Copeland Capital Management LLC Buys 1,605 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Copeland Capital Management LLC raised its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.9% in the third quarter, Holdings Channel reports. The firm owned 85,226 shares of the aerospace company’s stock after acquiring an additional 1,605 shares during the quarter. Copeland Capital Management LLC’s holdings in Huntington Ingalls Industries were worth $22,532,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Huntington Ingalls Industries during the second quarter worth approximately $26,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth approximately $29,000. Riverview Trust Co acquired a new position in shares of Huntington Ingalls Industries during the 1st quarter worth approximately $30,000. Fidelis Capital Partners LLC bought a new stake in Huntington Ingalls Industries in the 1st quarter valued at $31,000. Finally, Larson Financial Group LLC boosted its position in Huntington Ingalls Industries by 158.5% during the first quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock opened at $261.25 on Tuesday. Huntington Ingalls Industries, Inc. has a twelve month low of $212.58 and a twelve month high of $299.50. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.41. The company has a 50-day simple moving average of $266.23 and a two-hundred day simple moving average of $261.34. The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 2.25 and a beta of 0.52.

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, beating analysts’ consensus estimates of $3.61 by $0.77. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.84 billion. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.27 earnings per share. Analysts forecast that Huntington Ingalls Industries, Inc. will post 16.56 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given 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 dividend yield of 1.99%. Huntington Ingalls Industries’s payout ratio is 29.31%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HII shares. JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $280.00 to $285.00 in a report on Monday, September 9th. Vertical Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective for the company. in a report on Thursday, October 10th. Finally, Wolfe Research cut Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $290.00.

About Huntington Ingalls Industries

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.