Louisiana State Employees Retirement System Takes Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Louisiana State Employees Retirement System purchased a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 2,400 shares of the aerospace company’s stock, valued at approximately $623,000.

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

Analyst Ratings Changes

Several analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Barclays boosted 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 note on Tuesday, February 6th.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 500 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $288.56, for a total value of $144,280.00. Following the transaction, the vice president now directly owns 18,600 shares of the company’s stock, valued at $5,367,216. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Huntington Ingalls Industries news, VP D R. Wyatt sold 500 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $288.56, for a total value of $144,280.00. Following the transaction, the vice president now directly owns 18,600 shares in the company, valued at $5,367,216. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP D R. Wyatt sold 900 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $263.69, for a total value of $237,321.00. Following the completion of the sale, the vice president now owns 19,100 shares of the company’s stock, valued at $5,036,479. The disclosure for this sale can be found here. Insiders sold 8,472 shares of company stock valued at $2,398,345 over the last 90 days. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Price Performance

HII opened at $276.97 on Monday. The stock has a 50-day moving average price of $285.45 and a 200-day moving average price of $260.34. The firm has a market cap of $10.97 billion, a PE ratio of 16.20, a P/E/G ratio of 2.61 and a beta of 0.60. Huntington Ingalls Industries, Inc. has a 1 year low of $188.51 and a 1 year high of $299.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.95 and a quick ratio of 0.89.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, February 1st. The aerospace company reported $6.90 EPS for the quarter, beating the consensus estimate of $4.27 by $2.63. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same period last year, the firm posted $3.07 earnings per share. Huntington Ingalls Industries’s revenue was up 13.0% compared to the same quarter last year. Sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 16.34 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were paid a $1.30 dividend. 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 1.88%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 30.41%.

Huntington Ingalls Industries Company 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.