Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Bought by Markel Group Inc.

Markel Group Inc. increased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 350.0% during the 1st quarter, Holdings Channel reports. The fund owned 18,000 shares of the aerospace company’s stock after purchasing an additional 14,000 shares during the quarter. Markel Group Inc.’s holdings in Huntington Ingalls Industries were worth $3,673,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Huntington Ingalls Industries by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company’s stock valued at $950,391,000 after buying an additional 14,988 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Huntington Ingalls Industries by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company’s stock worth $197,677,000 after buying an additional 29,670 shares during the last quarter. Earnest Partners LLC grew its holdings in shares of Huntington Ingalls Industries by 32.6% during the fourth quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company’s stock worth $157,216,000 after buying an additional 204,376 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Huntington Ingalls Industries by 15.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 578,488 shares of the aerospace company’s stock valued at $109,316,000 after purchasing an additional 77,718 shares during the period. Finally, GAMMA Investing LLC lifted its position in Huntington Ingalls Industries by 75,182.7% in the first quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company’s stock valued at $1,004,590,000 after purchasing an additional 491,695 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Up 0.6%

Shares of NYSE:HII opened at $255.38 on Friday. The company has a market capitalization of $10.02 billion, a PE ratio of 18.40, a PEG ratio of 1.56 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $285.81. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.99 and a current ratio of 1.07. The company has a 50 day moving average price of $235.40 and a two-hundred day moving average price of $210.54.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.89. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Huntington Ingalls Industries had a net margin of 4.76% and a return on equity of 12.26%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.87 earnings per share. Analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Friday, May 30th. Huntington Ingalls Industries’s dividend payout ratio is 38.90%.

Insider Buying and Selling

In related news, VP Chad N. Boudreaux sold 1,965 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total transaction of $449,867.10. Following the transaction, the vice president directly owned 21,228 shares of the company’s stock, valued at approximately $4,859,938.32. This trade represents a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total transaction of $301,483.00. Following the transaction, the vice president directly owned 9,581 shares in the company, valued at approximately $2,221,929.71. This represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,225 shares of company stock valued at $1,207,207. 0.72% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on HII. Barclays lifted their price target on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. The Goldman Sachs Group lifted their target price on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. TD Cowen raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and lifted their target price for the stock from $250.00 to $300.00 in a research note on Thursday, July 10th. Finally, Alembic Global Advisors raised shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 price objective for the company in a research note on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Huntington Ingalls Industries has an average rating of “Hold” and a consensus price target of $251.38.

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.