Diamond Hill Capital Management Inc. Purchases 239,688 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Diamond Hill Capital Management Inc. increased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 132.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 420,102 shares of the aerospace company's stock after purchasing an additional 239,688 shares during the period. Diamond Hill Capital Management Inc. owned about 1.07% of Huntington Ingalls Industries worth $79,387,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Commonwealth Equity Services LLC grew its position in Huntington Ingalls Industries by 80.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 22,180 shares of the aerospace company's stock valued at $4,191,000 after acquiring an additional 9,913 shares during the period. Thompson Siegel & Walmsley LLC grew its position in Huntington Ingalls Industries by 7.6% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 453,178 shares of the aerospace company's stock valued at $85,637,000 after acquiring an additional 31,934 shares during the period. Avantax Advisory Services Inc. grew its position in Huntington Ingalls Industries by 47.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 7,865 shares of the aerospace company's stock valued at $1,486,000 after acquiring an additional 2,546 shares during the period. Essential Planning LLC. bought a new stake in Huntington Ingalls Industries in the fourth quarter valued at $2,457,000. Finally, EverSource Wealth Advisors LLC grew its position in Huntington Ingalls Industries by 503.8% in the fourth 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 period. 90.46% of the stock is currently owned by institutional investors.

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Huntington Ingalls Industries Trading Up 0.6 %

Shares of HII traded up $1.29 during trading hours on Tuesday, hitting $208.42. 681,702 shares of the stock traded hands, compared to its average volume of 456,867. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $294.81. The firm has a market capitalization of $8.18 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 1.15 and a beta of 0.49. The business has a fifty day moving average of $186.67 and a 200-day moving average of $212.48.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. Analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries's payout ratio is 38.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HII shares. The Goldman Sachs Group reduced their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating on the stock in a research note on Monday, February 10th. Barclays reduced their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $221.22.

Insider Buying and Selling at Huntington Ingalls Industries

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

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.