Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC raised its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 158.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,516 shares of the aerospace company's stock after buying an additional 24,224 shares during the period. Gotham Asset Management LLC owned about 0.10% of Huntington Ingalls Industries worth $7,467,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Generali Asset Management SPA SGR purchased a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $2,056,000. Assetmark Inc. boosted its holdings in shares of Huntington Ingalls Industries by 2,154.9% in the fourth quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock valued at $1,474,000 after purchasing an additional 7,456 shares during the period. Northcape Wealth Management LLC purchased a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $3,642,000. O Keefe Stevens Advisory Inc. boosted its holdings in shares of Huntington Ingalls Industries by 63.0% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company's stock valued at $655,000 after purchasing an additional 1,339 shares during the period. Finally, Essential Planning LLC. purchased a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $2,457,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Wall Street Analyst Weigh In

HII has been the subject of a number of research reports. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target for the company in a report on Thursday. Barclays boosted their price objective on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Finally, The Goldman Sachs Group boosted their price objective on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Huntington Ingalls Industries has an average rating of "Hold" and a consensus target price of $244.56.

Huntington Ingalls Industries Stock Performance

NYSE:HII traded up $1.83 during mid-day trading on Friday, hitting $229.99. The company's stock had a trading volume of 311,295 shares, compared to its average volume of 526,342. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $285.81. 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 stock has a market cap of $9.02 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 1.15 and a beta of 0.31. The business's fifty day moving average is $212.17 and its two-hundred day moving average is $198.34.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $2.80 billion. During the same period in the prior year, the company earned $3.87 earnings per share. The firm's revenue was down 2.5% on a year-over-year basis. Analysts anticipate 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. Stockholders of record on Friday, May 30th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Friday, May 30th. Huntington Ingalls Industries's payout ratio is currently 38.90%.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Anastasi D. Kelly sold 1,960 shares of the stock in a transaction dated 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 approximately $4,066,661.30. This represents a 10.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the firm's stock in a transaction that occurred 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 sale, the vice president now owns 9,581 shares of the company's stock, 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 have sold a total of 4,010 shares of company stock valued at $899,510 in the last ninety days. 0.72% of the stock is currently owned by corporate insiders.

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.