27,439 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Acquired by Benson Investment Management Company Inc.

Benson Investment Management Company Inc. purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the fourth quarter, Holdings Channel reports. The fund purchased 27,439 shares of the aerospace company’s stock, valued at approximately $5,185,000. Huntington Ingalls Industries makes up about 2.2% of Benson Investment Management Company Inc.’s investment portfolio, making the stock its 20th biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of HII. FMR LLC increased its stake in shares of Huntington Ingalls Industries by 5.6% in the third quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock worth $930,383,000 after acquiring an additional 187,411 shares during the period. Van ECK Associates Corp boosted its holdings in Huntington Ingalls Industries by 94.5% in the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock valued at $455,222,000 after purchasing an additional 863,800 shares during the last quarter. Geode Capital Management LLC grew its position in Huntington Ingalls Industries by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,018,812 shares of the aerospace company’s stock worth $268,520,000 after purchasing an additional 5,036 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Huntington Ingalls Industries by 41.6% in the 2nd quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock valued at $180,458,000 after buying an additional 215,362 shares during the period. Finally, Earnest Partners LLC lifted its holdings in shares of Huntington Ingalls Industries by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company’s stock valued at $157,326,000 after buying an additional 11,693 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Up 2.8 %

HII stock opened at $195.25 on Tuesday. Huntington Ingalls Industries, Inc. has a 52 week low of $184.29 and a 52 week high of $299.50. 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 firm has a 50-day simple moving average of $193.73 and a 200-day simple moving average of $236.86. The stock has a market capitalization of $7.64 billion, a P/E ratio of 11.02, a P/E/G ratio of 1.86 and a beta of 0.56.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data 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 firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter last year, the firm posted $3.70 earnings per share. Huntington Ingalls Industries’s quarterly revenue was down 2.4% on a year-over-year basis. Equities analysts forecast that Huntington Ingalls Industries, Inc. will post 14.01 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $1.35 dividend. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is currently 30.49%.

Analyst Upgrades and Downgrades

Several research firms recently commented on HII. Bank of America dropped their target price on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a report on Wednesday, November 13th. Barclays cut 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 report on Monday, November 4th. The Goldman Sachs Group lowered their price target on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a report on Friday, November 1st. TD Cowen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a report on Friday, November 1st. Finally, Vertical Research lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price on the stock. in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average target price of $228.89.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the sale, the vice president now owns 19,627 shares in the company, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by insiders.

Huntington Ingalls Industries Profile

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.