Markel Group Inc. raised its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII – Free Report) by 7.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,500 shares of the aerospace company’s stock after purchasing an additional 2,000 shares during the quarter. Markel Group Inc. owned 0.07% of Huntington Ingalls Industries worth $10,447,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Bayban bought a new stake in Huntington Ingalls Industries during the 1st quarter valued at about $27,000. NBC Securities Inc. increased its position in shares of Huntington Ingalls Industries by 87.2% during the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 41 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Huntington Ingalls Industries during the second quarter worth approximately $25,000. Rakuten Securities Inc. raised its stake in shares of Huntington Ingalls Industries by 140.0% during the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 63 shares in the last quarter. Finally, Motiv8 Investments LLC bought a new stake in shares of Huntington Ingalls Industries during the fourth quarter valued at approximately $38,000. 90.46% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $319.58, for a total value of $1,118,530.00. Following the completion of the transaction, the vice president directly owned 8,391 shares in the company, valued at approximately $2,681,595.78. The trade was a 29.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.80% of the company’s stock.
Huntington Ingalls Industries Stock Down 0.1%
Huntington Ingalls Industries (NYSE:HII – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.09. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The business’s revenue was up 13.4% compared to the same quarter last year. During the same period last year, the business posted $3.79 EPS. Research analysts anticipate that Huntington Ingalls Industries, Inc. will post 17.31 earnings per share for the current fiscal year.
Huntington Ingalls Industries Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, May 29th. Huntington Ingalls Industries’s payout ratio is 35.91%.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. Weiss Ratings downgraded Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Wells Fargo & Company started coverage on Huntington Ingalls Industries in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 target price for the company. TD Cowen dropped their price target on Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Citigroup cut their price target on Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Finally, Wall Street Zen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Huntington Ingalls Industries currently has an average rating of “Hold” and an average price target of $381.50.
Read Our Latest Stock Analysis on Huntington Ingalls Industries
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.
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