Russell Investments Group Ltd. Acquires 2,637 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Russell Investments Group Ltd. boosted its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 13.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,968 shares of the aerospace company’s stock after buying an additional 2,637 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.06% of Huntington Ingalls Industries worth $5,962,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Huntington Ingalls Industries by 0.5% in the 3rd quarter. FMR LLC now owns 2,511,066 shares of the aerospace company’s stock worth $513,714,000 after purchasing an additional 12,322 shares in the last quarter. Earnest Partners LLC raised its stake in shares of Huntington Ingalls Industries by 5.9% in the third quarter. Earnest Partners LLC now owns 544,166 shares of the aerospace company’s stock worth $111,325,000 after buying an additional 30,296 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in shares of Huntington Ingalls Industries by 0.6% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 492,959 shares of the aerospace company’s stock valued at $100,850,000 after buying an additional 2,818 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Huntington Ingalls Industries by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 358,772 shares of the aerospace company’s stock valued at $73,398,000 after buying an additional 4,516 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Huntington Ingalls Industries by 11.6% during the 3rd quarter. Northern Trust Corp now owns 351,432 shares of the aerospace company’s stock valued at $71,896,000 after acquiring an additional 36,560 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Barclays lifted their price target on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. JPMorgan Chase & Co. upped their target price on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Finally, StockNews.com cut Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP Edgar A. Green III sold 3,603 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $290.75, for a total transaction of $1,047,572.25. Following the sale, the vice president now directly owns 7,461 shares of the company’s stock, valued at approximately $2,169,285.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Edgar A. Green III sold 3,603 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $290.75, for a total value of $1,047,572.25. Following the completion of the transaction, the vice president now directly owns 7,461 shares of the company’s stock, valued at $2,169,285.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Nicolas G. Schuck sold 1,293 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $291.28, for a total transaction of $376,625.04. Following the sale, the chief accounting officer now directly owns 2,250 shares in the company, valued at approximately $655,380. The disclosure for this sale can be found here. Insiders sold 7,572 shares of company stock worth $2,161,024 in the last quarter. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Trading Down 0.7 %

Huntington Ingalls Industries stock opened at $246.92 on Thursday. Huntington Ingalls Industries, Inc. has a 1 year low of $193.38 and a 1 year high of $299.50. The firm’s 50 day moving average price is $280.71 and its 200-day moving average price is $262.09. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.89. The stock has a market cap of $9.74 billion, a P/E ratio of 13.92, a PEG ratio of 2.32 and a beta of 0.60.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.50 by $0.37. Huntington Ingalls Industries had a net margin of 6.09% and a return on equity of 18.08%. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the previous year, the firm posted $3.23 EPS. Huntington Ingalls Industries’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts predict that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Friday, May 31st. Huntington Ingalls Industries’s payout ratio is presently 29.31%.

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.