California Public Employees Retirement System Trims Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

California Public Employees Retirement System lessened its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,821 shares of the aerospace company's stock after selling 21,805 shares during the period. California Public Employees Retirement System owned approximately 0.44% of Huntington Ingalls Industries worth $32,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HII. Yousif Capital Management LLC raised its stake in shares of Huntington Ingalls Industries by 1.6% during the 4th quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company's stock valued at $610,000 after buying an additional 52 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Huntington Ingalls Industries by 0.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 11,930 shares of the aerospace company's stock worth $2,254,000 after acquiring an additional 66 shares during the period. MML Investors Services LLC raised its position in Huntington Ingalls Industries by 0.6% during the third quarter. MML Investors Services LLC now owns 11,363 shares of the aerospace company's stock valued at $3,004,000 after acquiring an additional 71 shares in the last quarter. 1834 Investment Advisors Co. lifted its holdings in Huntington Ingalls Industries by 3.9% in the fourth quarter. 1834 Investment Advisors Co. now owns 1,932 shares of the aerospace company's stock valued at $365,000 after acquiring an additional 73 shares during the period. Finally, Sanctuary Advisors LLC boosted its position in Huntington Ingalls Industries by 1.5% in the 4th quarter. Sanctuary Advisors LLC now owns 5,060 shares of the aerospace company's stock worth $989,000 after purchasing an additional 75 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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Huntington Ingalls Industries Price Performance

Shares of HII stock traded down $1.65 on Monday, reaching $183.30. 826,301 shares of the company were exchanged, compared to its average volume of 492,763. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $287.56. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. The business has a 50-day moving average price of $187.53 and a 200 day moving average price of $205.38. The company has a market cap of $7.19 billion, a price-to-earnings ratio of 13.13, a P/E/G ratio of 1.15 and a beta of 0.34.

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

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $1.35 dividend. 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 2.95%. Huntington Ingalls Industries's payout ratio is currently 38.68%.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 750 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the transaction, the chief accounting officer now owns 2,884 shares of the company's stock, valued at approximately $546,691.04. The trade was a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Thomas C. Schievelbein bought 2,120 shares of the business's stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $164.82 per share, with a total value of $349,418.40. Following the completion of the purchase, the director now directly owns 7,967 shares in the company, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HII. Barclays cut their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. The Goldman Sachs Group cut their price objective on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating for the company in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Huntington Ingalls Industries presently has an average rating of "Hold" and an average target price of $221.22.

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.