Lord Abbett & CO. LLC raised its position in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,800 shares of the aerospace company’s stock after purchasing an additional 3,700 shares during the period. Lord Abbett & CO. LLC owned approximately 0.28% of Huntington Ingalls Industries worth $22,989,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc raised its position in Huntington Ingalls Industries by 0.4% during the third quarter. Vanguard Group Inc now owns 4,988,200 shares of the aerospace company’s stock valued at $1,277,378,000 after purchasing an additional 19,861 shares in the last quarter. FMR LLC raised its position in Huntington Ingalls Industries by 5.3% during the third quarter. FMR LLC now owns 4,014,096 shares of the aerospace company’s stock valued at $1,027,930,000 after purchasing an additional 200,602 shares in the last quarter. AQR Capital Management LLC raised its position in Huntington Ingalls Industries by 7.5% during the third quarter. AQR Capital Management LLC now owns 2,208,378 shares of the aerospace company’s stock valued at $565,521,000 after purchasing an additional 153,989 shares in the last quarter. LSV Asset Management raised its position in Huntington Ingalls Industries by 425.0% during the fourth quarter. LSV Asset Management now owns 1,545,657 shares of the aerospace company’s stock valued at $294,153,000 after purchasing an additional 1,251,220 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Huntington Ingalls Industries by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 623,420 shares of the aerospace company’s stock valued at $118,455,000 after purchasing an additional 18,179 shares in the last quarter. Institutional investors and hedge funds own 85.90% of the company’s stock.

NYSE HII opened at $204.41 on Friday. The firm has a market cap of $8.49 billion, a price-to-earnings ratio of 10.71 and a beta of 1.14. Huntington Ingalls Industries Inc has a fifty-two week low of $173.80 and a fifty-two week high of $267.73. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 0.85.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, February 14th. The aerospace company reported $4.94 earnings per share for the quarter, topping analysts’ consensus estimates of $4.45 by $0.49. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Huntington Ingalls Industries had a net margin of 10.23% and a return on equity of 49.48%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.11 earnings per share. As a group, sell-side analysts predict that Huntington Ingalls Industries Inc will post 15.05 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 22nd were paid a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, February 21st. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.68%. Huntington Ingalls Industries’s payout ratio is presently 18.02%.

In related news, VP Jennifer R. Boykin sold 2,647 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $199.66, for a total value of $528,500.02. Following the sale, the vice president now owns 4,660 shares of the company’s stock, valued at $930,415.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Christopher D. Kastner sold 3,919 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $206.49, for a total transaction of $809,234.31. Following the completion of the sale, the vice president now directly owns 46,185 shares in the company, valued at approximately $9,536,740.65. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,909 shares of company stock worth $2,480,337. Insiders own 2.32% of the company’s stock.

Several brokerages have commented on HII. Zacks Investment Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Thursday, January 17th. ValuEngine downgraded shares of Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. Barclays lowered their price objective on shares of Huntington Ingalls Industries from $280.00 to $245.00 and set an “overweight” rating for the company in a research report on Tuesday, December 4th. Cowen reaffirmed a “buy” rating and set a $260.00 target price on shares of Huntington Ingalls Industries in a research note on Monday, January 14th. Finally, Citigroup decreased their target price on shares of Huntington Ingalls Industries from $260.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, January 14th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $248.00.

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Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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

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