Barclays PLC Acquires 48,113 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Barclays PLC grew its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 54.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,004 shares of the aerospace company's stock after acquiring an additional 48,113 shares during the quarter. Barclays PLC owned about 0.35% of Huntington Ingalls Industries worth $36,221,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Continuum Advisory LLC grew its position in Huntington Ingalls Industries by 129.7% in the third quarter. Continuum Advisory LLC now owns 1,066 shares of the aerospace company's stock worth $282,000 after acquiring an additional 602 shares in the last quarter. Harvest Investment Advisors LLC boosted its holdings in shares of Huntington Ingalls Industries by 1.2% in the 3rd quarter. Harvest Investment Advisors LLC now owns 6,960 shares of the aerospace company's stock worth $1,840,000 after purchasing an additional 85 shares in the last quarter. Drucker Wealth 3.0 LLC increased its position in shares of Huntington Ingalls Industries by 2.7% during the 3rd quarter. Drucker Wealth 3.0 LLC now owns 10,032 shares of the aerospace company's stock valued at $2,652,000 after purchasing an additional 263 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Huntington Ingalls Industries by 11.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 11,864 shares of the aerospace company's stock valued at $3,137,000 after purchasing an additional 1,208 shares during the last quarter. Finally, MML Investors Services LLC raised its holdings in shares of Huntington Ingalls Industries by 0.6% during the 3rd quarter. MML Investors Services LLC now owns 11,363 shares of the aerospace company's stock valued at $3,004,000 after buying an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the transaction, the vice president now directly owns 19,627 shares of the company's stock, valued at approximately $4,028,245.48. The trade was a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.72% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Stock Up 0.7 %

HII traded up $1.29 during trading on Friday, reaching $192.14. The stock had a trading volume of 523,695 shares, compared to its average volume of 355,266. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 10.85, a P/E/G ratio of 1.86 and a beta of 0.55. The stock's 50 day moving average is $217.57 and its two-hundred day moving average is $245.32. Huntington Ingalls Industries, Inc. has a one year low of $184.29 and a one year high of $299.50.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.84 by ($1.28). The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The firm's revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.70 earnings per share. As a group, analysts expect that Huntington Ingalls Industries, Inc. will post 14.01 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $1.35 dividend. This is a boost from Huntington Ingalls Industries's previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Friday, November 29th. Huntington Ingalls Industries's payout ratio is currently 30.49%.

Analyst Ratings Changes

Several research firms have weighed in on HII. StockNews.com downgraded shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research note on Friday, November 1st. Bank of America dropped their price target on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating for the company in a research report on Wednesday, November 13th. TD Cowen cut shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price objective on the stock. in a research report on Friday, November 1st. Barclays dropped their target price on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an "equal weight" rating for the company in a report on Monday, November 4th. Finally, Wolfe Research cut Huntington Ingalls Industries from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $228.89.

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.