345,109 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Bought by River Road Asset Management LLC

River Road Asset Management LLC 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 disclosure with the Securities & Exchange Commission. The institutional investor acquired 345,109 shares of the aerospace company’s stock, valued at approximately $65,215,000. River Road Asset Management LLC owned 0.88% of Huntington Ingalls Industries at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Yousif Capital Management LLC boosted its stake in shares of Huntington Ingalls Industries by 1.6% during the fourth 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 last quarter. MML Investors Services LLC boosted its stake in shares of Huntington Ingalls Industries by 0.6% during the third 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 last quarter. 1834 Investment Advisors Co. boosted its stake in shares of Huntington Ingalls Industries by 3.9% during the fourth 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 last quarter. Axxcess Wealth Management LLC boosted its stake in shares of Huntington Ingalls Industries by 4.9% during the third 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 last quarter. Finally, Sanctuary Advisors LLC boosted its stake in shares of Huntington Ingalls Industries by 1.5% during the fourth 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 last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $197.34 on Tuesday. The stock’s 50-day moving average is $185.77 and its 200-day moving average is $215.33. The company 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. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. 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 released its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. Equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share 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 paid a $1.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.74%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 38.68%.

Insider Activity

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Bank of America reduced their target price on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 13th. Barclays reduced their target price on 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. Finally, The Goldman Sachs Group reduced their target price on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Huntington Ingalls Industries has an average rating of “Hold” and a consensus price target 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.