Diamond Hill Capital Management Inc. Buys 239,688 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Diamond Hill Capital Management Inc. raised its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 132.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 420,102 shares of the aerospace company’s stock after acquiring an additional 239,688 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Huntington Ingalls Industries were worth $79,387,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Commonwealth Equity Services LLC lifted its holdings in shares of Huntington Ingalls Industries by 80.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 22,180 shares of the aerospace company’s stock valued at $4,191,000 after acquiring an additional 9,913 shares during the period. Thompson Siegel & Walmsley LLC raised its holdings in shares of Huntington Ingalls Industries by 7.6% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 453,178 shares of the aerospace company’s stock valued at $85,637,000 after buying an additional 31,934 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Huntington Ingalls Industries by 47.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 7,865 shares of the aerospace company’s stock valued at $1,486,000 after buying an additional 2,546 shares during the last quarter. Essential Planning LLC. bought a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at about $2,457,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Huntington Ingalls Industries by 503.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock valued at $30,000 after buying an additional 131 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Insider Transactions at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 750 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas C. Schievelbein bought 2,120 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were bought at an average price of $164.82 per share, with a total value 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 trade represents a 36.26 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of HII stock opened at $195.60 on Friday. The stock has a 50-day moving average price of $185.94 and a 200 day moving average price of $214.61. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 1.15 and a beta of 0.49. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $294.81.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (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%. Research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 annualized dividend and a dividend yield of 2.76%. Huntington Ingalls Industries’s payout ratio is currently 38.68%.

Analysts Set New Price Targets

HII has been the subject of a number of research analyst reports. The Goldman Sachs Group cut their price target on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a report on Monday, February 10th. Barclays cut their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $221.22.

Huntington Ingalls Industries Company 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.