Grantham Mayo Van Otterloo & Co. LLC Makes New Investment in Huntington Ingalls Industries, Inc. (NYSE:HII)

Grantham Mayo Van Otterloo & Co. LLC bought a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,716 shares of the aerospace company's stock, valued at approximately $1,836,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Generali Asset Management SPA SGR acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter worth $2,056,000. Assetmark Inc. raised its holdings in shares of Huntington Ingalls Industries by 2,154.9% during the fourth quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock valued at $1,474,000 after acquiring an additional 7,456 shares during the period. Northcape Wealth Management LLC purchased a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $3,642,000. Stifel Financial Corp boosted its stake in Huntington Ingalls Industries by 36.6% in the 3rd quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company's stock worth $6,181,000 after purchasing an additional 6,253 shares during the period. Finally, O Keefe Stevens Advisory Inc. grew its position in Huntington Ingalls Industries by 63.0% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company's stock worth $655,000 after purchasing an additional 1,339 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

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Huntington Ingalls Industries Stock Up 7.5 %

Shares of HII traded up $15.11 during mid-day trading on Friday, hitting $216.00. 1,472,927 shares of the company's stock were exchanged, compared to its average volume of 503,218. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $285.81. The firm has a fifty day moving average of $187.89 and a two-hundred day moving average of $203.12. The stock has a market cap 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.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing analysts' consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. On average, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries's dividend payout ratio is currently 38.68%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on HII shares. Barclays lowered their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group raised shares of Huntington Ingalls Industries from a "sell" rating to a "buy" rating and boosted their price objective for the company from $145.00 to $234.00 in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Huntington Ingalls Industries presently has an average rating of "Hold" and an average price target of $231.11.

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.