Moore Capital Management LP Purchases Shares of 59,815 Huntington Ingalls Industries, Inc. (NYSE:HII)

Moore Capital Management LP acquired a new stake 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 acquired 59,815 shares of the aerospace company's stock, valued at approximately $11,303,000. Moore Capital Management LP owned 0.15% of Huntington Ingalls Industries as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of HII. Vanguard Group Inc. raised its stake in Huntington Ingalls Industries by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company's stock worth $950,391,000 after purchasing an additional 14,988 shares during the period. Geode Capital Management LLC boosted its holdings in 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 during the last quarter. Earnest Partners LLC boosted its holdings in Huntington Ingalls Industries by 32.6% in 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 last quarter. Dimensional Fund Advisors LP boosted its holdings in Huntington Ingalls Industries by 15.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 578,488 shares of the aerospace company's stock valued at $109,316,000 after acquiring an additional 77,718 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted 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 during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Insider Activity

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 transaction, the director now directly owns 17,485 shares of the company's stock, valued at $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 available through this hyperlink. 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 directly owns 2,884 shares in the company, valued at approximately $546,691.04. This represents a 20.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,010 shares of company stock valued at $899,510 in the last quarter. Company insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HII shares. The Goldman Sachs Group boosted their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a 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 research 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 target price on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $244.56.

Huntington Ingalls Industries Price Performance

HII traded up $1.83 during midday trading on Friday, reaching $229.99. 308,728 shares of the company's stock were exchanged, compared to its average volume of 526,331. 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 50-day simple moving average of $212.17 and a two-hundred day simple moving average of $198.34. The firm has a market capitalization of $9.02 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 1.15 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $285.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.80 billion. During the same quarter in the previous year, the company posted $3.87 earnings per share. Huntington Ingalls Industries's quarterly revenue was down 2.5% compared to the same quarter last year. As a group, research analysts predict 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 issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio is presently 38.90%.

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.