Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 3.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 106,878 shares of the aerospace company’s stock after selling 3,843 shares during the period. New York State Common Retirement Fund owned 0.27% of Huntington Ingalls Industries worth $27,750,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of HII. Aspire Private Capital LLC acquired a new stake in Huntington Ingalls Industries during the fourth quarter worth about $471,000. California Public Employees Retirement System increased its position in Huntington Ingalls Industries by 0.7% during the fourth quarter. California Public Employees Retirement System now owns 223,473 shares of the aerospace company’s stock worth $58,023,000 after purchasing an additional 1,456 shares during the last quarter. Foundry Partners LLC acquired a new stake in Huntington Ingalls Industries during the fourth quarter worth about $214,000. CWM LLC increased its position in Huntington Ingalls Industries by 11.3% during the fourth quarter. CWM LLC now owns 1,384 shares of the aerospace company’s stock worth $359,000 after purchasing an additional 141 shares during the last quarter. Finally, abrdn plc increased its position in Huntington Ingalls Industries by 51.3% during the fourth quarter. abrdn plc now owns 21,579 shares of the aerospace company’s stock worth $5,603,000 after purchasing an additional 7,313 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Jennifer R. Boykin sold 2,176 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $272.31, for a total value of $592,546.56. Following the completion of the transaction, the vice president now owns 6,877 shares of the company’s stock, valued at $1,872,675.87. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, VP D R. Wyatt sold 900 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $263.69, for a total value of $237,321.00. Following the completion of the transaction, the vice president now owns 19,100 shares of the company’s stock, valued at $5,036,479. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Jennifer R. Boykin sold 2,176 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $272.31, for a total transaction of $592,546.56. Following the completion of the transaction, the vice president now directly owns 6,877 shares of the company’s stock, valued at approximately $1,872,675.87. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,472 shares of company stock valued at $2,398,345. 0.72% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Trading Up 0.4 %

Shares of HII stock opened at $277.16 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.95 and a quick ratio of 0.89. The firm has a market cap of $10.98 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 2.60 and a beta of 0.60. The company has a 50-day moving average of $285.45 and a two-hundred day moving average of $259.78. Huntington Ingalls Industries, Inc. has a 1-year low of $188.51 and a 1-year high of $299.50.

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

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Thursday, February 22nd. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 30.41%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HII shares. 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 report on Thursday, March 21st. Barclays raised their price objective on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th.

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.