Teacher Retirement System of Texas raised its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 391,425 shares of the aerospace company’s stock after buying an additional 2,367 shares during the period. Teacher Retirement System of Texas’ holdings in Huntington Ingalls Industries were worth $72,868,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Advisor Partners LLC boosted its stake in Huntington Ingalls Industries by 0.3% in the second quarter. Advisor Partners LLC now owns 1,391 shares of the aerospace company’s stock valued at $259,000 after buying an additional 4 shares during the period. Somerset Trust Co boosted its stake in Huntington Ingalls Industries by 0.4% in the first quarter. Somerset Trust Co now owns 2,806 shares of the aerospace company’s stock valued at $562,000 after buying an additional 10 shares during the period. Capital One National Association boosted its stake in Huntington Ingalls Industries by 0.4% in the first quarter. Capital One National Association now owns 7,465 shares of the aerospace company’s stock valued at $1,495,000 after buying an additional 30 shares during the period. TD Asset Management Inc. boosted its stake in Huntington Ingalls Industries by 1.5% in the first quarter. TD Asset Management Inc. now owns 2,790 shares of the aerospace company’s stock valued at $559,000 after buying an additional 40 shares during the period. Finally, Van ECK Associates Corp boosted its stake in Huntington Ingalls Industries by 6.3% in the first quarter. Van ECK Associates Corp now owns 673 shares of the aerospace company’s stock valued at $135,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 85.98% of the company’s stock.

Huntington Ingalls Industries, Inc. (NYSE HII) opened at 213.08 on Friday. The stock has a market cap of $9.68 billion, a PE ratio of 17.41 and a beta of 1.18. Huntington Ingalls Industries, Inc. has a 1-year low of $146.52 and a 1-year high of $220.68. The stock has a 50 day moving average price of $199.24 and a 200-day moving average price of $200.68.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.59. Huntington Ingalls Industries had a return on equity of 31.12% and a net margin of 7.93%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the prior year, the firm earned $2.32 earnings per share. Huntington Ingalls Industries’s revenue was up 9.3% compared to the same quarter last year. On average, equities analysts expect that Huntington Ingalls Industries, Inc. will post $11.56 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be paid a $0.60 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $2.40 annualized dividend and a yield of 1.13%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 19.61%.

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Several research firms have weighed in on HII. Zacks Investment Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 8th. BidaskClub upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Credit Suisse Group dropped their price objective on Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating for the company in a report on Monday, May 15th. Deutsche Bank AG reiterated a “buy” rating and issued a $240.00 price objective (up previously from $230.00) on shares of Huntington Ingalls Industries in a report on Wednesday. Finally, Cowen and Company reiterated a “hold” rating and issued a $210.00 price objective on shares of Huntington Ingalls Industries in a report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $205.00.

In other news, VP Christopher D. Kastner acquired 4,183 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were bought at an average price of $189.40 per share, with a total value of $792,260.20. Following the completion of the purchase, the vice president now directly owns 39,464 shares in the company, valued at $7,474,481.60. 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 850 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $197.60, for a total value of $167,960.00. Following the completion of the transaction, the vice president now directly owns 20,740 shares in the company, valued at approximately $4,098,224. The disclosure for this sale can be found here. In the last three months, insiders sold 4,764 shares of company stock worth $930,588. 2.22% of the stock is owned by insiders.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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