FIL Ltd Invests $3.49 Million in Huntington Ingalls Industries, Inc. (NYSE:HII)

FIL Ltd 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 & Exchange Commission. The institutional investor acquired 18,461 shares of the aerospace company's stock, valued at approximately $3,489,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its position in shares of Huntington Ingalls Industries by 503.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock valued at $30,000 after acquiring an additional 131 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth $48,000. Bruce G. Allen Investments LLC increased its holdings in 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 valued at $53,000 after purchasing an additional 85 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in Huntington Ingalls Industries by 156.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock valued at $91,000 after buying an additional 294 shares during the period. Finally, Exchange Traded Concepts LLC boosted its holdings in Huntington Ingalls Industries by 37.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company's stock worth $101,000 after buying an additional 145 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Stock Up 7.5 %

Shares of HII stock opened at $216.00 on Friday. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $285.81. 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 has a fifty day moving average of $187.89 and a 200-day moving average of $203.52. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 15.47, a P/E/G ratio of 1.15 and a beta of 0.34.

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Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results 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, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries's dividend payout ratio is presently 38.68%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HII. Barclays lowered 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 note on Monday, February 10th. The Goldman Sachs Group upgraded shares of 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 report on Friday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $231.11.

Insider Buying and Selling

In other news, CAO Nicolas G. Schuck sold 750 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the sale, the chief accounting officer now owns 2,884 shares in the company, valued at $546,691.04. This represents a 20.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Thomas C. Schievelbein bought 2,120 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the acquisition, the director now owns 7,967 shares of the company's stock, valued at $1,313,120.94. The trade was a 36.26 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by corporate insiders.

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.

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