-day moving average price is $220.84.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.63. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%. The firm had revenue of $3.08 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter in the prior year, the firm posted $4.38 earnings per share. Huntington Ingalls Industries's revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a $1.35 dividend. The ex-dividend date is Friday, August 29th. This represents a $5.40 annualized dividend and a yield of 2.0%. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 40.42%.

Insiders Place Their Bets

In related news, VP Chad N. Boudreaux sold 1,965 shares of Huntington Ingalls Industries stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total value of $449,867.10. Following the sale, the vice president directly owned 21,228 shares in the company, valued at $4,859,938.32. This trade represents a 8.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries 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.