Dimensional Fund Advisors LP Raises Stake in Huntington Ingalls Industries, Inc. $HII

Dimensional Fund Advisors LP increased its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 5.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 966,622 shares of the aerospace company’s stock after buying an additional 54,139 shares during the period. Dimensional Fund Advisors LP owned about 2.46% of Huntington Ingalls Industries worth $278,272,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HII. CI Investments Inc. boosted its stake in Huntington Ingalls Industries by 16.7% in the third quarter. CI Investments Inc. now owns 231 shares of the aerospace company’s stock valued at $67,000 after acquiring an additional 33 shares during the last quarter. Evergreen Capital Management LLC increased its stake in shares of Huntington Ingalls Industries by 3.9% during the 3rd quarter. Evergreen Capital Management LLC now owns 1,011 shares of the aerospace company’s stock worth $291,000 after purchasing an additional 38 shares during the last quarter. 1834 Investment Advisors Co. increased its stake in shares of Huntington Ingalls Industries by 1.6% during the 3rd quarter. 1834 Investment Advisors Co. now owns 2,535 shares of the aerospace company’s stock worth $730,000 after purchasing an additional 39 shares during the last quarter. O Keefe Stevens Advisory Inc. raised its holdings in shares of Huntington Ingalls Industries by 0.7% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 5,758 shares of the aerospace company’s stock worth $1,658,000 after purchasing an additional 40 shares during the period. Finally, Resona Asset Management Co. Ltd. raised its holdings in shares of Huntington Ingalls Industries by 10.1% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 438 shares of the aerospace company’s stock worth $122,000 after purchasing an additional 40 shares during the period. Institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on HII. The Goldman Sachs Group increased their price objective on Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Citigroup boosted their target price on Huntington Ingalls Industries from $450.00 to $465.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $421.00 price target on shares of Huntington Ingalls Industries in a research report on Wednesday, February 11th. TD Cowen increased their price target on Huntington Ingalls Industries from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Melius Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $384.13.

Huntington Ingalls Industries Price Performance

HII stock opened at $430.37 on Friday. The firm has a 50 day moving average of $408.85 and a 200-day moving average of $336.19. The firm has a market capitalization of $16.89 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 1.72 and a beta of 0.32. Huntington Ingalls Industries, Inc. has a 12 month low of $177.42 and a 12 month high of $460.00. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53.

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

Huntington Ingalls Industries Announces Dividend

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

Insider Activity

In related news, EVP Eric D. Chewning sold 1,700 shares of the stock in a transaction on Wednesday, March 4th. The stock was 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 filing with the SEC, which is accessible through the SEC website. Company insiders own 0.72% of the company’s stock.

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.