Wellington Management Group LLP Purchases 370 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Wellington Management Group LLP boosted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,420 shares of the aerospace company’s stock after acquiring an additional 370 shares during the period. Wellington Management Group LLP’s holdings in Huntington Ingalls Industries were worth $1,213,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Orion Portfolio Solutions LLC lifted its holdings in shares of Huntington Ingalls Industries by 14.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 4,913 shares of the aerospace company’s stock valued at $1,299,000 after purchasing an additional 636 shares during the last quarter. MML Investors Services LLC raised its stake in Huntington Ingalls Industries by 0.6% in the third quarter. MML Investors Services LLC now owns 11,363 shares of the aerospace company’s stock valued at $3,004,000 after buying an additional 71 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Huntington Ingalls Industries by 11.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 11,864 shares of the aerospace company’s stock valued at $3,137,000 after buying an additional 1,208 shares during the last quarter. Barclays PLC boosted its holdings in Huntington Ingalls Industries by 54.1% in the third quarter. Barclays PLC now owns 137,004 shares of the aerospace company’s stock worth $36,221,000 after acquiring an additional 48,113 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Huntington Ingalls Industries by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,018,812 shares of the aerospace company’s stock worth $268,520,000 after acquiring an additional 5,036 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HII. The Goldman Sachs Group raised shares of Huntington Ingalls Industries from a “sell” rating to a “buy” rating and increased their price objective for the company from $145.00 to $234.00 in a research report on Friday. Barclays decreased their price target on shares of 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $231.11.

Insider Transactions at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 750 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the transaction, the chief accounting officer now owns 2,884 shares of the company’s stock, valued at approximately $546,691.04. This represents a 20.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas C. Schievelbein acquired 2,120 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the acquisition, the director now owns 7,967 shares of the company’s stock, valued at $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 Trading Up 7.5 %

Shares of Huntington Ingalls Industries stock opened at $216.00 on Monday. The stock has a market cap of $8.47 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 1.15 and a beta of 0.34. The firm has a fifty day moving average price of $187.89 and a 200 day moving average price of $203.12. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $285.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. Equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $1.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 annualized dividend and a yield of 2.50%. Huntington Ingalls Industries’s dividend payout ratio is presently 38.68%.

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.