Numerai GP LLC Buys New Shares in Huntington Ingalls Industries, Inc. (NYSE:HII)

Numerai GP LLC acquired 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 and Exchange Commission. The firm acquired 4,703 shares of the aerospace company's stock, valued at approximately $889,000.

Several other large investors also recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its stake in Huntington Ingalls Industries by 503.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock worth $30,000 after acquiring an additional 131 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $48,000. Canada Post Corp Registered Pension Plan bought a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at $70,000. SRS Capital Advisors Inc. lifted its holdings in shares of Huntington Ingalls Industries by 156.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock worth $91,000 after acquiring an additional 294 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Huntington Ingalls Industries by 37.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company's stock valued at $101,000 after purchasing an additional 145 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Stock Performance

Shares of HII stock traded down $0.74 on Tuesday, hitting $228.62. 95,987 shares of the stock traded hands, compared to its average volume of 526,564. The company's fifty day moving average is $213.62 and its 200 day moving average is $198.18. 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 company has a market capitalization of $8.97 billion, a PE ratio of 16.38, a PEG ratio of 1.15 and a beta of 0.31. 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 announced its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, topping analysts' consensus estimates of $2.90 by $0.89. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate 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 was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.87 earnings per share. On average, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $1.35 per share. The ex-dividend date is Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.36%. Huntington Ingalls Industries's dividend payout ratio is 38.90%.

Insider Activity

In other news, 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 value of $142,170.00. Following the transaction, the chief accounting officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anastasi D. Kelly sold 1,960 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total value of $455,856.80. Following the completion of the transaction, the director now directly owns 17,485 shares of the company's stock, valued at approximately $4,066,661.30. The trade was a 10.08% decrease in their position. 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.

Analysts Set New Price Targets

A number of research firms recently issued reports on HII. 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 research note on Friday, May 2nd. Barclays lifted their target price on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Finally, Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $244.56.

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.