Thrivent Financial for Lutherans Decreases Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Thrivent Financial for Lutherans reduced its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 3.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,495 shares of the aerospace company’s stock after selling 489 shares during the period. Thrivent Financial for Lutherans’ holdings in Huntington Ingalls Industries were worth $3,078,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Gulf International Bank UK Ltd grew its stake in Huntington Ingalls Industries by 1.3% during the 1st quarter. Gulf International Bank UK Ltd now owns 3,284 shares of the aerospace company’s stock valued at $957,000 after acquiring an additional 42 shares in the last quarter. Ballentine Partners LLC grew its position in shares of Huntington Ingalls Industries by 1.6% in the second quarter. Ballentine Partners LLC now owns 2,625 shares of the aerospace company’s stock valued at $647,000 after purchasing an additional 42 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Huntington Ingalls Industries by 16.4% in the second quarter. GAMMA Investing LLC now owns 320 shares of the aerospace company’s stock valued at $79,000 after purchasing an additional 45 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Huntington Ingalls Industries by 5.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 871 shares of the aerospace company’s stock worth $226,000 after buying an additional 47 shares in the last quarter. Finally, Hilltop National Bank boosted its stake in Huntington Ingalls Industries by 15.1% during the second quarter. Hilltop National Bank now owns 359 shares of the aerospace company’s stock worth $88,000 after buying an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Up 1.0 %

HII opened at $263.07 on Monday. The business’s 50 day moving average price is $268.28 and its 200 day moving average price is $264.54. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 0.82. The stock has a market capitalization of $10.37 billion, a PE ratio of 14.83, a P/E/G ratio of 2.33 and a beta of 0.52. 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) last released its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.77. The business 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 revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.27 EPS. As a group, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 16.57 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend was Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio is presently 29.31%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $280.00 to $285.00 in a report on Monday, September 9th.

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.