Teachers Retirement System of The State of Kentucky Cuts Holdings in 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% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 0.19% of Huntington Ingalls Industries worth $13,972,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in shares of Huntington Ingalls Industries by 503.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock worth $30,000 after acquiring an additional 131 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new position in Huntington Ingalls Industries in the fourth quarter valued at $48,000. Bruce G. Allen Investments LLC grew its stake in Huntington Ingalls Industries by 43.4% during the 4th quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company's stock worth $53,000 after purchasing an additional 85 shares in the last quarter. Canada Post Corp Registered Pension Plan purchased a new stake in Huntington Ingalls Industries during the 4th quarter worth about $70,000. Finally, SRS Capital Advisors Inc. raised its position in Huntington Ingalls Industries by 156.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock valued at $91,000 after purchasing an additional 294 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Barclays cut 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 note on Monday, February 10th. The Goldman Sachs Group upgraded shares of Huntington Ingalls Industries from a "sell" rating to a "buy" rating and raised their price objective for the company from $145.00 to $234.00 in a report on Friday, April 11th. 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 data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $231.11.

Huntington Ingalls Industries Stock Up 1.8 %

NYSE:HII traded up $3.87 during midday trading on Thursday, hitting $221.80. 822,318 shares of the company were exchanged, compared to its average volume of 517,977. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $285.81. The company has a market capitalization of $8.70 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.15 and a beta of 0.34. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The company has a fifty day simple moving average of $197.08 and a 200 day simple moving average of $201.29.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its 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, equities analysts anticipate 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 paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries's dividend payout ratio is currently 38.68%.

Insider Transactions at Huntington Ingalls Industries

In related news, Director Thomas C. Schievelbein bought 2,120 shares of the stock in a transaction on Thursday, February 13th. The shares were bought at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the purchase, the director now owns 7,967 shares of the company's stock, valued at $1,313,120.94. This trade represents a 36.26 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Nicolas G. Schuck sold 750 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the sale, the chief accounting officer now owns 2,884 shares of the company's stock, valued at $546,691.04. This trade represents a 20.64 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.72% of the company's stock.

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.