Sei Investments Co. Acquires 109,134 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Sei Investments Co. grew its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 32.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 445,926 shares of the aerospace company's stock after buying an additional 109,134 shares during the quarter. Sei Investments Co. owned approximately 1.14% of Huntington Ingalls Industries worth $84,269,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at about $7,777,000. ProVise Management Group LLC increased its position in Huntington Ingalls Industries by 11.3% in the 4th quarter. ProVise Management Group LLC now owns 5,030 shares of the aerospace company's stock valued at $951,000 after acquiring an additional 509 shares in the last quarter. Boston Partners raised its stake in shares of Huntington Ingalls Industries by 18.3% in the fourth quarter. Boston Partners now owns 19,566 shares of the aerospace company's stock worth $3,697,000 after acquiring an additional 3,021 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Huntington Ingalls Industries by 25.7% in the fourth quarter. Intech Investment Management LLC now owns 19,800 shares of the aerospace company's stock worth $3,742,000 after acquiring an additional 4,054 shares during the last quarter. Finally, Generali Asset Management SPA SGR acquired a new position in shares of Huntington Ingalls Industries during the fourth quarter worth approximately $2,056,000. Institutional investors and hedge funds own 90.46% of the company's stock.

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Huntington Ingalls Industries Trading Down 0.2 %

NYSE:HII traded down $0.40 during mid-day trading on Thursday, hitting $202.87. The company had a trading volume of 350,507 shares, compared to its average volume of 466,497. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $293.17. The firm has a market cap of $7.96 billion, a P/E ratio of 14.53, a P/E/G ratio of 1.15 and a beta of 0.49. The business's fifty day moving average is $188.39 and its two-hundred day moving average is $209.45.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced 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 net margin of 4.77% and a return on equity of 12.81%. As a group, research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 annualized dividend and a yield of 2.66%. Huntington Ingalls Industries's dividend payout ratio is presently 38.68%.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 750 shares of the business'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 transaction, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. The trade was a 20.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas C. Schievelbein bought 2,120 shares of the company's stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the acquisition, the director now directly owns 7,967 shares in the company, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HII shares. The Goldman Sachs Group dropped their price objective 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 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 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 stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $221.22.

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.