Teacher Retirement System of Texas Invests $1.32 Million in Huntington Ingalls Industries, Inc. (NYSE:HII)

Teacher Retirement System of Texas bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 6,491 shares of the aerospace company's stock, valued at approximately $1,324,000.

Other institutional investors have also modified their holdings of the company. Sentry Investment Management LLC purchased a new stake in shares of Huntington Ingalls Industries during the 1st quarter worth about $26,000. EverSource Wealth Advisors LLC boosted its holdings in Huntington Ingalls Industries by 503.8% in 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 period. Raiffeisen Bank International AG purchased a new position in Huntington Ingalls Industries in the 4th quarter worth approximately $36,000. Grove Bank & Trust purchased a new position in Huntington Ingalls Industries in the 1st quarter worth approximately $61,000. Finally, Canada Post Corp Registered Pension Plan purchased a new position in shares of Huntington Ingalls Industries during the 4th quarter valued at approximately $70,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price for the company in a research note on Thursday, May 15th. TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and increased their target price for the company from $250.00 to $300.00 in a research note on Thursday. Barclays increased their target price on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. 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 investment analyst has rated the stock with a sell rating, six have issued a hold rating and three 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 $251.38.

Huntington Ingalls Industries Stock Performance

Shares of HII traded down $0.60 during trading hours on Monday, reaching $257.59. 34,397 shares of the company's stock traded hands, compared to its average volume of 560,973. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.07 and a quick ratio of 0.99. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $285.81. The firm has a market capitalization of $10.11 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 1.59 and a beta of 0.31. The business's fifty day simple moving average is $233.56 and its two-hundred day simple moving average is $208.99.

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

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $1.35 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.10%. Huntington Ingalls Industries's dividend payout ratio (DPR) is 38.90%.

Insider Activity at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 1,965 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total value of $449,867.10. Following the completion of the sale, the vice president directly owned 21,228 shares of the company's stock, valued at approximately $4,859,938.32. This represents a 8.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anastasi D. Kelly sold 1,960 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total value of $455,856.80. Following the completion of the sale, the director directly 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 sold 5,225 shares of company stock worth $1,207,207 in the last quarter. 0.86% of the stock is owned by company insiders.

About Huntington Ingalls Industries

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.