Schonfeld Strategic Advisors LLC Acquires Shares of 53,252 Huntington Ingalls Industries, Inc. (NYSE:HII)

Schonfeld Strategic Advisors LLC purchased a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 53,252 shares of the aerospace company's stock, valued at approximately $10,063,000. Schonfeld Strategic Advisors LLC owned approximately 0.14% of Huntington Ingalls Industries as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. River Road Asset Management LLC bought a new stake in shares of Huntington Ingalls Industries in the 4th quarter worth $65,215,000. Diamond Hill Capital Management Inc. boosted its position in shares of Huntington Ingalls Industries by 132.9% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company's stock valued at $79,387,000 after buying an additional 239,688 shares during the last quarter. Earnest Partners LLC increased its holdings in Huntington Ingalls Industries by 32.6% in the 4th 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. Vaughan Nelson Investment Management L.P. purchased a new position in Huntington Ingalls Industries in the 4th quarter worth about $36,191,000. Finally, Raymond James Financial Inc. bought a new position in Huntington Ingalls Industries during the 4th quarter valued at about $27,881,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Huntington Ingalls Industries

In related news, Director Thomas C. Schievelbein purchased 2,120 shares of Huntington Ingalls Industries 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the sale, the chief accounting officer now owns 2,884 shares in the company, valued at approximately $546,691.04. The trade was a 20.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Stock Performance

NYSE:HII traded up $2.87 during mid-day trading on Friday, hitting $230.35. 667,959 shares of the company traded hands, compared to its average volume of 521,477. The stock's fifty day moving average price is $203.81 and its 200-day moving average price is $199.67. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $285.81. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 1.15 and a beta of 0.34.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, topping analysts' consensus estimates of $2.90 by $0.89. The company had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.80 billion. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The firm's revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $3.87 EPS. Research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 annualized dividend and a dividend yield of 2.34%. Huntington Ingalls Industries's payout ratio is 38.68%.

Analyst Ratings Changes

HII has been the subject of several research reports. Barclays decreased their price objective on shares of 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. The Goldman Sachs Group increased their price target on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $234.56.

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.