Atlantic Trust Group LLC bought a new stake in Huntington Ingalls Industries Inc (NYSE:HII) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 86,072 shares of the aerospace company’s stock, valued at approximately $19,490,000. Atlantic Trust Group LLC owned about 0.19% of Huntington Ingalls Industries at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HII. Global X Management Co. LLC acquired a new position in Huntington Ingalls Industries in the 2nd quarter valued at about $125,000. Schwab Charles Investment Management Inc. increased its stake in shares of Huntington Ingalls Industries by 1.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 153,858 shares of the aerospace company’s stock valued at $28,643,000 after acquiring an additional 2,062 shares during the last quarter. State of Wisconsin Investment Board increased its stake in shares of Huntington Ingalls Industries by 28.6% during the 2nd quarter. State of Wisconsin Investment Board now owns 40,924 shares of the aerospace company’s stock valued at $7,618,000 after acquiring an additional 9,100 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Huntington Ingalls Industries by 14.3% during the 2nd quarter. Legal & General Group Plc now owns 88,510 shares of the aerospace company’s stock valued at $16,476,000 after acquiring an additional 11,093 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Huntington Ingalls Industries by 85.9% during the 2nd quarter. KBC Group NV now owns 11,482 shares of the aerospace company’s stock valued at $2,137,000 after acquiring an additional 5,305 shares during the last quarter. 83.95% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently commented on HII. Cowen reaffirmed a “hold” rating and set a $225.00 price objective on shares of Huntington Ingalls Industries in a research note on Friday, October 6th. Credit Suisse Group reaffirmed a “neutral” rating and set a $241.00 price objective (up previously from $211.00) on shares of Huntington Ingalls Industries in a research note on Thursday, November 9th. Zacks Investment Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 price objective for the company in a research note on Friday, November 10th. Citigroup reaffirmed a “neutral” rating and set a $233.00 price objective (up previously from $224.00) on shares of Huntington Ingalls Industries in a research note on Monday, October 9th. Finally, ValuEngine raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $222.57.

In other news, Director Philip M. Bilden bought 2,200 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was acquired at an average price of $234.11 per share, for a total transaction of $515,042.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP D R. Wyatt sold 800 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $240.33, for a total value of $192,264.00. Following the completion of the transaction, the vice president now owns 19,065 shares of the company’s stock, valued at approximately $4,581,891.45. The disclosure for this sale can be found here. 2.22% of the stock is currently owned by insiders.

Shares of Huntington Ingalls Industries Inc (HII) opened at $237.44 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.38 and a debt-to-equity ratio of 0.75. Huntington Ingalls Industries Inc has a fifty-two week low of $183.38 and a fifty-two week high of $253.44. The stock has a market capitalization of $10,750.00, a PE ratio of 17.88, a PEG ratio of 1.30 and a beta of 1.17.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.49. Huntington Ingalls Industries had a return on equity of 33.37% and a net margin of 8.31%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the business earned $2.27 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. research analysts expect that Huntington Ingalls Industries Inc will post 12.09 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 24th were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.21%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $0.60. Huntington Ingalls Industries’s payout ratio is presently 21.69%.

Huntington Ingalls Industries declared that its board has authorized a share buyback program on Tuesday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the aerospace company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

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Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.

Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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