California State Teachers Retirement System Raises Stock Holdings in Huntington Ingalls Industries, Inc. $HII

California State Teachers Retirement System boosted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 27,982.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 12,808,326 shares of the aerospace company's stock after acquiring an additional 12,762,717 shares during the quarter. California State Teachers Retirement System owned about 32.51% of Huntington Ingalls Industries worth $3,584,922,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Bayban acquired a new stake in shares of Huntington Ingalls Industries during the first quarter worth about $27,000. Cassaday & Co Wealth Management LLC purchased a new stake in Huntington Ingalls Industries in the first quarter valued at approximately $36,000. CYBER HORNET ETFs LLC acquired a new position in Huntington Ingalls Industries in the 2nd quarter worth approximately $25,000. Rakuten Securities Inc. increased its holdings in 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 buying an additional 63 shares during the period. Finally, Motiv8 Investments LLC purchased a new position in Huntington Ingalls Industries during the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, CEO Christopher Kastner sold 13,070 shares of Huntington Ingalls Industries stock in a transaction on Monday, August 10th. The shares were sold at an average price of $324.92, for a total value of $4,246,704.40. Following the completion of the transaction, the chief executive officer owned 11,224 shares of the company's stock, valued at approximately $3,646,902.08. The trade was a 53.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.80% of the company's stock.

Huntington Ingalls Industries Trading Up 0.4%

Shares of NYSE:HII opened at $281.94 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.14 and a debt-to-equity ratio of 0.51. Huntington Ingalls Industries, Inc. has a 12-month low of $263.62 and a 12-month high of $460.00. The business has a 50 day moving average of $297.61 and a two-hundred day moving average of $336.15. The company has a market capitalization of $11.11 billion, a PE ratio of 16.80, a PEG ratio of 1.06 and a beta of 0.23.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The aerospace company reported $5.27 EPS for the quarter, topping analysts' consensus estimates of $3.79 by $1.48. The business had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.15 billion. Huntington Ingalls Industries had a net margin of 5.01% and a return on equity of 12.89%. The business's revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the company earned $3.86 EPS. As a group, analysts forecast that Huntington Ingalls Industries, Inc. will post 18.47 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, August 28th. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 32.90%.

Analysts Set New Price Targets

Several analysts have commented on HII shares. Sanford C. Bernstein set a $341.00 price objective on shares of Huntington Ingalls Industries in a research note on Tuesday, August 25th. Wall Street Zen lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research note on Monday, May 18th. Wells Fargo & Company raised their target price on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 4th. Wolfe Research upgraded shares of Huntington Ingalls Industries from a "peer perform" rating to an "outperform" rating and set a $364.00 target price for the company in a research report on Friday, July 31st. Finally, TD Cowen lowered their price target on shares of Huntington Ingalls Industries from $420.00 to $360.00 and set a "buy" rating on the stock in a report on Monday, July 13th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $368.88.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc NYSE: HII is a U.S. defense company focused on designing, building, modernizing and maintaining military ships and providing technology services to government customers. It is the largest military shipbuilding company in the United States and one of the few companies capable of designing and constructing nuclear-powered aircraft carriers and submarines.

HII operates through three primary businesses: Newport News Shipbuilding, Ingalls Shipbuilding and Mission Technologies.

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