Freestone Grove Partners LP Buys New Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Freestone Grove Partners LP purchased a new position in shares of 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 fund purchased 47,381 shares of the aerospace company's stock, valued at approximately $8,954,000. Freestone Grove Partners LP owned 0.12% of Huntington Ingalls Industries as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Huntington Ingalls Industries by 0.3% in the 4th 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 boosted its holdings 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 valued at $197,677,000 after acquiring an additional 29,670 shares in the last quarter. Earnest Partners LLC increased its stake in shares of Huntington Ingalls Industries by 32.6% during the fourth quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company's stock valued at $157,216,000 after acquiring an additional 204,376 shares during the period. Dimensional Fund Advisors LP raised its holdings in 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 lifted its position in Huntington Ingalls Industries by 7.6% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 453,178 shares of the aerospace company's stock worth $85,637,000 after purchasing an additional 31,934 shares during the period. Institutional investors own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

HII has been the topic of a number of research reports. The Goldman Sachs Group boosted their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday. Barclays dropped their price target on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $234.56.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the sale, the chief accounting officer now owns 2,884 shares of the company's stock, valued at $546,691.04. This trade represents a 20.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the purchase, the director now directly owns 7,967 shares of the company's stock, valued at $1,313,120.94. The trade was a 36.26 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Price Performance

HII stock opened at $230.35 on Friday. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $285.81. The firm has a 50-day moving average of $203.81 and a two-hundred day moving average of $200.09. The firm has a market capitalization of $9.04 billion, a PE ratio of 16.50, a P/E/G ratio of 1.15 and a beta of 0.34. 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 posted its quarterly earnings data 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 firm 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 was down 2.5% on a year-over-year basis. On average, analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio is currently 38.68%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.