Russell Investments Group Ltd. Raises Position in Huntington Ingalls Industries, Inc. $HII

Russell Investments Group Ltd. boosted its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 13.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 117,743 shares of the aerospace company’s stock after buying an additional 13,741 shares during the period. Russell Investments Group Ltd. owned approximately 0.30% of Huntington Ingalls Industries worth $33,896,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HII. Maverick Capital Ltd. purchased a new stake in shares of Huntington Ingalls Industries in the 2nd quarter valued at about $93,332,000. Orion Porfolio Solutions LLC grew its holdings in shares of Huntington Ingalls Industries by 3,576.2% during the second quarter. Orion Porfolio Solutions LLC now owns 195,759 shares of the aerospace company’s stock worth $47,268,000 after purchasing an additional 190,434 shares in the last quarter. Sunriver Management LLC bought a new position in shares of Huntington Ingalls Industries in the second quarter worth approximately $31,532,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Huntington Ingalls Industries by 58.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,080 shares of the aerospace company’s stock valued at $67,145,000 after purchasing an additional 102,315 shares in the last quarter. Finally, Citigroup Inc. raised its stake in Huntington Ingalls Industries by 83.5% in the third quarter. Citigroup Inc. now owns 205,133 shares of the aerospace company’s stock valued at $59,060,000 after purchasing an additional 93,371 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock opened at $414.34 on Thursday. Huntington Ingalls Industries, Inc. has a 12-month low of $177.42 and a 12-month high of $460.00. The firm has a market cap of $16.26 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.70 and a beta of 0.32. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.53. The company’s fifty day simple moving average is $413.52 and its two-hundred day simple moving average is $339.89.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, beating analysts’ consensus estimates of $3.72 by $0.32. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The business had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the company posted $3.15 EPS. Huntington Ingalls Industries’s quarterly revenue was up 15.7% compared to the same quarter last year. As a group, equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $1.38 dividend. The ex-dividend date is Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 1.3%. Huntington Ingalls Industries’s payout ratio is 35.91%.

Insiders Place Their Bets

In other news, VP Chad N. Boudreaux sold 4,400 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $422.45, for a total value of $1,858,780.00. Following the completion of the sale, the vice president directly owned 20,360 shares of the company’s stock, valued at approximately $8,601,082. This trade represents a 17.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Eric D. Chewning sold 1,700 shares of Huntington Ingalls Industries stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $433.44, for a total transaction of $736,848.00. Following the sale, the executive vice president directly owned 1,949 shares in the company, valued at $844,774.56. The trade was a 46.59% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.72% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wall Street Zen cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Citigroup lifted their price objective on shares of Huntington Ingalls Industries from $450.00 to $465.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. The Goldman Sachs Group upped their target price on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Weiss Ratings cut Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. Finally, Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and raised their price target for the company from $300.00 to $400.00 in a research report on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $384.13.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.