Jump Financial LLC Invests $240,000 in Huntington Ingalls Industries, Inc. (NYSE:HII)

Jump Financial LLC bought 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 disclosure with the Securities & Exchange Commission. The institutional investor bought 1,271 shares of the aerospace company's stock, valued at approximately $240,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HII. River Road Asset Management LLC bought a new position in Huntington Ingalls Industries in the 4th quarter worth approximately $65,215,000. Diamond Hill Capital Management Inc. raised its holdings in shares of Huntington Ingalls Industries by 132.9% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company's stock worth $79,387,000 after buying an additional 239,688 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Huntington Ingalls Industries during the fourth quarter worth $36,191,000. Raymond James Financial Inc. bought a new position in Huntington Ingalls Industries during the 4th quarter valued at about $27,881,000. Finally, Sei Investments Co. boosted its position in Huntington Ingalls Industries by 32.4% in the fourth quarter. Sei Investments Co. now owns 445,926 shares of the aerospace company's stock valued at $84,269,000 after buying an additional 109,134 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Activity

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein bought 2,120 shares of Huntington Ingalls Industries stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the acquisition, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Nicolas G. Schuck sold 750 shares of the business'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 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 ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Trading Down 0.4 %

Shares of HII traded down $0.81 during trading hours on Friday, hitting $226.67. 208,900 shares of the stock traded hands, compared to its average volume of 523,676. The business has a fifty day moving average of $202.72 and a 200-day moving average of $200.29. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $8.89 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 1.15 and a beta of 0.34. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $285.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its 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. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.80 billion. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The company's revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.87 EPS. Analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, May 30th. Huntington Ingalls Industries's payout ratio is 38.68%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on HII shares. The Goldman Sachs Group raised shares of Huntington Ingalls Industries from a "sell" rating to a "buy" rating and raised their price objective for the stock from $145.00 to $234.00 in a report on Friday, April 11th. Barclays dropped their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Huntington Ingalls Industries presently has an average rating of "Hold" and a consensus price target of $231.11.

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.