New York State Common Retirement Fund Reduces Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

New York State Common Retirement Fund trimmed its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,093 shares of the aerospace company’s stock after selling 1,276 shares during the period. New York State Common Retirement Fund’s holdings in Huntington Ingalls Industries were worth $17,781,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC purchased a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at $42,000. True Wealth Design LLC purchased a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at $60,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at $48,000. Capital Performance Advisors LLP purchased a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at $68,000. Finally, Transamerica Financial Advisors Inc. purchased a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at $70,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, 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 price of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the transaction, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on HII. Barclays dropped 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 report on Monday, February 10th. TD Cowen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a research report on Friday, November 1st. The Goldman Sachs Group lowered their price objective 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. Alembic Global Advisors downgraded shares of 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 lowered their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of “Hold” and an average price target of $221.22.

Huntington Ingalls Industries Stock Down 4.2 %

Shares of NYSE:HII opened at $170.44 on Friday. The company has a market cap of $6.67 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 1.15 and a beta of 0.57. The firm’s 50-day simple moving average is $188.08 and its 200-day simple moving average is $222.20. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. As a group, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 38.68%.

Huntington Ingalls Industries 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.