Gotham Asset Management LLC Increases Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Gotham Asset Management LLC increased its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 158.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,516 shares of the aerospace company’s stock after buying an additional 24,224 shares during the quarter. Gotham Asset Management LLC’s holdings in Huntington Ingalls Industries were worth $7,467,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Huntington Ingalls Industries by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company’s stock valued at $950,391,000 after purchasing an additional 14,988 shares during the period. Geode Capital Management LLC increased its stake in Huntington Ingalls Industries by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company’s stock valued at $197,677,000 after buying an additional 29,670 shares during the period. Earnest Partners LLC raised its position in Huntington Ingalls Industries by 32.6% during 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 during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Huntington Ingalls Industries by 15.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 578,488 shares of the aerospace company’s stock worth $109,316,000 after acquiring an additional 77,718 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII opened at $229.92 on Tuesday. 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. 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 business’s 50 day simple moving average is $210.40 and its 200-day simple moving average is $198.17. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $285.81.

Huntington Ingalls Industries (NYSE:HII) last posted 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. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the previous year, the business earned $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, equities analysts forecast 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 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. The ex-dividend date is Friday, May 30th. This represents a $5.40 annualized dividend and a yield of 2.35%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 38.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Barclays raised their price objective on shares of 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. The Goldman Sachs Group raised 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, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $238.44.

Insiders Place Their Bets

In related news, Director Thomas C. Schievelbein purchased 2,120 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $164.82 per share, with a total value of $349,418.40. Following the completion of the acquisition, the director now directly owns 7,967 shares in the company, valued at $1,313,120.94. The trade was a 36.26% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total value of $301,483.00. Following the sale, the vice president now directly owns 9,581 shares in the company, valued at approximately $2,221,929.71. The trade was a 11.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,010 shares of company stock worth $899,510. Insiders own 0.72% of the company’s stock.

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.