Markel Group Inc. Makes New $756,000 Investment in Huntington Ingalls Industries, Inc. (NYSE:HII)

Markel Group Inc. acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,000 shares of the aerospace company’s stock, valued at approximately $756,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HII. Yousif Capital Management LLC increased its holdings in shares of Huntington Ingalls Industries by 1.6% in the 4th quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company’s stock valued at $610,000 after acquiring an additional 52 shares during the period. MML Investors Services LLC increased its holdings in shares of Huntington Ingalls Industries by 0.6% in the 3rd quarter. MML Investors Services LLC now owns 11,363 shares of the aerospace company’s stock valued at $3,004,000 after acquiring an additional 71 shares during the period. 1834 Investment Advisors Co. increased its holdings in shares of Huntington Ingalls Industries by 3.9% in the 4th quarter. 1834 Investment Advisors Co. now owns 1,932 shares of the aerospace company’s stock valued at $365,000 after acquiring an additional 73 shares during the period. Axxcess Wealth Management LLC increased its holdings in shares of Huntington Ingalls Industries by 4.9% in the 3rd quarter. Axxcess Wealth Management LLC now owns 1,584 shares of the aerospace company’s stock valued at $419,000 after acquiring an additional 74 shares during the period. Finally, Sanctuary Advisors LLC increased its holdings in shares of Huntington Ingalls Industries by 1.5% in the 4th quarter. Sanctuary Advisors LLC now owns 5,060 shares of the aerospace company’s stock valued at $989,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 750 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the sale, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. The trade was a 20.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas C. Schievelbein bought 2,120 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the transaction, the director now directly owns 7,967 shares in the company, valued at approximately $1,313,120.94. This represents a 36.26 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $197.34 on Tuesday. The firm’s fifty day moving average price is $185.77 and its 200 day moving average price is $215.33. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $294.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. The firm has a market cap of $7.74 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 1.15 and a beta of 0.49.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. On average, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $1.35 per share. The ex-dividend date is Friday, February 28th. This represents a $5.40 annualized dividend and a dividend yield of 2.74%. Huntington Ingalls Industries’s payout ratio is currently 38.68%.

Analyst Ratings Changes

A number of brokerages have recently commented on HII. The Goldman Sachs Group cut their target price on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a report on Monday, February 10th. Bank of America cut their target price 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 lowered their price objective on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $221.22.

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.