California Public Employees Retirement System Grows Stock Position in Huntington Ingalls Industries, Inc. $HII

California Public Employees Retirement System lifted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 75,256 shares of the aerospace company’s stock after buying an additional 2,079 shares during the period. California Public Employees Retirement System’s holdings in Huntington Ingalls Industries were worth $28,590,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bayban bought a new position in Huntington Ingalls Industries in the first quarter worth approximately $27,000. NBC Securities Inc. grew its position in shares of Huntington Ingalls Industries by 87.2% during the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 41 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of Huntington Ingalls Industries during the 2nd quarter valued at $25,000. Rakuten Securities Inc. increased its stake in shares of Huntington Ingalls Industries by 140.0% in the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 63 shares in the last quarter. Finally, Motiv8 Investments LLC purchased a new stake in shares of Huntington Ingalls Industries in the 4th quarter worth $38,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII opened at $268.60 on Wednesday. The stock has a market cap of $10.58 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.15 and a beta of 0.25. Huntington Ingalls Industries, Inc. has a 1 year low of $250.91 and a 1 year high of $460.00. The firm has a fifty day moving average price of $295.79 and a 200-day moving average price of $362.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.11.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results 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. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. Huntington Ingalls Industries’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.79 EPS. Equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 17.31 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

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

Insider Buying and Selling

In other news, VP Edmond E. Jr. Hughes sold 3,500 shares of the business’s stock in a transaction dated 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. The trade was a 29.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Huntington Ingalls Industries Company Profile

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.