Pullen Investment Management LLC Has $2.94 Million Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Pullen Investment Management LLC grew its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 90.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,568 shares of the aerospace company's stock after purchasing an additional 7,404 shares during the period. Huntington Ingalls Industries makes up about 1.9% of Pullen Investment Management LLC's holdings, making the stock its 11th largest position. Pullen Investment Management LLC's holdings in Huntington Ingalls Industries were worth $2,942,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Generali Asset Management SPA SGR acquired a new position in shares of Huntington Ingalls Industries during the 4th quarter worth $2,056,000. Assetmark Inc. raised its stake in shares of Huntington Ingalls Industries by 2,154.9% during the 4th quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock worth $1,474,000 after buying an additional 7,456 shares during the last quarter. Northcape Wealth Management LLC acquired a new position in shares of Huntington Ingalls Industries during the 4th quarter worth $3,642,000. Essential Planning LLC. acquired a new position in shares of Huntington Ingalls Industries during the 4th quarter worth $2,457,000. Finally, Integrated Quantitative Investments LLC acquired a new position in Huntington Ingalls Industries in the 4th quarter valued at about $283,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the sale, the chief accounting officer now directly owns 2,884 shares of the company's stock, valued at $546,691.04. This trade represents a 20.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anastasi D. Kelly sold 1,960 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total value of $455,856.80. Following the completion of the sale, the director now directly owns 17,485 shares in the company, valued at $4,066,661.30. This represents a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,010 shares of company stock valued at $899,510. Corporate insiders own 0.86% of the company's stock.

Analyst Ratings Changes

HII has been the topic of several analyst reports. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target on the stock in a research note on Thursday, May 15th. The Goldman Sachs Group boosted their target price 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, Barclays upped their price target 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $236.38.

Huntington Ingalls Industries Stock Down 1.0%

Shares of Huntington Ingalls Industries stock traded down $2.24 on Wednesday, hitting $225.60. 315,799 shares of the company's stock traded hands, compared to its average volume of 532,184. The stock has a market cap of $8.85 billion, a P/E ratio of 16.16, a PEG ratio of 1.15 and a beta of 0.31. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The firm's 50-day moving average is $216.36 and its 200 day moving average is $199.34. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $285.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, beating the consensus estimate of $2.90 by $0.89. The company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.80 billion. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. The business's revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $3.87 EPS. Equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio is currently 38.90%.

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.