California State Teachers Retirement System Lowers Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

California State Teachers Retirement System lowered its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 16.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,114 shares of the aerospace company's stock after selling 9,017 shares during the period. California State Teachers Retirement System owned 0.12% of Huntington Ingalls Industries worth $8,903,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HII. Generali Asset Management SPA SGR acquired a new position in Huntington Ingalls Industries in the 4th quarter valued at approximately $2,056,000. Assetmark Inc. grew its holdings in Huntington Ingalls Industries by 2,154.9% during the 4th quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock worth $1,474,000 after acquiring an additional 7,456 shares during the period. Northcape Wealth Management LLC bought a new position in shares of Huntington Ingalls Industries in the 4th quarter worth about $3,642,000. Essential Planning LLC. acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at about $2,457,000. Finally, Integrated Quantitative Investments LLC bought a new stake in shares of Huntington Ingalls Industries during the 4th quarter valued at about $283,000. Institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

HII has been the topic of a number of research analyst reports. Barclays increased their price objective on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target on the stock in a research report on Thursday, May 15th. Finally, The Goldman Sachs Group lifted their price objective on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $236.38.

Huntington Ingalls Industries Trading Up 2.4%

Shares of Huntington Ingalls Industries stock traded up $5.33 during trading on Tuesday, reaching $228.13. The company's stock had a trading volume of 491,291 shares, compared to its average volume of 711,708. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The company has a market cap of $8.95 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 1.15 and a beta of 0.31. The firm's 50-day moving average is $217.92 and its two-hundred day moving average is $199.97. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $285.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.80 billion. During the same quarter last year, the business earned $3.87 earnings per share. The business's revenue was down 2.5% on a year-over-year basis. On average, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.37%. Huntington Ingalls Industries's dividend payout ratio is presently 38.90%.

Insider Transactions at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 1,300 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total transaction of $301,483.00. Following the completion of the transaction, the vice president now owns 9,581 shares of the company's stock, valued at $2,221,929.71. This trade represents a 11.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,884 shares of the company's stock, valued at approximately $546,691.04. This represents a 20.64% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,010 shares of company stock valued at $899,510. Company insiders own 0.72% of the company's stock.

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.