Huntington Ingalls Industries, Inc. (NYSE:HII) Position Increased by LPL Financial LLC

LPL Financial LLC boosted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 88.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,183 shares of the aerospace company's stock after purchasing an additional 55,436 shares during the period. LPL Financial LLC owned approximately 0.30% of Huntington Ingalls Industries worth $22,333,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in HII. Sei Investments Co. lifted its holdings in Huntington Ingalls Industries by 32.4% in the 4th quarter. Sei Investments Co. now owns 445,926 shares of the aerospace company's stock worth $84,269,000 after buying an additional 109,134 shares in the last quarter. Quantbot Technologies LP purchased a new position in Huntington Ingalls Industries in the fourth quarter valued at about $7,777,000. ProVise Management Group LLC grew its stake in Huntington Ingalls Industries by 11.3% during the 4th quarter. ProVise Management Group LLC now owns 5,030 shares of the aerospace company's stock valued at $951,000 after purchasing an additional 509 shares in the last quarter. Boston Partners increased its holdings in Huntington Ingalls Industries by 18.3% during the 4th quarter. Boston Partners now owns 19,566 shares of the aerospace company's stock worth $3,697,000 after purchasing an additional 3,021 shares during the last quarter. Finally, Intech Investment Management LLC raised its position in shares of Huntington Ingalls Industries by 25.7% in the 4th quarter. Intech Investment Management LLC now owns 19,800 shares of the aerospace company's stock valued at $3,742,000 after purchasing an additional 4,054 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HII shares. The Goldman Sachs Group decreased their price target on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating for the company in a research report on Monday, February 10th. Barclays dropped their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $221.22.

Huntington Ingalls Industries Stock Performance

NYSE:HII traded down $4.81 during midday trading on Thursday, reaching $200.12. 314,451 shares of the company traded hands, compared to its average volume of 485,808. The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 1.15 and a beta of 0.49. The company has a fifty day moving average price of $188.38 and a 200 day moving average price of $207.45. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $289.26.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries's dividend payout ratio is currently 38.68%.

Insider Buying and Selling

In related news, Director Thomas C. Schievelbein purchased 2,120 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $164.82 per share, with a total value of $349,418.40. Following the purchase, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Nicolas G. Schuck sold 750 shares of the company's stock in a transaction that occurred on 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 owns 2,884 shares of the company's stock, valued at $546,691.04. This trade represents a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company's stock.

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.