Louisiana State Employees Retirement System Sells 100 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Louisiana State Employees Retirement System decreased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,200 shares of the aerospace company’s stock after selling 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Huntington Ingalls Industries were worth $542,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HII. Capital World Investors grew its holdings in shares of Huntington Ingalls Industries by 0.7% in the 4th quarter. Capital World Investors now owns 2,312,383 shares of the aerospace company’s stock valued at $600,387,000 after acquiring an additional 15,798 shares in the last quarter. Van ECK Associates Corp boosted its position in Huntington Ingalls Industries by 15.1% during the first quarter. Van ECK Associates Corp now owns 787,756 shares of the aerospace company’s stock valued at $229,607,000 after purchasing an additional 103,521 shares during the last quarter. Earnest Partners LLC grew its stake in Huntington Ingalls Industries by 4.0% in the first quarter. Earnest Partners LLC now owns 626,987 shares of the aerospace company’s stock valued at $182,748,000 after purchasing an additional 24,368 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Huntington Ingalls Industries by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 478,560 shares of the aerospace company’s stock worth $124,251,000 after purchasing an additional 9,560 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Huntington Ingalls Industries by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 368,532 shares of the aerospace company’s stock worth $95,686,000 after purchasing an additional 9,760 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HII. Citigroup started coverage on shares of Huntington Ingalls Industries in a research note on Monday, May 20th. They issued a “buy” rating and a $310.00 target price for the company. StockNews.com downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $278.00.

Huntington Ingalls Industries Trading Up 0.4 %

Shares of Huntington Ingalls Industries stock opened at $282.77 on Friday. Huntington Ingalls Industries, Inc. has a 1 year low of $199.11 and a 1 year high of $299.50. The company has a market capitalization of $11.15 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 2.28 and a beta of 0.53. The business has a fifty day simple moving average of $262.51 and a two-hundred day simple moving average of $268.01. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.82 and a quick ratio of 0.89.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, beating the consensus estimate of $3.61 by $0.77. The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.27 EPS. Research analysts forecast that Huntington Ingalls Industries, Inc. will post 16.32 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Friday, August 30th. Huntington Ingalls Industries’s payout ratio is 29.31%.

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.