Barclays PLC Grows Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Barclays PLC lifted its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 16.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,862 shares of the aerospace company's stock after purchasing an additional 21,858 shares during the period. Barclays PLC owned about 0.41% of Huntington Ingalls Industries worth $30,018,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. River Road Asset Management LLC acquired a new position in Huntington Ingalls Industries in the 4th quarter valued at about $65,215,000. Diamond Hill Capital Management Inc. boosted 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 valued at $79,387,000 after buying an additional 239,688 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at about $36,191,000. Raymond James Financial Inc. purchased a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at about $27,881,000. Finally, Sei Investments Co. raised its stake in Huntington Ingalls Industries by 32.4% during the 4th quarter. Sei Investments Co. now owns 445,926 shares of the aerospace company's stock valued at $84,269,000 after acquiring an additional 109,134 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Up 1.3 %

Shares of NYSE:HII traded up $2.84 during trading on Thursday, hitting $220.77. 237,061 shares of the company were exchanged, compared to its average volume of 770,572. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $285.81. The stock has a market cap of $8.66 billion, a price-to-earnings ratio of 15.81, a P/E/G ratio of 1.15 and a beta of 0.34. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The firm has a fifty day moving average price of $195.87 and a two-hundred day moving average price of $201.53.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing analysts' consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. As a group, research 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 business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.45%. Huntington Ingalls Industries's payout ratio is presently 38.68%.

Insider Activity at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 750 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the sale, the chief accounting officer now owns 2,884 shares in the company, valued at approximately $546,691.04. This trade represents a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas C. Schievelbein bought 2,120 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $164.82 per share, with a total value of $349,418.40. Following the purchase, the director now directly owns 7,967 shares of the company's stock, valued at approximately $1,313,120.94. This represents a 36.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HII has been the subject of a number of analyst reports. The Goldman Sachs Group raised Huntington Ingalls Industries from a "sell" rating to a "buy" rating and increased their target price for the stock from $145.00 to $234.00 in a research note on Friday, April 11th. Barclays dropped their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of "Hold" and a consensus price target of $231.11.

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.