KBC Group NV Acquires 1,304 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

KBC Group NV grew its stake in Huntington Ingalls Industries, Inc. (NYSE:HIIFree Report) by 30.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,541 shares of the aerospace company’s stock after purchasing an additional 1,304 shares during the period. KBC Group NV’s holdings in Huntington Ingalls Industries were worth $1,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. FMR LLC lifted its holdings in Huntington Ingalls Industries by 0.5% during the 3rd quarter. FMR LLC now owns 2,511,066 shares of the aerospace company’s stock valued at $513,714,000 after purchasing an additional 12,322 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Huntington Ingalls Industries by 5,658.6% in the 4th quarter. Van ECK Associates Corp now owns 684,235 shares of the aerospace company’s stock worth $177,655,000 after acquiring an additional 672,353 shares in the last quarter. Earnest Partners LLC grew its position in Huntington Ingalls Industries by 5.9% during the 3rd quarter. Earnest Partners LLC now owns 544,166 shares of the aerospace company’s stock worth $111,325,000 after acquiring an additional 30,296 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Huntington Ingalls Industries by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 478,560 shares of the aerospace company’s stock valued at $124,251,000 after purchasing an additional 9,560 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Huntington Ingalls Industries by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 368,532 shares of the aerospace company’s stock worth $95,686,000 after purchasing an additional 9,760 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Performance

Shares of NYSE:HII opened at $249.21 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54. Huntington Ingalls Industries, Inc. has a 1-year low of $199.11 and a 1-year high of $299.50. The stock has a market capitalization of $9.83 billion, a P/E ratio of 14.05, a P/E/G ratio of 2.14 and a beta of 0.56. The business has a 50-day moving average price of $263.72 and a two-hundred day moving average price of $265.74.

Huntington Ingalls Industries (NYSE:HIIGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share for the quarter, topping 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 business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the previous year, the firm posted $3.23 earnings per share. Huntington Ingalls Industries’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts predict that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.09%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.31%.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 1,500 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $256.07, for a total value of $384,105.00. Following the transaction, the vice president now owns 8,135 shares of the company’s stock, valued at $2,083,129.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Edmond E. Jr. Hughes sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $256.07, for a total transaction of $384,105.00. Following the completion of the transaction, the vice president now owns 8,135 shares in the company, valued at $2,083,129.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jennifer R. Boykin sold 1,043 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $252.03, for a total transaction of $262,867.29. Following the completion of the sale, the vice president now owns 11,961 shares of the company’s stock, valued at approximately $3,014,530.83. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HII has been the topic of several research reports. StockNews.com downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. 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 research report on Thursday, March 21st. Finally, Citigroup started coverage on shares of Huntington Ingalls Industries in a report on Monday, May 20th. They issued a “buy” rating and a $310.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $278.00.

Read Our Latest Report on Huntington Ingalls Industries

Huntington Ingalls Industries Company Profile

(Free Report)

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.

See Also

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

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