Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 9.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 41,131 shares of the aerospace company's stock after selling 4,325 shares during the period. New York State Teachers Retirement System owned approximately 0.11% of Huntington Ingalls Industries worth $7,773,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new position in shares of Huntington Ingalls Industries during the third quarter worth $102,000. Creative Planning lifted its stake in Huntington Ingalls Industries by 3.1% during the 3rd quarter. Creative Planning now owns 6,099 shares of the aerospace company's stock worth $1,612,000 after acquiring an additional 181 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Huntington Ingalls Industries by 1.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,660 shares of the aerospace company's stock valued at $968,000 after acquiring an additional 70 shares during the period. Blue Trust Inc. boosted its holdings in Huntington Ingalls Industries by 18.0% during the 3rd quarter. Blue Trust Inc. now owns 2,700 shares of the aerospace company's stock valued at $665,000 after acquiring an additional 412 shares during the period. Finally, Raymond James & Associates grew its position in Huntington Ingalls Industries by 10.9% in the 3rd quarter. Raymond James & Associates now owns 57,083 shares of the aerospace company's stock valued at $15,092,000 after acquiring an additional 5,631 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Insiders Place Their Bets

In other news, Director Thomas C. Schievelbein acquired 2,120 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $164.82 per share, with a total value of $349,418.40. Following the completion of the acquisition, the director now owns 7,967 shares of the company's stock, valued at $1,313,120.94. The trade was a 36.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HII. The Goldman Sachs Group reduced their price target on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating on the stock in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating on the stock in a report on Friday, November 1st. StockNews.com downgraded shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research note on Friday, November 1st. Alembic Global Advisors lowered Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and set a $210.00 price objective on the stock. in a research report on Friday, November 1st. Finally, Bank of America decreased their target price on Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating for the company in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $221.22.

Huntington Ingalls Industries Stock Down 4.2 %

Shares of HII stock traded down $7.45 on Friday, reaching $170.44. 830,146 shares of the stock were exchanged, compared to its average volume of 659,365. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 1.12 and a beta of 0.57. The business's 50 day moving average price is $188.51 and its 200 day moving average price is $223.04. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $299.50.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (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%. As a group, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 annualized dividend and a yield of 3.17%. Huntington Ingalls Industries's dividend payout ratio is currently 38.68%.

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.