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

California State Teachers Retirement System boosted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 0.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,762 shares of the aerospace company's stock after purchasing an additional 153 shares during the quarter. California State Teachers Retirement System owned approximately 0.12% of Huntington Ingalls Industries worth $12,808,326 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in HII. Personal CFO Solutions LLC grew its position in shares of Huntington Ingalls Industries by 3.7% in the first quarter. Personal CFO Solutions LLC now owns 775 shares of the aerospace company's stock valued at $294,000 after purchasing an additional 28 shares during the period. Intrust Bank NA boosted its stake in shares of Huntington Ingalls Industries by 4.5% in the fourth quarter. Intrust Bank NA now owns 821 shares of the aerospace company's stock valued at $279,000 after purchasing an additional 35 shares during the period. Whittier Trust Co. raised its stake in Huntington Ingalls Industries by 2.5% during the first quarter. Whittier Trust Co. now owns 1,532 shares of the aerospace company's stock worth $625,000 after acquiring an additional 38 shares during the period. New York Life Investment Management LLC boosted its stake in Huntington Ingalls Industries by 0.8% during the fourth quarter. New York Life Investment Management LLC now owns 5,307 shares of the aerospace company's stock valued at $1,805,000 after buying an additional 42 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Huntington Ingalls Industries by 1.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,487 shares of the aerospace company's stock worth $1,526,000 after purchasing an additional 44 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Christopher Kastner sold 13,070 shares of the 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 in the company, valued at approximately $3,646,902.08. This represents a 53.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.80% of the company's stock.

Huntington Ingalls Industries Price Performance

Shares of HII traded up $0.25 during trading hours on Tuesday, hitting $280.26. The stock had a trading volume of 233,699 shares, compared to its average volume of 521,866. Huntington Ingalls Industries, Inc. has a 52 week low of $263.62 and a 52 week high of $460.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.23 and a quick ratio of 1.14. The stock has a market capitalization of $11.04 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 1.05 and a beta of 0.23. The company's fifty day moving average is $297.11 and its two-hundred day moving average is $333.86.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The aerospace company reported $5.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.79 by $1.48. Huntington Ingalls Industries had a return on equity of 12.89% and a net margin of 5.01%.The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the previous year, the business earned $3.86 EPS. The company's quarterly revenue was up 10.9% on a year-over-year basis. On average, analysts anticipate that Huntington Ingalls Industries, Inc. will post 18.47 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 28th were paid a $1.38 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $5.52 dividend on an annualized basis and a yield of 2.0%. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 32.90%.

Analysts Set New Price Targets

Several research firms have recently weighed in on HII. Wells Fargo & Company upped their price target on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the company 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 price objective for the company in a research report on Friday, July 31st. Weiss Ratings raised shares of Huntington Ingalls Industries from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 31st. Wall Street Zen cut shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research report on Monday, May 18th. Finally, Citigroup upped their price target on Huntington Ingalls Industries from $349.00 to $379.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of "Moderate Buy" and an average price target 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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