D. E. Shaw & Co. Inc. Boosts Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

D. E. Shaw & Co. Inc. boosted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 1,648.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 375,872 shares of the aerospace company’s stock after acquiring an additional 354,374 shares during the period. D. E. Shaw & Co. Inc. owned about 0.96% of Huntington Ingalls Industries worth $71,029,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. River Road Asset Management LLC acquired a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at about $65,215,000. Diamond Hill Capital Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 132.9% in 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 acquiring an additional 239,688 shares during the period. Earnest Partners LLC grew its position in shares of Huntington Ingalls Industries by 32.6% during the fourth quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company’s stock worth $157,216,000 after acquiring an additional 204,376 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at $36,191,000. Finally, Raymond James Financial Inc. purchased a new stake in Huntington Ingalls Industries in the 4th quarter valued at $27,881,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Activity

In other news, Director Thomas C. Schievelbein purchased 2,120 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $164.82 per share, with a total value of $349,418.40. Following the purchase, the director now directly owns 7,967 shares of the company’s stock, valued at $1,313,120.94. This represents a 36.26 % increase in their position. The transaction 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 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 sale, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. The trade was a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 4,010 shares of company stock worth $899,510. Company insiders own 0.86% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $231.61 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $285.81. The company has a market cap of $9.09 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 1.15 and a beta of 0.31. The stock has a 50 day simple moving average of $209.68 and a 200-day simple moving average of $199.12.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter last year, the company earned $3.87 earnings per share. Huntington Ingalls Industries’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business 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 $1.35 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a yield of 2.33%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.90%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. The Goldman Sachs Group raised their price objective 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, May 2nd. Barclays boosted their price target 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $238.44.

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.