Fmr LLC Buys 187,411 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

FMR LLC boosted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 5.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,519,111 shares of the aerospace company's stock after acquiring an additional 187,411 shares during the period. FMR LLC owned 8.99% of Huntington Ingalls Industries worth $930,383,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rosenberg Matthew Hamilton lifted its position in shares of Huntington Ingalls Industries by 8.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company's stock valued at $139,000 after acquiring an additional 40 shares during the period. Oliver Lagore Vanvalin Investment Group grew its stake in shares of Huntington Ingalls Industries by 9.1% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 492 shares of the aerospace company's stock valued at $121,000 after buying an additional 41 shares during the period. Ballentine Partners LLC increased its position in Huntington Ingalls Industries by 1.6% in the 2nd quarter. Ballentine Partners LLC now owns 2,625 shares of the aerospace company's stock valued at $647,000 after buying an additional 42 shares in the last quarter. GAMMA Investing LLC raised its stake in Huntington Ingalls Industries by 16.4% during the 2nd 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. Finally, Hilltop National Bank boosted its holdings in Huntington Ingalls Industries by 15.1% in the second quarter. Hilltop National Bank now owns 359 shares of the aerospace company's stock worth $88,000 after acquiring an additional 47 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

HII has been the subject of several research reports. Wolfe Research downgraded shares of Huntington Ingalls Industries from an "outperform" rating to a "peer perform" rating in a research report on Thursday, October 10th. StockNews.com cut shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a report on Friday, November 1st. Barclays lowered their target price on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an "equal weight" rating on the stock in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating for the company in a research note on Friday, November 1st. Finally, TD Cowen downgraded Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price objective for the company. in a research note on Friday, November 1st. 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's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $228.89.

Insider Activity

In other news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction on 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. The trade was a 2.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.72% of the stock is owned by company insiders.

Huntington Ingalls Industries Stock Performance

Shares of HII stock traded up $1.39 during trading on Thursday, reaching $199.37. 595,687 shares of the company's stock traded hands, compared to its average volume of 345,190. Huntington Ingalls Industries, Inc. has a 1 year low of $184.29 and a 1 year high of $299.50. The company has a market capitalization of $7.80 billion, a P/E ratio of 11.26, a PEG 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 $234.27 and its 200 day moving average is $250.48.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the business earned $3.70 earnings per share. Huntington Ingalls Industries's revenue was down 2.4% on a year-over-year basis. Equities research analysts expect that Huntington Ingalls Industries, Inc. will post 14.63 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.71%. This is an increase from Huntington Ingalls Industries's previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Friday, November 29th. Huntington Ingalls Industries's dividend payout ratio is presently 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.