Diamond Hill Capital Management Inc. Grows Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Diamond Hill Capital Management Inc. increased its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 27.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 534,737 shares of the aerospace company's stock after acquiring an additional 114,635 shares during the period. Diamond Hill Capital Management Inc. owned about 1.36% of Huntington Ingalls Industries worth $109,108,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in HII. LPL Financial LLC increased its holdings in shares of Huntington Ingalls Industries by 88.3% in the 4th quarter. LPL Financial LLC now owns 118,183 shares of the aerospace company's stock worth $22,333,000 after purchasing an additional 55,436 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Huntington Ingalls Industries by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company's stock worth $950,391,000 after purchasing an additional 14,988 shares in the last quarter. Prudential Financial Inc. lifted its stake in Huntington Ingalls Industries by 5.3% during the 4th quarter. Prudential Financial Inc. now owns 30,608 shares of the aerospace company's stock valued at $5,784,000 after acquiring an additional 1,529 shares during the period. Korea Investment CORP lifted its stake in Huntington Ingalls Industries by 43.1% during the 4th quarter. Korea Investment CORP now owns 24,918 shares of the aerospace company's stock valued at $4,709,000 after acquiring an additional 7,502 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Huntington Ingalls Industries by 4.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 66,503 shares of the aerospace company's stock valued at $12,508,000 after acquiring an additional 3,118 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Price Performance

HII traded up $1.31 during trading on Friday, hitting $264.64. 327,592 shares of the company traded hands, compared to its average volume of 401,894. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $285.81. The company has a market cap of $10.38 billion, a PE ratio of 19.07, a P/E/G ratio of 1.62 and a beta of 0.31. The stock's 50-day simple moving average is $239.13 and its two-hundred day simple moving average is $213.48. The company has a current ratio of 1.07, a quick ratio of 0.99 and a debt-to-equity ratio of 0.57.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.90 by $0.89. Huntington Ingalls Industries had a return on equity of 12.26% and a net margin of 4.76%. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period last year, the company earned $3.87 earnings per share. Huntington Ingalls Industries's revenue was down 2.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.40 annualized dividend and a yield of 2.04%. Huntington Ingalls Industries's payout ratio is 38.90%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HII. Barclays lifted their price target on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a research note 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 target on the stock in a report on Thursday, May 15th. 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. Finally, TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and increased their price target for the stock from $250.00 to $300.00 in a research note on Thursday, July 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Huntington Ingalls Industries presently has an average rating of "Hold" and a consensus target price of $251.38.

Insider Activity at Huntington Ingalls Industries

In other news, VP Edmond E. Jr. Hughes sold 1,300 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total transaction of $301,483.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Chad N. Boudreaux sold 1,965 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total transaction of $449,867.10. Following the completion of the transaction, the vice president directly owned 21,228 shares of the company's stock, valued at $4,859,938.32. This trade represents a 8.47% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,225 shares of company stock worth $1,207,207. Insiders own 0.72% of the company's stock.

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.