53,699 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 53,699 shares of the aerospace company's stock, valued at approximately $10,148,000. Point72 Asset Management L.P. owned approximately 0.14% of Huntington Ingalls Industries as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Huntington Ingalls Industries by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company's stock valued at $950,391,000 after buying an additional 14,988 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Huntington Ingalls Industries by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company's stock worth $197,677,000 after acquiring an additional 29,670 shares during the last quarter. Earnest Partners LLC raised its stake in shares of Huntington Ingalls Industries by 32.6% in the fourth quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company's stock worth $157,216,000 after acquiring an additional 204,376 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Huntington Ingalls Industries by 15.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 578,488 shares of the aerospace company's stock worth $109,316,000 after purchasing an additional 77,718 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its stake in shares of Huntington Ingalls Industries by 7.6% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 453,178 shares of the aerospace company's stock valued at $85,637,000 after purchasing an additional 31,934 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Huntington Ingalls Industries Trading Up 0.3%

Shares of NYSE:HII traded up $0.66 during mid-day trading on Friday, reaching $225.15. The stock had a trading volume of 133,149 shares, compared to its average volume of 723,168. The firm has a 50 day simple moving average of $215.16 and a two-hundred day simple moving average of $198.79. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $285.81. The firm has a market cap of $8.83 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 1.15 and a beta of 0.31. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly 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 return on equity of 12.81% and a net margin of 4.77%. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the firm posted $3.87 earnings per share. Huntington Ingalls Industries's 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 EPS for the current fiscal 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 $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Friday, May 30th. Huntington Ingalls Industries's payout ratio is 38.90%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. 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. 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 research report on Thursday, May 15th. Finally, Barclays boosted 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $236.38.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, Director Anastasi D. Kelly sold 1,960 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total transaction of $455,856.80. Following the transaction, the director now 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total value of $301,483.00. Following the completion of the sale, the vice president now owns 9,581 shares in the company, valued at $2,221,929.71. This represents a 11.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,010 shares of company stock valued at $899,510 in the last quarter. 0.72% of the stock is currently owned by insiders.

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.