Citigroup Inc. Buys 2,847 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Citigroup Inc. raised its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 3.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 82,752 shares of the aerospace company's stock after buying an additional 2,847 shares during the period. Citigroup Inc. owned about 0.21% of Huntington Ingalls Industries worth $21,878,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Van ECK Associates Corp raised its stake in Huntington Ingalls Industries by 94.5% during the 3rd quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company's stock valued at $455,222,000 after buying an additional 863,800 shares during the last quarter. AQR Capital Management LLC raised its stake in Huntington Ingalls Industries by 41.6% during the 2nd quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company's stock valued at $180,458,000 after buying an additional 215,362 shares during the last quarter. Earnest Partners LLC raised its stake in Huntington Ingalls Industries by 1.9% during the 2nd quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company's stock valued at $157,326,000 after buying an additional 11,693 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Huntington Ingalls Industries by 8.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 521,426 shares of the aerospace company's stock valued at $128,443,000 after acquiring an additional 40,942 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Huntington Ingalls Industries by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 502,442 shares of the aerospace company's stock valued at $123,771,000 after acquiring an additional 13,439 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 400 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the sale, the vice president now owns 19,627 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. 0.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HII has been the subject of a number of recent research reports. Bank of America cut their price objective 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. StockNews.com downgraded shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research report on Friday, November 1st. The Goldman Sachs Group cut their price objective on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a "sell" rating for the company in a research report on Friday, November 1st. Alembic Global Advisors downgraded shares of Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and set a $210.00 price objective for the company. in a research report on Friday, November 1st. Finally, Barclays cut their price objective on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an "equal weight" rating for the company in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $228.89.

Huntington Ingalls Industries Price Performance

Huntington Ingalls Industries stock traded up $1.35 during mid-day trading on Wednesday, hitting $199.33. The stock had a trading volume of 595,564 shares, compared to its average volume of 345,190. The firm has a market capitalization of $7.80 billion, a P/E ratio of 11.24, a P/E/G ratio of 1.85 and a beta of 0.55. 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 firm's 50 day moving average is $235.67 and its 200 day moving average is $250.84. 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 earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share 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 in the prior year, the company posted $3.70 EPS. The company's quarterly revenue was down 2.4% on a year-over-year basis. On average, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 14.63 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $1.35 dividend. This is an increase 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 2.71%. The ex-dividend date is Friday, November 29th. Huntington Ingalls Industries's payout ratio is currently 29.36%.

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.