New York State Common Retirement Fund Cuts Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

New York State Common Retirement Fund trimmed its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 2.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,969 shares of the aerospace company's stock after selling 2,124 shares during the period. New York State Common Retirement Fund owned approximately 0.23% of Huntington Ingalls Industries worth $18,765,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC boosted its holdings in Huntington Ingalls Industries by 17.1% during the 4th quarter. HighTower Advisors LLC now owns 8,583 shares of the aerospace company's stock worth $1,622,000 after acquiring an additional 1,256 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Huntington Ingalls Industries by 503.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock worth $30,000 after acquiring an additional 131 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in Huntington Ingalls Industries by 47.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 7,865 shares of the aerospace company's stock worth $1,486,000 after acquiring an additional 2,546 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Huntington Ingalls Industries by 80.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 22,180 shares of the aerospace company's stock worth $4,191,000 after acquiring an additional 9,913 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in Huntington Ingalls Industries by 36.2% during the 4th quarter. Natixis Advisors LLC now owns 97,327 shares of the aerospace company's stock worth $18,392,000 after acquiring an additional 25,846 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Insider Transactions at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 1,300 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total value of $301,483.00. Following the completion of the transaction, the vice president directly owned 9,581 shares in the company, valued at $2,221,929.71. The trade was a 11.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anastasi D. Kelly sold 1,960 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total transaction of $455,856.80. Following the sale, the director owned 17,485 shares of the company's stock, valued at approximately $4,066,661.30. This represents a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,225 shares of company stock valued at $1,207,207 in the last ninety days. 0.72% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Trading Down 0.4%

Shares of NYSE HII traded down $0.98 during trading hours on Friday, hitting $254.37. The company's stock had a trading volume of 542,690 shares, compared to its average volume of 562,572. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.99 and a current ratio of 1.07. The stock has a market cap of $9.98 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 1.56 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $285.81. The business has a 50-day simple moving average of $235.40 and a 200-day simple moving average of $210.54.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted 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. The company had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.80 billion. Huntington Ingalls Industries had a return on equity of 12.26% and a net margin of 4.76%. Huntington Ingalls Industries's quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the firm earned $3.87 earnings per share. On average, analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a $1.35 dividend. The ex-dividend date was Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.12%. Huntington Ingalls Industries's dividend payout ratio is currently 38.90%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their price objective for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. Barclays increased their price objective on 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 target price on the stock in a research note on Thursday, May 15th. Finally, The Goldman Sachs Group increased their target price on 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 research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Huntington Ingalls Industries presently has an average rating of "Hold" and a consensus price target of $251.38.

Huntington Ingalls Industries Company 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.