Huntington Ingalls Industries, Inc. $HII Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 17.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,318 shares of the aerospace company’s stock after purchasing an additional 1,860 shares during the period. Advisors Asset Management Inc.’s holdings in Huntington Ingalls Industries were worth $3,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in HII. Geode Capital Management LLC raised its stake in shares of Huntington Ingalls Industries by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,047,205 shares of the aerospace company’s stock valued at $252,403,000 after buying an additional 16,236 shares during the last quarter. Bank of America Corp DE grew its holdings in Huntington Ingalls Industries by 4.0% during the second quarter. Bank of America Corp DE now owns 666,440 shares of the aerospace company’s stock worth $160,919,000 after acquiring an additional 25,737 shares during the period. Sei Investments Co. raised its position in Huntington Ingalls Industries by 4.2% during the second quarter. Sei Investments Co. now owns 465,250 shares of the aerospace company’s stock valued at $112,337,000 after acquiring an additional 18,777 shares in the last quarter. Maverick Capital Ltd. acquired a new position in Huntington Ingalls Industries in the second quarter valued at approximately $93,332,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Huntington Ingalls Industries by 1.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 383,033 shares of the aerospace company’s stock valued at $92,487,000 after acquiring an additional 6,670 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 787 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $314.17, for a total value of $247,251.79. Following the completion of the sale, the vice president owned 20,441 shares of the company’s stock, valued at approximately $6,421,948.97. This trade represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Edmond E. Jr. Hughes sold 850 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $315.44, for a total value of $268,124.00. Following the transaction, the vice president directly owned 8,731 shares in the company, valued at $2,754,106.64. This trade represents a 8.87% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.72% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Stock Up 2.9%

Shares of HII opened at $418.58 on Friday. The stock has a 50 day moving average price of $378.58 and a 200 day moving average price of $318.64. Huntington Ingalls Industries, Inc. has a one year low of $159.41 and a one year high of $436.14. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.13. The stock has a market capitalization of $16.43 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 1.71 and a beta of 0.34.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the firm posted $3.15 EPS. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Thursday, January 22nd. The Goldman Sachs Group raised their price target on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Bank of America raised shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $300.00 to $400.00 in a report on Thursday. Sanford C. Bernstein reissued a “market perform” rating and set a $421.00 target price on shares of Huntington Ingalls Industries in a research note on Wednesday. Finally, Melius Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $370.38.

Huntington Ingalls Industries Profile

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.