Bessemer Group Inc. Acquires 5,632 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Bessemer Group Inc. lifted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 372.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,144 shares of the aerospace company’s stock after purchasing an additional 5,632 shares during the period. Bessemer Group Inc.’s holdings in Huntington Ingalls Industries were worth $2,082,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its position in shares of Huntington Ingalls Industries by 5,658.6% during the fourth quarter. Van ECK Associates Corp now owns 684,235 shares of the aerospace company’s stock worth $177,655,000 after acquiring an additional 672,353 shares during the period. TD Asset Management Inc raised its position in Huntington Ingalls Industries by 745.3% during the 4th quarter. TD Asset Management Inc now owns 100,569 shares of the aerospace company’s stock valued at $26,112,000 after purchasing an additional 88,671 shares in the last quarter. Epoch Investment Partners Inc. lifted its holdings in shares of Huntington Ingalls Industries by 48.7% in the 4th quarter. Epoch Investment Partners Inc. now owns 250,469 shares of the aerospace company’s stock worth $65,032,000 after buying an additional 82,028 shares during the period. Lord Abbett & CO. LLC purchased a new stake in shares of Huntington Ingalls Industries in the 1st quarter worth $23,011,000. Finally, Copeland Capital Management LLC grew its position in shares of Huntington Ingalls Industries by 2,689.4% during the 4th quarter. Copeland Capital Management LLC now owns 80,587 shares of the aerospace company’s stock worth $20,924,000 after buying an additional 77,698 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HII. Citigroup assumed coverage on shares of Huntington Ingalls Industries in a research note on Monday, May 20th. They issued a “buy” rating and a $310.00 price objective for the company. StockNews.com downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $278.00.

Insider Transactions at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 1,500 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $256.07, for a total transaction of $384,105.00. Following the completion of the transaction, the vice president now directly owns 8,135 shares in the company, valued at $2,083,129.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Jennifer R. Boykin sold 1,043 shares of Huntington Ingalls Industries stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $252.03, for a total transaction of $262,867.29. Following the completion of the transaction, the vice president now directly owns 11,961 shares of the company’s stock, valued at approximately $3,014,530.83. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Edmond E. Jr. Hughes sold 1,500 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $256.07, for a total transaction of $384,105.00. Following the sale, the vice president now directly owns 8,135 shares in the company, valued at $2,083,129.45. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of HII traded up $8.26 during trading hours on Thursday, reaching $273.56. 43,289 shares of the company traded hands, compared to its average volume of 299,851. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.54. The business has a fifty day moving average price of $251.46 and a 200-day moving average price of $266.18. Huntington Ingalls Industries, Inc. has a 12-month low of $199.11 and a 12-month high of $299.50. The stock has a market capitalization of $10.79 billion, a P/E ratio of 14.95, a P/E/G ratio of 2.28 and a beta of 0.53.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.50 by $0.37. Huntington Ingalls Industries had a return on equity of 18.08% and a net margin of 6.09%. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the previous year, the business earned $3.23 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.35 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, May 31st. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 29.31%.

About Huntington Ingalls Industries

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.