73,142 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Acquired by Ninety One UK Ltd

Ninety One UK Ltd purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 73,142 shares of the aerospace company's stock, valued at approximately $14,924,000. Ninety One UK Ltd owned about 0.19% of Huntington Ingalls Industries at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its stake in Huntington Ingalls Industries by 75,182.7% during the first quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company's stock valued at $1,004,590,000 after buying an additional 491,695 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Huntington Ingalls Industries by 1,648.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 375,872 shares of the aerospace company's stock worth $71,029,000 after purchasing an additional 354,374 shares in the last quarter. River Road Asset Management LLC bought a new stake in shares of Huntington Ingalls Industries in the 4th quarter worth $65,215,000. Diamond Hill Capital Management Inc. increased its holdings in shares of Huntington Ingalls Industries by 132.9% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company's stock worth $79,387,000 after purchasing an additional 239,688 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Huntington Ingalls Industries by 4,900.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 210,480 shares of the aerospace company's stock worth $39,774,000 after purchasing an additional 206,271 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Chad N. Boudreaux sold 1,965 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total value of $449,867.10. Following the transaction, the vice president owned 21,228 shares of the company's stock, valued at $4,859,938.32. This represents a 8.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total value of $301,483.00. Following the completion of the transaction, the vice president directly owned 9,581 shares in the company, valued at approximately $2,221,929.71. This trade represents a 11.95% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,225 shares of company stock valued at $1,207,207. 0.86% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HII has been the subject of several research analyst reports. Barclays lifted their price objective on Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective for the company in a report on Thursday, May 15th. Finally, The Goldman Sachs Group lifted their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $236.38.

Huntington Ingalls Industries Trading Down 2.1%

Shares of HII stock opened at $248.25 on Wednesday. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $285.81. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.07 and a quick ratio of 0.99. The stock's 50 day simple moving average is $232.03 and its two-hundred day simple moving average is $207.55. The company has a market cap of $9.74 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.60 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.90 by $0.89. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.80 billion. Huntington Ingalls Industries had a return on equity of 12.26% and a net margin of 4.76%. The company's quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.87 earnings per share. Research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.18%. Huntington Ingalls Industries's dividend payout ratio is 38.90%.

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.

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