New York State Teachers Retirement System Sells 3,177 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

New York State Teachers Retirement System trimmed its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 7.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,954 shares of the aerospace company's stock after selling 3,177 shares during the quarter. New York State Teachers Retirement System owned 0.10% of Huntington Ingalls Industries worth $7,744,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HII. Sentry Investment Management LLC acquired a new stake in Huntington Ingalls Industries in the first quarter valued at approximately $26,000. EverSource Wealth Advisors LLC boosted its position in Huntington Ingalls Industries by 503.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock valued at $30,000 after buying an additional 131 shares in the last quarter. Raiffeisen Bank International AG acquired a new stake in Huntington Ingalls Industries in the fourth quarter valued at approximately $36,000. Grove Bank & Trust acquired a new stake in Huntington Ingalls Industries in the first quarter valued at approximately $61,000. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in Huntington Ingalls Industries in the fourth quarter valued at approximately $70,000. 90.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Chad N. Boudreaux sold 1,965 shares of Huntington Ingalls Industries stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total transaction of $449,867.10. Following the completion of the transaction, the vice president owned 21,228 shares of the company's stock, valued at $4,859,938.32. This trade represents a 8.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of Huntington Ingalls Industries stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total transaction of $301,483.00. Following the completion of the sale, the vice president directly owned 9,581 shares of the company's stock, valued at approximately $2,221,929.71. This trade represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,225 shares of company stock valued at $1,207,207 over the last quarter. Insiders own 0.86% of the company's stock.

Huntington Ingalls Industries Trading Down 2.1%

Shares of NYSE:HII traded down $5.28 during mid-day trading on Tuesday, reaching $248.25. 560,191 shares of the company's stock were exchanged, compared to its average volume of 559,329. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $285.81. The business's fifty day moving average price is $232.03 and its 200-day moving average price is $207.55. The firm has a market capitalization of $9.74 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 1.60 and a beta of 0.31. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.99 and a current ratio of 1.07.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, topping analysts' consensus estimates of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.76% and a return on equity of 12.26%. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter last year, the firm earned $3.87 earnings per share. Huntington Ingalls Industries's quarterly revenue was down 2.5% on a year-over-year basis. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio is presently 38.90%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays raised their target price on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. The Goldman Sachs Group raised their target price on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $236.38.

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.