Invenomic Capital Management LP Acquires New Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Invenomic Capital Management LP purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 52,681 shares of the aerospace company's stock, valued at approximately $9,955,000. Invenomic Capital Management LP owned approximately 0.13% of Huntington Ingalls Industries as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised 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 acquiring an additional 14,988 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Huntington Ingalls Industries by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company's stock valued at $197,677,000 after buying an additional 29,670 shares during the period. Earnest Partners LLC grew its position 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 worth $157,216,000 after buying an additional 204,376 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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 buying an additional 77,718 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its holdings 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 valued at $85,637,000 after acquiring an additional 31,934 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Trading Down 0.6 %

NYSE HII opened at $231.61 on Friday. The firm's fifty day moving average is $209.68 and its two-hundred day moving average is $198.72. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $285.81. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. The firm has a market cap of $9.09 billion, a PE ratio of 16.59, 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 quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.80 billion. During the same quarter in the previous year, the firm posted $3.87 EPS. The firm's revenue for the quarter was down 2.5% on a year-over-year basis. Analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $1.35 dividend. The ex-dividend date is Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a yield of 2.33%. Huntington Ingalls Industries's dividend payout ratio (DPR) is 38.90%.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, Director Thomas C. Schievelbein bought 2,120 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were bought at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the transaction, the director now owns 7,967 shares of the company's stock, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction dated 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 transaction, the chief accounting officer now owns 2,884 shares of the company's stock, valued at $546,691.04. This represents a 20.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,010 shares of company stock valued at $899,510. 0.86% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HII. The Goldman Sachs Group lifted 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 report on Friday, May 2nd. Barclays increased their price objective on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. 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's stock. Based on data from MarketBeat, Huntington Ingalls Industries has an average rating of "Hold" and a consensus target price of $238.44.

Huntington Ingalls Industries Company 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.

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