Teachers Retirement System of The State of Kentucky Sells 14,500 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Teachers Retirement System of The State of Kentucky cut its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 16.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,935 shares of the aerospace company's stock after selling 14,500 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.19% of Huntington Ingalls Industries worth $13,972,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Huntington Ingalls Industries by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company's stock worth $950,391,000 after purchasing an additional 14,988 shares during the last quarter. Geode Capital Management LLC grew its position in Huntington Ingalls Industries by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company's stock worth $197,677,000 after purchasing an additional 29,670 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Huntington Ingalls Industries by 15.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 578,488 shares of the aerospace company's stock worth $109,316,000 after purchasing an additional 77,718 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in Huntington Ingalls Industries by 7.6% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 453,178 shares of the aerospace company's stock worth $85,637,000 after purchasing an additional 31,934 shares during the last quarter. Finally, Sei Investments Co. grew its position in Huntington Ingalls Industries by 32.4% in the 4th quarter. Sei Investments Co. now owns 445,926 shares of the aerospace company's stock worth $84,269,000 after purchasing an additional 109,134 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Thomas C. Schievelbein acquired 2,120 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the transaction, the director now owns 7,967 shares of the company's stock, valued at approximately $1,313,120.94. This represents a 36.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction on Thursday, March 6th. The shares were 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 owns 2,884 shares in the company, valued at $546,691.04. The trade was a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII traded up $4.37 during mid-day trading on Friday, hitting $226.27. 570,311 shares of the stock were exchanged, compared to its average volume of 519,958. The company has a market cap of $8.88 billion, a P/E ratio of 16.21, a PEG ratio of 1.15 and a beta of 0.34. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $285.81. The stock's fifty day simple moving average is $198.20 and its two-hundred day simple moving average is $200.32.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing analysts' consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. As a group, analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a yield of 2.39%. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.68%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HII. The Goldman Sachs Group upgraded shares of Huntington Ingalls Industries from a "sell" rating to a "buy" rating and raised their price target for the stock from $145.00 to $234.00 in a research report on Friday, April 11th. Barclays decreased their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $231.11.

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.