Susquehanna Fundamental Investments LLC Buys New Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Susquehanna Fundamental Investments LLC bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 27,993 shares of the aerospace company's stock, valued at approximately $5,290,000. Susquehanna Fundamental Investments LLC owned 0.07% of Huntington Ingalls Industries as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Voya Investment Management LLC increased its holdings in Huntington Ingalls Industries by 30.1% during the 4th quarter. Voya Investment Management LLC now owns 18,218 shares of the aerospace company's stock worth $3,443,000 after purchasing an additional 4,213 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in Huntington Ingalls Industries by 41.9% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 52,530 shares of the aerospace company's stock worth $9,927,000 after buying an additional 15,523 shares in the last quarter. Syon Capital LLC purchased a new stake in Huntington Ingalls Industries in the 4th quarter valued at $289,000. MGO One Seven LLC bought a new position in Huntington Ingalls Industries during the 4th quarter valued at $210,000. Finally, Trajan Wealth LLC boosted its holdings in Huntington Ingalls Industries by 22.0% during the 4th quarter. Trajan Wealth LLC now owns 1,120 shares of the aerospace company's stock worth $212,000 after acquiring an additional 202 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Thomas C. Schievelbein acquired 2,120 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average price of $164.82 per share, with a total value of $349,418.40. Following the completion of the purchase, 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 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 that occurred 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 $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 owned by insiders.

Huntington Ingalls Industries Stock Performance

NYSE HII traded up $2.87 on Friday, hitting $230.35. 667,959 shares of the stock traded hands, compared to its average volume of 525,401. 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 business's fifty day moving average is $202.72 and its two-hundred day moving average is $200.29. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $285.81. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 1.15 and a beta of 0.34.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 12.81% and a net margin of 4.77%. The firm's quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.87 EPS. As a group, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Friday, May 30th. Huntington Ingalls Industries's payout ratio is currently 38.68%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Barclays lowered their target price 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 lifted their target price 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. One 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. According to data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of "Hold" and a consensus target price of $234.56.

Huntington Ingalls Industries 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.