Legal & General Group Plc lifted its stake in Huntington Ingalls Industries Inc (NYSE:HII) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,672 shares of the aerospace company’s stock after acquiring an additional 5,162 shares during the period. Legal & General Group Plc owned 0.21% of Huntington Ingalls Industries worth $21,208,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HII. Koch Industries Inc. raised its position in shares of Huntington Ingalls Industries by 30,333.4% in the 2nd quarter. Koch Industries Inc. now owns 357,288 shares of the aerospace company’s stock worth $355,000 after acquiring an additional 356,114 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Huntington Ingalls Industries by 9,035.5% in the 2nd quarter. Janus Henderson Group PLC now owns 321,934 shares of the aerospace company’s stock worth $59,931,000 after acquiring an additional 318,410 shares in the last quarter. Discovery Capital Management LLC CT raised its position in shares of Huntington Ingalls Industries by 82.4% in the 2nd quarter. Discovery Capital Management LLC CT now owns 576,347 shares of the aerospace company’s stock worth $107,293,000 after acquiring an additional 260,408 shares in the last quarter. BlackRock Inc. raised its position in shares of Huntington Ingalls Industries by 2.7% in the 2nd quarter. BlackRock Inc. now owns 4,572,209 shares of the aerospace company’s stock worth $851,165,000 after acquiring an additional 120,171 shares in the last quarter. Finally, FMR LLC raised its position in shares of Huntington Ingalls Industries by 4.1% in the 2nd quarter. FMR LLC now owns 2,881,190 shares of the aerospace company’s stock worth $536,363,000 after acquiring an additional 114,098 shares in the last quarter. 84.23% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Inc (HII) opened at $237.01 on Friday. Huntington Ingalls Industries Inc has a one year low of $174.07 and a one year high of $253.44. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.38 and a current ratio of 1.52. The firm has a market capitalization of $10,727.31, a price-to-earnings ratio of 19.72, a P/E/G ratio of 1.32 and a beta of 1.17.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.78 by $0.49. Huntington Ingalls Industries had a return on equity of 33.37% and a net margin of 8.31%. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the business earned $2.27 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. analysts predict that Huntington Ingalls Industries Inc will post 12.01 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 24th were paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.22%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $0.60. The ex-dividend date was Wednesday, November 22nd. Huntington Ingalls Industries’s payout ratio is 21.75%.

Huntington Ingalls Industries announced that its board has authorized a stock buyback plan on Tuesday, November 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Several research analysts have recently commented on the company. Credit Suisse Group reissued a “neutral” rating and issued a $241.00 price target (up from $211.00) on shares of Huntington Ingalls Industries in a research report on Thursday, November 9th. Zacks Investment Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 target price on the stock in a research note on Friday, November 10th. Citigroup restated a “neutral” rating and set a $233.00 target price (up from $224.00) on shares of Huntington Ingalls Industries in a research note on Monday, October 9th. Cowen restated a “hold” rating and set a $225.00 target price on shares of Huntington Ingalls Industries in a research note on Friday, October 6th. Finally, ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus price target of $222.57.

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 800 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $240.33, for a total transaction of $192,264.00. Following the sale, the vice president now owns 19,065 shares in the company, valued at approximately $4,581,891.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Philip M. Bilden purchased 2,200 shares of the company’s stock in a transaction on Friday, November 24th. The shares were purchased at an average price of $234.11 per share, for a total transaction of $515,042.00. The disclosure for this purchase can be found here. 2.22% of the stock is currently owned by insiders.

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Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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