Huntington Ingalls Industries, Inc. (NYSE:HII) Stock Position Lifted by California Public Employees Retirement System

California Public Employees Retirement System increased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 223,473 shares of the aerospace company’s stock after purchasing an additional 1,456 shares during the period. California Public Employees Retirement System’s holdings in Huntington Ingalls Industries were worth $58,023,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of Huntington Ingalls Industries in the 3rd quarter worth approximately $25,000. Cranbrook Wealth Management LLC bought a new stake in shares of Huntington Ingalls Industries in the 4th quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Huntington Ingalls Industries in the 4th quarter worth approximately $30,000. Level Financial Advisors Inc. bought a new stake in shares of Huntington Ingalls Industries in the 4th quarter worth approximately $43,000. Finally, Headlands Technologies LLC lifted its holdings in shares of Huntington Ingalls Industries by 30.1% in the 3rd quarter. Headlands Technologies LLC now owns 225 shares of the aerospace company’s stock worth $46,000 after purchasing an additional 52 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on HII shares. JPMorgan Chase & Co. lifted their target price on Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Barclays lifted their price target on Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th.

Insider Transactions at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 900 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $263.69, for a total value of $237,321.00. Following the completion of the sale, the vice president now owns 19,100 shares of the company’s stock, valued at $5,036,479. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP D R. Wyatt sold 900 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $263.69, for a total value of $237,321.00. Following the completion of the sale, the vice president now owns 19,100 shares of the company’s stock, valued at $5,036,479. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jennifer R. Boykin sold 2,176 shares of Huntington Ingalls Industries stock in a transaction on Friday, February 9th. The shares were sold at an average price of $272.31, for a total value of $592,546.56. Following the sale, the vice president now directly owns 6,877 shares of the company’s stock, valued at approximately $1,872,675.87. The disclosure for this sale can be found here. Insiders sold a total of 8,472 shares of company stock valued at $2,398,345 over the last quarter. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII opened at $275.98 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $10.93 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 2.60 and a beta of 0.60. The stock’s fifty day simple moving average is $285.61 and its 200 day simple moving average is $259.39. Huntington Ingalls Industries, Inc. has a 52-week low of $188.51 and a 52-week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 1st. The aerospace company reported $6.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.27 by $2.63. The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.07 EPS. As a group, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 16.36 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were given a $1.30 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $5.20 annualized dividend and a dividend yield of 1.88%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 30.41%.

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.