Huntington Ingalls Industries, Inc. $HII Shares Acquired by Markel Group Inc.

Markel Group Inc. raised its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HIIFree Report) by 24.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,500 shares of the aerospace company’s stock after acquiring an additional 5,000 shares during the period. Markel Group Inc.’s holdings in Huntington Ingalls Industries were worth $8,672,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in HII. M&T Bank Corp raised its position in Huntington Ingalls Industries by 205.8% during the fourth quarter. M&T Bank Corp now owns 40,031 shares of the aerospace company’s stock worth $13,613,000 after acquiring an additional 26,940 shares during the period. Jones Financial Companies Lllp raised its position in Huntington Ingalls Industries by 31.2% during the third quarter. Jones Financial Companies Lllp now owns 12,560 shares of the aerospace company’s stock worth $3,502,000 after acquiring an additional 2,990 shares during the period. Strs Ohio raised its position in Huntington Ingalls Industries by 648.6% during the third quarter. Strs Ohio now owns 54,933 shares of the aerospace company’s stock worth $15,816,000 after acquiring an additional 47,595 shares during the period. Atlantic Union Bankshares Corp raised its position in Huntington Ingalls Industries by 8,712.8% during the third quarter. Atlantic Union Bankshares Corp now owns 3,437 shares of the aerospace company’s stock worth $990,000 after acquiring an additional 3,398 shares during the period. Finally, Builder Investment Group Inc. ADV acquired a new position in Huntington Ingalls Industries during the fourth quarter worth $6,815,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Price Performance

Huntington Ingalls Industries stock opened at $320.88 on Friday. Huntington Ingalls Industries, Inc. has a 52-week low of $215.04 and a 52-week high of $460.00. The firm has a market capitalization of $12.64 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 1.35 and a beta of 0.29. The company has a fifty day simple moving average of $373.54 and a 200-day simple moving average of $371.98. The company has a quick ratio of 1.11, a current ratio of 1.19 and a debt-to-equity ratio of 0.52.

Huntington Ingalls Industries (NYSE:HIIGet Free Report) last released its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.09. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the prior year, the firm earned $3.79 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 17.29 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.7%. Huntington Ingalls Industries’s dividend payout ratio is presently 35.91%.

Insiders Place Their Bets

In other news, VP Chad N. Boudreaux sold 4,400 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $422.45, for a total transaction of $1,858,780.00. Following the completion of the sale, the vice president owned 20,360 shares of the company’s stock, valued at $8,601,082. This represents a 17.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric D. Chewning sold 1,700 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total transaction of $736,848.00. Following the sale, the executive vice president directly owned 1,949 shares of the company’s stock, valued at $844,774.56. The trade was a 46.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HII shares. Bank of America upgraded shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $300.00 to $400.00 in a research report on Thursday, February 12th. Wall Street Zen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings cut shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Sanford C. Bernstein restated a “market perform” rating and set a $421.00 price objective on shares of Huntington Ingalls Industries in a research report on Wednesday, February 11th. Finally, Citigroup reduced their price objective on shares of Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $388.50.

View Our Latest Analysis on HII

About Huntington Ingalls Industries

(Free Report)

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.

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

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