Russell Investments Group Ltd. Buys 61,548 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Russell Investments Group Ltd. boosted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 215.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,119 shares of the aerospace company's stock after purchasing an additional 61,548 shares during the quarter. Russell Investments Group Ltd. owned about 0.23% of Huntington Ingalls Industries worth $17,030,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. River Road Asset Management LLC bought a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at $65,215,000. Diamond Hill Capital Management Inc. raised its position in shares of Huntington Ingalls Industries by 132.9% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company's stock worth $79,387,000 after purchasing an additional 239,688 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth about $36,191,000. Raymond James Financial Inc. bought a new position in shares of Huntington Ingalls Industries during the 4th quarter valued at about $27,881,000. Finally, Sei Investments Co. grew its position in shares of Huntington Ingalls Industries by 32.4% in the 4th quarter. Sei Investments Co. now owns 445,926 shares of the aerospace company's stock valued at $84,269,000 after purchasing an additional 109,134 shares during the period. Institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on HII shares. Barclays reduced their price target on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. The Goldman Sachs Group upgraded shares of Huntington Ingalls Industries from a "sell" rating to a "buy" rating and increased their target price for the stock from $145.00 to $234.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $231.11.

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Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the transaction, the chief accounting officer now owns 2,884 shares of the company's stock, valued at $546,691.04. The trade was a 20.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $164.82 per share, with a total value of $349,418.40. Following the transaction, 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 disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Stock Performance

HII stock traded down $0.09 during trading hours on Tuesday, hitting $219.86. 224,513 shares of the stock were exchanged, compared to its average volume of 504,749. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $285.81. The firm has a market capitalization of $8.63 billion, a P/E ratio of 15.72, a P/E/G ratio of 1.15 and a beta of 0.34. The company has a 50-day simple moving average of $188.37 and a two-hundred day simple moving average of $202.82. 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 (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing analysts' consensus estimates 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 forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $1.35 per share. The ex-dividend date was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a yield of 2.46%. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 38.68%.

Huntington Ingalls Industries Company 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.