Huntington Ingalls Industries, Inc. (NYSE:HII) Holdings Raised by Markel Group Inc.

Markel Group Inc. boosted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 350.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,000 shares of the aerospace company's stock after acquiring an additional 14,000 shares during the quarter. Markel Group Inc.'s holdings in Huntington Ingalls Industries were worth $3,673,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Sentry Investment Management LLC acquired a new stake in Huntington Ingalls Industries in the first quarter valued at $26,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Huntington Ingalls Industries by 503.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 131 shares in the last quarter. HM Payson & Co. grew its position in shares of 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 last quarter. Park Square Financial Group LLC acquired a new stake in shares of Huntington Ingalls Industries in the first quarter valued at approximately $31,000. Finally, Raiffeisen Bank International AG purchased a new position in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Analyst Ratings Changes

HII has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price objective on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective on the stock in a report on Thursday, May 15th. Barclays upped their target price on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Finally, TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and raised their target price for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $251.38.

Huntington Ingalls Industries Stock Down 0.4%

Shares of HII stock traded down $0.98 during trading hours on Friday, hitting $254.37. 542,810 shares of the company were exchanged, compared to its average volume of 564,649. The stock has a market capitalization of $9.98 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 1.57 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $285.81. The business's 50-day simple moving average is $235.85 and its two-hundred day simple moving average is $211.15. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.99 and a current ratio of 1.07.

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

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given 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 dividend yield of 2.12%. Huntington Ingalls Industries's dividend payout ratio is presently 38.90%.

Insider Buying and Selling

In other news, VP Edmond E. Jr. Hughes sold 1,300 shares of Huntington Ingalls Industries stock in a transaction on Wednesday, May 7th. The stock was 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Chad N. Boudreaux sold 1,965 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total transaction of $449,867.10. Following the transaction, the vice president owned 21,228 shares of the company's stock, valued at approximately $4,859,938.32. This trade represents a 8.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,225 shares of company stock valued at $1,207,207 in the last three months. 0.72% of the stock is currently owned by corporate insiders.

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.