Voloridge Investment Management LLC Buys New Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Voloridge Investment Management LLC purchased a new position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 200,031 shares of the aerospace company's stock, valued at approximately $37,800,000. Voloridge Investment Management LLC owned approximately 0.51% of Huntington Ingalls Industries as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of HII. EverSource Wealth Advisors LLC boosted its holdings in shares of Huntington Ingalls Industries by 503.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 131 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in Huntington Ingalls Industries in the fourth quarter worth about $36,000. Wingate Wealth Advisors Inc. bought a new stake in Huntington Ingalls Industries in the fourth quarter worth about $48,000. Canada Post Corp Registered Pension Plan bought a new stake in Huntington Ingalls Industries in the fourth quarter worth about $70,000. Finally, SRS Capital Advisors Inc. increased its position in shares of Huntington Ingalls Industries by 156.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock worth $91,000 after acquiring an additional 294 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 750 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries stock in a transaction 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 sale, 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 disclosure for this sale can be found here. Insiders sold a total of 4,010 shares of company stock worth $899,510 over the last three months. Corporate insiders own 0.86% of the company's stock.

Huntington Ingalls Industries Stock Up 0.8%

HII stock traded up $1.74 during trading on Tuesday, hitting $226.48. 73,982 shares of the company's stock traded hands, compared to its average volume of 717,822. The firm has a market capitalization of $8.89 billion, a P/E ratio of 16.22, a PEG ratio of 1.15 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $285.81. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $215.84 and a two-hundred day simple moving average of $199.14.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.89. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.80 billion. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. Huntington Ingalls Industries's revenue was down 2.5% compared to the same quarter last year. During the same period last year, the firm earned $3.87 earnings per share. Sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS 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 $1.35 dividend. The ex-dividend date is Friday, May 30th. This represents a $5.40 annualized dividend and a yield of 2.38%. Huntington Ingalls Industries's dividend payout ratio (DPR) is 38.90%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HII. The Goldman Sachs Group raised their target price on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Barclays lifted their price objective on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Finally, Alembic Global Advisors raised shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective on the stock in a report on Thursday, May 15th. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $236.38.

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.