Point72 Asset Management L.P. Purchases Shares of 53,699 Huntington Ingalls Industries, Inc. (NYSE:HII)

Point72 Asset Management L.P. acquired a new position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 53,699 shares of the aerospace company's stock, valued at approximately $10,148,000. Point72 Asset Management L.P. owned 0.14% of Huntington Ingalls Industries at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HII. EverSource Wealth Advisors LLC grew its position in Huntington Ingalls Industries by 503.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock valued at $30,000 after buying an additional 131 shares during the period. Wingate Wealth Advisors Inc. acquired a new stake in Huntington Ingalls Industries during the fourth quarter valued at $48,000. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at about $70,000. SRS Capital Advisors Inc. grew its position in shares of Huntington Ingalls Industries by 156.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock valued at $91,000 after purchasing an additional 294 shares during the period. Finally, Exchange Traded Concepts LLC grew its position in shares of Huntington Ingalls Industries by 37.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company's stock valued at $101,000 after purchasing an additional 145 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total transaction of $455,856.80. Following the transaction, the director now directly owns 17,485 shares of the company's stock, valued at $4,066,661.30. The trade was a 10.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the transaction, the chief accounting officer now directly owns 2,884 shares in the company, valued at $546,691.04. This trade represents a 20.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,010 shares of company stock valued at $899,510 over the last ninety days. Company insiders own 0.72% of the company's stock.

Wall Street Analyst Weigh In

HII has been the topic of several research analyst reports. The Goldman Sachs Group lifted their target price on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a research report on Thursday, May 15th. Finally, Barclays lifted their target price 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $236.38.

Huntington Ingalls Industries Trading Up 0.2%

HII stock traded up $0.40 during trading on Friday, reaching $224.89. 256,660 shares of the stock were exchanged, compared to its average volume of 532,625. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $215.49 and a 200-day moving average price of $198.98. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $285.81. The firm has a market capitalization of $8.82 billion, a price-to-earnings ratio of 16.11, a P/E/G ratio of 1.15 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the previous year, the firm earned $3.87 earnings per share. Huntington Ingalls Industries's quarterly revenue was down 2.5% compared to the same quarter last year. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.90%.

Huntington Ingalls Industries 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.