Lord Abbett & CO. LLC grew its stake in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 120,800 shares of the aerospace company’s stock after purchasing an additional 3,700 shares during the period. Lord Abbett & CO. LLC’s holdings in Huntington Ingalls Industries were worth $22,989,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in HII. LSV Asset Management raised its holdings in shares of Huntington Ingalls Industries by 425.0% in the 4th quarter. LSV Asset Management now owns 1,545,657 shares of the aerospace company’s stock worth $294,153,000 after acquiring an additional 1,251,220 shares during the last quarter. FMR LLC raised its holdings in shares of Huntington Ingalls Industries by 5.3% in the 3rd quarter. FMR LLC now owns 4,014,096 shares of the aerospace company’s stock worth $1,027,930,000 after acquiring an additional 200,602 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Huntington Ingalls Industries by 7.5% in the 3rd quarter. AQR Capital Management LLC now owns 2,208,378 shares of the aerospace company’s stock worth $565,521,000 after acquiring an additional 153,989 shares during the last quarter. Artemis Investment Management LLP raised its holdings in shares of Huntington Ingalls Industries by 32.2% in the 3rd quarter. Artemis Investment Management LLP now owns 617,820 shares of the aerospace company’s stock worth $158,232,000 after acquiring an additional 150,552 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Huntington Ingalls Industries by 30.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 511,604 shares of the aerospace company’s stock worth $131,012,000 after acquiring an additional 118,953 shares during the last quarter. Hedge funds and other institutional investors own 85.90% of the company’s stock.

In other news, Director Thomas B. Fargo sold 700 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $220.57, for a total transaction of $154,399.00. Following the completion of the transaction, the director now directly owns 648 shares of the company’s stock, valued at approximately $142,929.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jennifer R. Boykin sold 2,647 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $199.66, for a total transaction of $528,500.02. Following the transaction, the vice president now directly owns 4,660 shares of the company’s stock, valued at $930,415.60. The disclosure for this sale can be found here. Insiders sold a total of 11,909 shares of company stock valued at $2,480,337 over the last ninety days. 2.32% of the stock is currently owned by insiders.

A number of equities research analysts recently weighed in on HII shares. Barclays lowered shares of Huntington Ingalls Industries from an “overweight” rating to an “underweight” rating and lowered their target price for the stock from $245.00 to $215.00 in a report on Wednesday, January 23rd. Zacks Investment Research lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Thursday, January 17th. Cowen restated a “buy” rating and issued a $260.00 target price on shares of Huntington Ingalls Industries in a report on Monday, January 14th. Citigroup lowered their target price on shares of Huntington Ingalls Industries from $260.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, January 14th. Finally, JPMorgan Chase & Co. started coverage on shares of Huntington Ingalls Industries in a report on Monday, January 7th. They issued a “neutral” rating and a $230.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. Huntington Ingalls Industries has a consensus rating of “Hold” and an average target price of $248.00.

Shares of HII stock opened at $204.41 on Friday. Huntington Ingalls Industries Inc has a 52-week low of $173.80 and a 52-week high of $267.73. The company has a quick ratio of 0.88, a current ratio of 0.95 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $8.49 billion, a price-to-earnings ratio of 10.71 and a beta of 1.14.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, February 14th. The aerospace company reported $4.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.45 by $0.49. Huntington Ingalls Industries had a net margin of 10.23% and a return on equity of 49.48%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the prior year, the firm posted $3.11 EPS. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, equities analysts expect that Huntington Ingalls Industries Inc will post 15.05 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 22nd were given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Thursday, February 21st. Huntington Ingalls Industries’s payout ratio is 18.02%.

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Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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

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