Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky increased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 2,710.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,435 shares of the aerospace company's stock after buying an additional 85,288 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.23% of Huntington Ingalls Industries worth $23,381,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in HII. CWM LLC boosted its position in Huntington Ingalls Industries by 142.8% during the 3rd quarter. CWM LLC now owns 5,251 shares of the aerospace company's stock valued at $1,388,000 after acquiring an additional 3,088 shares in the last quarter. Old North State Wealth Management LLC lifted its stake in shares of Huntington Ingalls Industries by 60.6% during the 3rd quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company's stock worth $3,122,000 after purchasing an additional 4,450 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in shares of Huntington Ingalls Industries during the third quarter valued at about $47,698,000. Citigroup Inc. boosted its stake in Huntington Ingalls Industries by 3.6% in the third quarter. Citigroup Inc. now owns 82,752 shares of the aerospace company's stock valued at $21,878,000 after acquiring an additional 2,847 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Huntington Ingalls Industries by 193.4% during the 3rd quarter. Cerity Partners LLC now owns 10,442 shares of the aerospace company's stock valued at $2,761,000 after purchasing an additional 6,883 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HII has been the topic of several research analyst reports. Vertical Research downgraded Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $275.00 target price on the stock. in a research note on Thursday, October 10th. Wolfe Research lowered shares of Huntington Ingalls Industries from an "outperform" rating to a "peer perform" rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft dropped 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 research report on Friday, November 1st. StockNews.com cut shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group dropped their price objective on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a "sell" rating on the stock in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $228.89.

Insider Activity at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the sale, the vice president now owns 19,627 shares in the company, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is owned by company insiders.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock traded down $0.63 during midday trading on Thursday, hitting $190.89. 511,125 shares of the company were exchanged, compared to its average volume of 354,564. The business has a fifty day simple moving average of $218.90 and a two-hundred day simple moving average of $245.82. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. The firm has a market capitalization of $7.47 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 1.82 and a beta of 0.55. Huntington Ingalls Industries, Inc. has a fifty-two week low of $184.29 and a fifty-two week high of $299.50.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing analysts' consensus estimates of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period in the previous year, the business earned $3.70 EPS. Huntington Ingalls Industries's revenue for the quarter was down 2.4% compared to the same quarter last year. On average, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 14.07 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from Huntington Ingalls Industries's previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.83%. Huntington Ingalls Industries's dividend payout ratio (DPR) is 30.49%.

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.