Texas Permanent School Fund Has $1.25 Million Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Texas Permanent School Fund grew its position in Huntington Ingalls Industries, Inc. (NYSE:HIIGet Rating) by 6.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,652 shares of the aerospace company’s stock after buying an additional 363 shares during the quarter. Texas Permanent School Fund’s holdings in Huntington Ingalls Industries were worth $1,252,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Koshinski Asset Management Inc. acquired a new position in shares of Huntington Ingalls Industries in the third quarter worth about $755,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Huntington Ingalls Industries by 2.0% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,522 shares of the aerospace company’s stock worth $549,000 after buying an additional 50 shares during the period. Rosenberg Matthew Hamilton boosted its holdings in shares of Huntington Ingalls Industries by 10.5% in the second quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company’s stock worth $116,000 after buying an additional 50 shares during the period. Global Trust Asset Management LLC boosted its holdings in shares of Huntington Ingalls Industries by 3.9% in the second quarter. Global Trust Asset Management LLC now owns 1,317 shares of the aerospace company’s stock worth $287,000 after buying an additional 50 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Huntington Ingalls Industries by 15.0% in the first quarter. EverSource Wealth Advisors LLC now owns 407 shares of the aerospace company’s stock worth $82,000 after buying an additional 53 shares during the period. 86.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HII. Bank of America cut shares of Huntington Ingalls Industries from a “neutral” rating to an “underperform” rating and set a $230.00 target price for the company. in a report on Friday, November 11th. StockNews.com raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Tuesday. Credit Suisse Group reduced their price target on shares of Huntington Ingalls Industries from $259.00 to $244.00 and set a “neutral” rating for the company in a research report on Thursday. TheStreet lowered shares of Huntington Ingalls Industries from a “b” rating to a “c+” rating in a research report on Tuesday, November 29th. Finally, Wolfe Research began coverage on shares of Huntington Ingalls Industries in a research report on Monday, October 10th. They issued an “outperform” rating and a $315.00 price target for the company. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $252.40.

Huntington Ingalls Industries Price Performance

Shares of HII opened at $228.47 on Friday. The firm has a market cap of $9.12 billion, a PE ratio of 15.90 and a beta of 0.62. The firm’s 50 day moving average price is $231.07 and its 200 day moving average price is $229.27. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.91 and a current ratio of 0.97. Huntington Ingalls Industries, Inc. has a twelve month low of $177.20 and a twelve month high of $260.02.

Huntington Ingalls Industries (NYSE:HIIGet Rating) last released its quarterly earnings results on Thursday, November 3rd. The aerospace company reported $3.44 EPS for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.09). Huntington Ingalls Industries had a net margin of 5.46% and a return on equity of 19.81%. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the prior year, the business earned $3.65 EPS. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, research analysts expect that Huntington Ingalls Industries, Inc. will post 14.69 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Friday, November 25th were given a $1.24 dividend. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.18. The ex-dividend date of this dividend was Wednesday, November 23rd. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.17%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 34.52%.

Huntington Ingalls Industries Company Profile

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Huntington Ingalls Industries, Inc engages in 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; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.

Further Reading

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

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