California Public Employees Retirement System Increases Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

California Public Employees Retirement System boosted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 0.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 223,473 shares of the aerospace company’s stock after purchasing an additional 1,456 shares during the quarter. California Public Employees Retirement System owned about 0.56% of Huntington Ingalls Industries worth $58,023,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HII. Capital Investment Counsel Inc lifted its stake in Huntington Ingalls Industries by 0.5% during the 3rd quarter. Capital Investment Counsel Inc now owns 8,274 shares of the aerospace company’s stock valued at $1,693,000 after acquiring an additional 44 shares during the period. Wills Financial Group Inc. lifted its stake in Huntington Ingalls Industries by 4.6% during the 3rd quarter. Wills Financial Group Inc. now owns 1,135 shares of the aerospace company’s stock valued at $232,000 after acquiring an additional 50 shares during the period. Headlands Technologies LLC lifted its stake in Huntington Ingalls Industries by 30.1% during the 3rd quarter. Headlands Technologies LLC now owns 225 shares of the aerospace company’s stock valued at $46,000 after acquiring an additional 52 shares during the period. Covestor Ltd lifted its stake in Huntington Ingalls Industries by 10.2% during the 3rd quarter. Covestor Ltd now owns 639 shares of the aerospace company’s stock valued at $131,000 after acquiring an additional 59 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in Huntington Ingalls Industries by 33.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 238 shares of the aerospace company’s stock valued at $49,000 after acquiring an additional 60 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII opened at $275.98 on Friday. Huntington Ingalls Industries, Inc. has a twelve month low of $188.51 and a twelve month high of $299.50. The stock has a market capitalization of $10.93 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 2.60 and a beta of 0.60. The firm’s 50 day moving average price is $285.61 and its 200-day moving average price is $259.39. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 0.54.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, February 1st. The aerospace company reported $6.90 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $2.63. Huntington Ingalls Industries had a net margin of 5.95% and a return on equity of 18.12%. The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter last year, the business earned $3.07 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. Equities research analysts expect that Huntington Ingalls Industries, Inc. will post 16.36 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Thursday, February 22nd. Huntington Ingalls Industries’s payout ratio is 30.41%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Barclays upped their target price on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. JPMorgan Chase & Co. increased their price objective on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 1,293 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $291.28, for a total transaction of $376,625.04. Following the completion of the sale, the chief accounting officer now directly owns 2,250 shares of the company’s stock, valued at approximately $655,380. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP Edgar A. Green III sold 3,603 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $290.75, for a total value of $1,047,572.25. Following the completion of the transaction, the vice president now directly owns 7,461 shares of the company’s stock, valued at $2,169,285.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Nicolas G. Schuck sold 1,293 shares of Huntington Ingalls Industries stock in a transaction on Friday, March 1st. The stock was sold at an average price of $291.28, for a total transaction of $376,625.04. Following the transaction, the chief accounting officer now directly owns 2,250 shares of the company’s stock, valued at $655,380. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,472 shares of company stock worth $2,398,345. Company 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.