Huntington Ingalls Industries Inc (NYSE:HII) Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System grew its position in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 68,229 shares of the aerospace company’s stock after purchasing an additional 736 shares during the quarter. California State Teachers Retirement System’s holdings in Huntington Ingalls Industries were worth $14,450,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of Huntington Ingalls Industries by 8.4% in the 2nd quarter. BlackRock Inc. now owns 3,537,271 shares of the aerospace company’s stock valued at $794,967,000 after purchasing an additional 272,816 shares during the last quarter. State Street Corp grew its stake in Huntington Ingalls Industries by 1.6% during the 3rd quarter. State Street Corp now owns 3,373,559 shares of the aerospace company’s stock worth $714,486,000 after buying an additional 54,696 shares during the last quarter. AQR Capital Management LLC increased its position in Huntington Ingalls Industries by 6.2% during the second quarter. AQR Capital Management LLC now owns 1,977,854 shares of the aerospace company’s stock worth $443,019,000 after buying an additional 114,894 shares during the period. LSV Asset Management increased its position in Huntington Ingalls Industries by 1.0% during the second quarter. LSV Asset Management now owns 1,751,664 shares of the aerospace company’s stock worth $393,668,000 after buying an additional 17,822 shares during the period. Finally, Boston Partners increased its position in Huntington Ingalls Industries by 6.5% during the third quarter. Boston Partners now owns 591,203 shares of the aerospace company’s stock worth $125,247,000 after buying an additional 36,071 shares during the period. 87.49% of the stock is currently owned by institutional investors.

In related news, CAO Nicolas G. Schuck sold 400 shares of Huntington Ingalls Industries stock in a transaction on Monday, November 11th. The shares were sold at an average price of $250.00, for a total value of $100,000.00. Following the transaction, the chief accounting officer now directly owns 2,240 shares in the company, valued at approximately $560,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jerri F. Dickseski sold 1,874 shares of Huntington Ingalls Industries stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $205.00, for a total transaction of $384,170.00. Following the completion of the transaction, the vice president now owns 33,888 shares in the company, valued at $6,947,040. The disclosure for this sale can be found here. 2.65% of the stock is owned by corporate insiders.

Several equities research analysts have recently weighed in on HII shares. Alembic Global Advisors raised Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a report on Monday, August 5th. Buckingham Research cut their target price on shares of Huntington Ingalls Industries from $295.00 to $265.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Bank of America reduced their price target on shares of Huntington Ingalls Industries from $305.00 to $275.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Finally, ValuEngine downgraded shares of Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $243.57.

Shares of HII stock opened at $250.04 on Tuesday. The stock has a market capitalization of $10.29 billion, a PE ratio of 17.24 and a beta of 1.22. Huntington Ingalls Industries Inc has a 52-week low of $173.80 and a 52-week high of $260.81. The stock’s 50-day moving average price is $236.25 and its 200 day moving average price is $220.69. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.01.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, November 7th. The aerospace company reported $3.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.63 by $0.11. Huntington Ingalls Industries had a return on equity of 38.18% and a net margin of 7.05%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the prior year, the business earned $5.29 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. Analysts expect that Huntington Ingalls Industries Inc will post 13.94 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 1.65%. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $0.86. Huntington Ingalls Industries’s payout ratio is presently 21.58%.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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