27,439 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Bought by Benson Investment Management Company Inc.

Benson Investment Management Company Inc. acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,439 shares of the aerospace company's stock, valued at approximately $5,185,000. Huntington Ingalls Industries makes up 2.2% of Benson Investment Management Company Inc.'s portfolio, making the stock its 20th largest position. Benson Investment Management Company Inc. owned about 0.07% of Huntington Ingalls Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in HII. Kathleen S. Wright Associates Inc. purchased a new position in shares of Huntington Ingalls Industries in the third quarter valued at about $29,000. Northwest Investment Counselors LLC purchased a new stake in shares of Huntington Ingalls Industries in the third quarter worth about $40,000. Truvestments Capital LLC purchased a new stake in shares of Huntington Ingalls Industries in the third quarter worth about $42,000. Bruce G. Allen Investments LLC lifted its position in shares of Huntington Ingalls Industries by 43.4% in the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company's stock worth $53,000 after buying an additional 85 shares in the last quarter. Finally, True Wealth Design LLC purchased a new stake in shares of Huntington Ingalls Industries in the third quarter worth about $60,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the sale, the vice president now owns 19,627 shares of the company's stock, valued at approximately $4,028,245.48. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Trading Up 1.0 %

NYSE:HII traded up $2.01 during midday trading on Tuesday, hitting $197.15. The stock had a trading volume of 429,463 shares, compared to its average volume of 412,565. Huntington Ingalls Industries, Inc. has a one year low of $184.29 and a one year high of $299.50. The company has a market capitalization of $7.71 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 1.86 and a beta of 0.56. The stock has a 50-day moving average of $193.73 and a 200 day moving average of $236.86. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings data 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). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period last year, the company earned $3.70 EPS. The firm's revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 14.01 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.74%. The ex-dividend date was Friday, November 29th. This is a boost from Huntington Ingalls Industries's previous quarterly dividend of $1.30. Huntington Ingalls Industries's dividend payout ratio (DPR) is 30.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. TD Cowen downgraded Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 target price on the stock. in a research report on Friday, November 1st. Bank of America decreased their target price on Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating on the stock in a research report on Wednesday, November 13th. The Goldman Sachs Group decreased their target price on Huntington Ingalls Industries from $226.00 to $194.00 and set a "sell" rating on the stock in a research report on Friday, November 1st. StockNews.com downgraded Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research report on Friday, November 1st. Finally, Barclays decreased their price objective on Huntington Ingalls Industries from $290.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $228.89.

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.