California State Teachers Retirement System Sells 1,352 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

California State Teachers Retirement System trimmed its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,257 shares of the aerospace company’s stock after selling 1,352 shares during the period. California State Teachers Retirement System owned about 0.15% of Huntington Ingalls Industries worth $16,689,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Cranbrook Wealth Management LLC bought a new stake in Huntington Ingalls Industries in the fourth quarter valued at $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. American National Bank purchased a new position in shares of Huntington Ingalls Industries during the first quarter valued at about $30,000. Riverview Trust Co bought a new position in shares of Huntington Ingalls Industries during the first quarter valued at approximately $30,000. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Huntington Ingalls Industries during the first quarter valued at approximately $31,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Huntington Ingalls Industries Stock Performance

Shares of HII opened at $265.72 on Friday. The business has a 50-day simple moving average of $253.98 and a two-hundred day simple moving average of $267.02. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.54. Huntington Ingalls Industries, Inc. has a 52 week low of $199.11 and a 52 week high of $299.50. The stock has a market cap of $10.48 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 2.39 and a beta of 0.53.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.61 by $0.77. Huntington Ingalls Industries had a net margin of 6.09% and a return on equity of 18.08%. The company had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the prior year, the firm posted $3.27 EPS. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, analysts expect that Huntington Ingalls Industries, Inc. will post 16.32 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.96%. The ex-dividend date is Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio is currently 29.31%.

Insider Activity

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $256.07, for a total value of $384,105.00. Following the completion of the transaction, the vice president now directly owns 8,135 shares in the company, valued at approximately $2,083,129.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 1,043 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $252.03, for a total transaction of $262,867.29. Following the completion of the transaction, the vice president now owns 11,961 shares in the company, valued at approximately $3,014,530.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Edmond E. Jr. Hughes sold 1,500 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $256.07, for a total transaction of $384,105.00. Following the transaction, the vice president now owns 8,135 shares of the company’s stock, valued at approximately $2,083,129.45. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

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.