Kovitz Investment Group Partners LLC Boosts Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Kovitz Investment Group Partners LLC lifted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 251.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,861 shares of the aerospace company's stock after buying an additional 4,193 shares during the period. Kovitz Investment Group Partners LLC's holdings in Huntington Ingalls Industries were worth $1,550,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Voya Financial Advisors Inc. raised its holdings in shares of Huntington Ingalls Industries by 2.9% during the 3rd quarter. Voya Financial Advisors Inc. now owns 2,800 shares of the aerospace company's stock valued at $737,000 after buying an additional 79 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Huntington Ingalls Industries by 7.2% during the 3rd quarter. Wellington Management Group LLP now owns 6,050 shares of the aerospace company's stock valued at $1,599,000 after buying an additional 406 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Huntington Ingalls Industries by 36.6% during the 3rd quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company's stock valued at $6,181,000 after buying an additional 6,253 shares in the last quarter. SYM FINANCIAL Corp increased its stake in Huntington Ingalls Industries by 9.4% in the 3rd quarter. SYM FINANCIAL Corp now owns 953 shares of the aerospace company's stock worth $252,000 after purchasing an additional 82 shares during the period. Finally, Quantinno Capital Management LP increased its stake in Huntington Ingalls Industries by 64.4% in the 3rd quarter. Quantinno Capital Management LP now owns 22,355 shares of the aerospace company's stock worth $5,910,000 after purchasing an additional 8,760 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 400 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the transaction, the vice president now owns 19,627 shares in the company, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Stock Up 0.4 %

Shares of NYSE HII traded up $0.67 during mid-day trading on Wednesday, hitting $191.65. 695,995 shares of the stock traded hands, compared to its average volume of 353,908. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. Huntington Ingalls Industries, Inc. has a 52 week low of $184.29 and a 52 week high of $299.50. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 1.82 and a beta of 0.55. The stock has a fifty day moving average price of $221.63 and a 200-day moving average price of $246.58.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the prior year, the firm earned $3.70 earnings per share. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. Research analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.07 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.82%. This is an increase from Huntington Ingalls Industries's previous quarterly dividend of $1.30. The ex-dividend date is Friday, November 29th. Huntington Ingalls Industries's payout ratio is 30.49%.

Analyst Ratings Changes

A number of brokerages have commented on HII. The Goldman Sachs Group decreased their price target on Huntington Ingalls Industries from $226.00 to $194.00 and set a "sell" rating on the stock in a research note on Friday, November 1st. Barclays decreased their price target on Huntington Ingalls Industries from $290.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Monday, November 4th. JPMorgan Chase & Co. cut Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and lifted their price target for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. StockNews.com cut Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research note on Friday, November 1st. 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 report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $228.89.

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.