Russell Investments Group Ltd. Boosts Stake in Huntington Ingalls Industries, Inc. $HII

Russell Investments Group Ltd. lifted its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 13.2% in the 3rd quarter, Holdings Channel reports. The fund owned 117,743 shares of the aerospace company’s stock after acquiring an additional 13,741 shares during the quarter. Russell Investments Group Ltd.’s holdings in Huntington Ingalls Industries were worth $33,896,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CYBER HORNET ETFs LLC bought a new stake in shares of Huntington Ingalls Industries during the second quarter valued at approximately $25,000. Rakuten Securities Inc. raised its holdings in Huntington Ingalls Industries by 140.0% in the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 63 shares in the last quarter. Versant Capital Management Inc lifted its position in Huntington Ingalls Industries by 120.0% during the third quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock valued at $32,000 after buying an additional 60 shares during the period. Anchor Investment Management LLC lifted its position in Huntington Ingalls Industries by 400.0% during the second quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock valued at $30,000 after buying an additional 100 shares during the period. Finally, Root Financial Partners LLC purchased a new position in Huntington Ingalls Industries during the third quarter valued at $36,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Down 0.8%

Shares of NYSE:HII opened at $414.34 on Thursday. The company has a market cap of $16.26 billion, a P/E ratio of 26.96, a PEG ratio of 1.70 and a beta of 0.32. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.13 and a quick ratio of 1.06. Huntington Ingalls Industries, Inc. has a 1 year low of $177.42 and a 1 year high of $460.00. The stock’s fifty day moving average price is $413.52 and its 200-day moving average price is $339.89.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, topping the consensus estimate 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 company had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the company earned $3.15 EPS. Huntington Ingalls Industries’s revenue for the quarter was up 15.7% on a year-over-year basis. Sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share 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. Stockholders of record on Friday, February 27th will be paid a $1.38 dividend. The ex-dividend date is Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.3%. Huntington Ingalls Industries’s payout ratio is currently 35.91%.

Insider Buying and Selling

In related news, EVP Eric D. Chewning sold 1,700 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $433.44, for a total value of $736,848.00. Following the sale, the executive vice president owned 1,949 shares in the company, valued at approximately $844,774.56. This trade represents a 46.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Chad N. Boudreaux sold 4,400 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $422.45, for a total transaction 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HII. Melius Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. TD Cowen increased their price objective on shares of Huntington Ingalls Industries from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Weiss Ratings lowered shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. The Goldman Sachs Group lifted their target price on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, Citigroup upped their target price on shares of Huntington Ingalls Industries from $450.00 to $465.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $384.13.

About Huntington Ingalls Industries

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.