D. E. Shaw & Co. Inc. Boosts Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

D. E. Shaw & Co. Inc. raised its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 1,648.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 375,872 shares of the aerospace company’s stock after buying an additional 354,374 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Huntington Ingalls Industries were worth $71,029,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Generali Asset Management SPA SGR acquired a new stake in Huntington Ingalls Industries in the 4th quarter worth about $2,056,000. Assetmark Inc. boosted its position in shares of Huntington Ingalls Industries by 2,154.9% in the fourth quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company’s stock worth $1,474,000 after acquiring an additional 7,456 shares during the last quarter. Northcape Wealth Management LLC purchased a new stake in Huntington Ingalls Industries in the fourth quarter valued at approximately $3,642,000. O Keefe Stevens Advisory Inc. increased its position in Huntington Ingalls Industries by 63.0% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company’s stock worth $655,000 after purchasing an additional 1,339 shares during the last quarter. Finally, Essential Planning LLC. purchased a new position in Huntington Ingalls Industries during the fourth quarter worth approximately $2,457,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HII has been the subject of several research reports. The Goldman Sachs Group boosted their price objective on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Barclays boosted their price target on 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average price target of $238.44.

Insider Transactions at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. This represents a 20.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average price of $164.82 per share, with a total value of $349,418.40. Following the purchase, the director now owns 7,967 shares of the company’s stock, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 4,010 shares of company stock valued at $899,510. 0.86% of the stock is currently owned by insiders.

Huntington Ingalls Industries Trading Down 0.6 %

Shares of HII opened at $231.61 on Friday. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $285.81. The stock’s 50-day moving average is $209.68 and its two-hundred day moving average is $199.12. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. The stock has a market cap of $9.09 billion, a PE ratio of 16.59, a P/E/G ratio of 1.15 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, topping the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the previous year, the company posted $3.87 EPS. Huntington Ingalls Industries’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.40 annualized dividend and a dividend yield of 2.33%. Huntington Ingalls Industries’s dividend payout ratio is presently 38.90%.

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.