GAMMA Investing LLC Has $1 Billion Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

GAMMA Investing LLC increased its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 75,182.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 492,349 shares of the aerospace company's stock after purchasing an additional 491,695 shares during the quarter. GAMMA Investing LLC owned 1.25% of Huntington Ingalls Industries worth $1,004,590,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Yousif Capital Management LLC increased its position in Huntington Ingalls Industries by 1.6% in the 4th quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company's stock valued at $610,000 after acquiring an additional 52 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in shares of Huntington Ingalls Industries by 0.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 11,930 shares of the aerospace company's stock worth $2,254,000 after acquiring an additional 66 shares during the period. Covestor Ltd grew its holdings in shares of Huntington Ingalls Industries by 9.8% in the 4th quarter. Covestor Ltd now owns 815 shares of the aerospace company's stock worth $154,000 after acquiring an additional 73 shares during the period. Sanctuary Advisors LLC lifted its stake in Huntington Ingalls Industries by 1.5% in the 4th quarter. Sanctuary Advisors LLC now owns 5,060 shares of the aerospace company's stock valued at $989,000 after buying an additional 75 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Huntington Ingalls Industries by 3.2% in the 4th quarter. NewEdge Advisors LLC now owns 2,742 shares of the aerospace company's stock valued at $518,000 after buying an additional 85 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, Director Anastasi D. Kelly sold 1,960 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total value of $455,856.80. Following the completion of the sale, the director now owns 17,485 shares in the company, valued at $4,066,661.30. This represents a 10.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total transaction of $301,483.00. Following the completion of the transaction, the vice president now directly owns 9,581 shares of the company's stock, valued at approximately $2,221,929.71. The trade was a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,010 shares of company stock valued at $899,510. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

HII has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Barclays upped their price objective on Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Finally, Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective for the company in a report on Thursday, May 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of "Hold" and an average target price of $236.38.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII traded up $4.66 during mid-day trading on Tuesday, reaching $227.46. 93,662 shares of the company traded hands, compared to its average volume of 535,738. 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 firm has a market cap of $8.93 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.15 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $285.81. The stock has a fifty day simple moving average of $217.92 and a 200-day simple moving average of $199.97.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the business posted $3.87 EPS. The company's revenue for the quarter was down 2.5% on a year-over-year basis. Equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Friday, May 30th. Huntington Ingalls Industries's payout ratio is 38.90%.

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.