Wellington Management Group LLP Buys 406 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Wellington Management Group LLP increased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 7.2% in the 3rd quarter, Holdings Channel reports. The firm owned 6,050 shares of the aerospace company’s stock after purchasing an additional 406 shares during the period. Wellington Management Group LLP’s holdings in Huntington Ingalls Industries were worth $1,599,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Stifel Financial Corp boosted its holdings in shares of Huntington Ingalls Industries by 36.6% during the 3rd quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company’s stock worth $6,181,000 after buying an additional 6,253 shares during the period. SYM FINANCIAL Corp boosted its holdings in Huntington Ingalls Industries by 9.4% during the third quarter. SYM FINANCIAL Corp now owns 953 shares of the aerospace company’s stock valued at $252,000 after acquiring an additional 82 shares during the period. Quantinno Capital Management LP grew its position in shares of Huntington Ingalls Industries by 64.4% in the third quarter. Quantinno Capital Management LP now owns 22,355 shares of the aerospace company’s stock valued at $5,910,000 after purchasing an additional 8,760 shares during the last quarter. Quarry LP grew its position in shares of Huntington Ingalls Industries by 213.3% in the third quarter. Quarry LP now owns 683 shares of the aerospace company’s stock valued at $181,000 after purchasing an additional 465 shares during the last quarter. Finally, Petrus Trust Company LTA bought a new position in shares of Huntington Ingalls Industries in the third quarter worth about $825,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Up 0.5 %

Shares of HII opened at $194.44 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $213.85 and a two-hundred day moving average price of $244.15. The stock has a market cap of $7.61 billion, a price-to-earnings ratio of 10.98, a P/E/G ratio of 1.86 and a beta of 0.55. Huntington Ingalls Industries, Inc. has a 12 month low of $184.29 and a 12 month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter last year, the business earned $3.70 EPS. Huntington Ingalls Industries’s quarterly revenue was down 2.4% compared to the same quarter last year. Equities analysts predict that Huntington Ingalls Industries, Inc. will post 14.01 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $1.35 dividend. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date was Friday, November 29th. This represents a $5.40 annualized dividend and a dividend yield of 2.78%. Huntington Ingalls Industries’s dividend payout ratio is presently 30.49%.

Analysts Set New Price Targets

Several analysts recently weighed in on HII shares. Deutsche Bank Aktiengesellschaft decreased their target price on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research note on Friday, November 1st. The Goldman Sachs Group lowered their price objective on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and upped their target price for the company from $280.00 to $285.00 in a research note on Monday, September 9th. Bank of America dropped their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a report on Wednesday, November 13th. Finally, Barclays reduced their target price on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $228.89.

Insider Buying and Selling

In related news, VP D R. Wyatt sold 400 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the sale, the vice president now directly owns 19,627 shares of the company’s stock, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

About Huntington Ingalls Industries

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.