California Public Employees Retirement System Boosts Holdings in Huntington Ingalls Industries, Inc. $HII

California Public Employees Retirement System increased its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,256 shares of the aerospace company’s stock after purchasing an additional 2,079 shares during the period. California Public Employees Retirement System owned approximately 0.19% of Huntington Ingalls Industries worth $28,590,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HII. Personal CFO Solutions LLC raised its holdings in Huntington Ingalls Industries by 3.7% in the first quarter. Personal CFO Solutions LLC now owns 775 shares of the aerospace company’s stock worth $294,000 after buying an additional 28 shares during the last quarter. TriaGen Wealth Management LLC lifted its stake in shares of Huntington Ingalls Industries by 1.6% in the fourth quarter. TriaGen Wealth Management LLC now owns 1,971 shares of the aerospace company’s stock worth $670,000 after buying an additional 31 shares in the last quarter. Intrust Bank NA grew its holdings in shares of Huntington Ingalls Industries by 4.5% during the fourth quarter. Intrust Bank NA now owns 821 shares of the aerospace company’s stock valued at $279,000 after buying an additional 35 shares during the last quarter. Oakworth Capital Inc. grew its holdings in shares of Huntington Ingalls Industries by 1.7% during the fourth quarter. Oakworth Capital Inc. now owns 2,205 shares of the aerospace company’s stock valued at $750,000 after buying an additional 36 shares during the last quarter. Finally, Whittier Trust Co. increased its position in shares of Huntington Ingalls Industries by 2.5% during the first quarter. Whittier Trust Co. now owns 1,532 shares of the aerospace company’s stock valued at $625,000 after acquiring an additional 38 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $319.58, for a total value of $1,118,530.00. Following the transaction, the vice president directly owned 8,391 shares in the company, valued at $2,681,595.78. This trade represents a 29.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.80% of the stock is owned by insiders.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $268.60 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.19 and a debt-to-equity ratio of 0.52. The company has a 50 day moving average price of $295.79 and a 200-day moving average price of $362.90. Huntington Ingalls Industries, Inc. has a 52 week low of $250.91 and a 52 week high of $460.00. The firm has a market capitalization of $10.58 billion, a PE ratio of 17.48, a P/E/G ratio of 1.15 and a beta of 0.25.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.09. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the prior year, the firm earned $3.79 earnings per share. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 17.31 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio is presently 35.91%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HII shares. Weiss Ratings lowered shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Wells Fargo & Company started coverage on Huntington Ingalls Industries in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 target price on the stock. Citigroup reduced their target price on Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Wall Street Zen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, TD Cowen lowered their price target on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $374.00.

About Huntington Ingalls Industries

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.