Foundry Partners LLC Purchases New Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Foundry Partners LLC acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 825 shares of the aerospace company’s stock, valued at approximately $214,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new stake in shares of Huntington Ingalls Industries during the third quarter worth approximately $25,000. Cranbrook Wealth Management LLC purchased a new position in Huntington Ingalls Industries during the 4th quarter worth $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Huntington Ingalls Industries in the 4th quarter worth $30,000. Level Financial Advisors Inc. purchased a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at about $43,000. Finally, Headlands Technologies LLC boosted its holdings in shares of Huntington Ingalls Industries by 30.1% in the third quarter. Headlands Technologies LLC now owns 225 shares of the aerospace company’s stock valued at $46,000 after acquiring an additional 52 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HII shares. Barclays lifted their price target on Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. JPMorgan Chase & Co. raised their price objective on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st.

Insiders Place Their Bets

In other news, CAO Nicolas G. Schuck sold 1,293 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $291.28, for a total value of $376,625.04. Following the sale, the chief accounting officer now owns 2,250 shares of the company’s stock, valued at approximately $655,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 1,293 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $291.28, for a total transaction of $376,625.04. Following the sale, the chief accounting officer now owns 2,250 shares in the company, valued at approximately $655,380. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Edgar A. Green III sold 3,603 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $290.75, for a total transaction of $1,047,572.25. Following the sale, the vice president now directly owns 7,461 shares in the company, valued at $2,169,285.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,472 shares of company stock worth $2,398,345. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $274.46 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.89 and a current ratio of 0.95. Huntington Ingalls Industries, Inc. has a 1 year low of $188.51 and a 1 year high of $299.50. The firm’s 50-day simple moving average is $285.88 and its 200-day simple moving average is $259.16. The firm has a market cap of $10.87 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 2.59 and a beta of 0.60.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 1st. The aerospace company reported $6.90 EPS for the quarter, beating analysts’ consensus estimates of $4.27 by $2.63. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $2.78 billion. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. Huntington Ingalls Industries’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.07 earnings per share. Equities analysts forecast that Huntington Ingalls Industries, Inc. will post 16.36 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.89%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 30.41%.

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.