Hotchkis & Wiley Capital Management LLC Has $41.44 Million Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,727 shares of the aerospace company's stock after buying an additional 4,640 shares during the period. Hotchkis & Wiley Capital Management LLC owned 0.40% of Huntington Ingalls Industries worth $41,435,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Atria Investments Inc purchased a new stake in Huntington Ingalls Industries in the first quarter valued at approximately $1,708,000. Cetera Investment Advisers grew its position in shares of Huntington Ingalls Industries by 168.2% in the first quarter. Cetera Investment Advisers now owns 12,392 shares of the aerospace company's stock valued at $3,612,000 after purchasing an additional 7,771 shares in the last quarter. Cetera Advisors LLC increased its stake in Huntington Ingalls Industries by 17.9% during the first quarter. Cetera Advisors LLC now owns 2,375 shares of the aerospace company's stock worth $692,000 after acquiring an additional 361 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Huntington Ingalls Industries by 6.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 2,205 shares of the aerospace company's stock worth $615,000 after purchasing an additional 131 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Huntington Ingalls Industries by 16.4% during the second quarter. GAMMA Investing LLC now owns 320 shares of the aerospace company's stock worth $79,000 after buying an additional 45 shares during the period. Institutional investors own 90.46% of the company's stock.

Insider Activity

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

Huntington Ingalls Industries Stock Performance

NYSE:HII traded down $3.03 during trading hours on Tuesday, reaching $191.81. 471,281 shares of the stock were exchanged, compared to its average volume of 346,243. The stock has a market capitalization of $7.51 billion, a P/E ratio of 10.83, a P/E/G ratio of 1.85 and a beta of 0.55. The firm has a 50 day simple moving average of $230.04 and a 200-day simple moving average of $249.28. 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, Inc. has a 52 week low of $184.29 and a 52 week high of $299.50.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.84 by ($1.28). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the previous year, the business posted $3.70 earnings per share. The business's quarterly revenue 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 14.31 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $1.35 dividend. This is a positive change 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 2.82%. The ex-dividend date is Friday, November 29th. Huntington Ingalls Industries's dividend payout ratio is currently 30.49%.

Analysts Set New Price Targets

A number of equities analysts recently commented on HII shares. JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and boosted their target price for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. The Goldman Sachs Group lowered their target price on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a "sell" rating on the stock in a report on Friday, November 1st. TD Cowen downgraded shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price target for the company. in a report on Friday, November 1st. Wolfe Research lowered shares of Huntington Ingalls Industries from an "outperform" rating to a "peer perform" rating in a research report on Thursday, October 10th. Finally, Vertical Research lowered Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $275.00 price objective on the stock. in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus 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.