Teacher Retirement System of Texas Increases Stake in Huntington Ingalls Industries Inc (NYSE:HII)

Teacher Retirement System of Texas increased its holdings in Huntington Ingalls Industries Inc (NYSE:HII) by 48.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 170,335 shares of the aerospace company’s stock after purchasing an additional 55,800 shares during the period. Teacher Retirement System of Texas owned approximately 0.41% of Huntington Ingalls Industries worth $38,281,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Front Row Advisors LLC boosted its position in Huntington Ingalls Industries by 610.5% during the 1st quarter. Front Row Advisors LLC now owns 135 shares of the aerospace company’s stock valued at $28,000 after buying an additional 116 shares during the period. Zions Bancorporation N.A. boosted its position in Huntington Ingalls Industries by 1,260.0% during the 2nd quarter. Zions Bancorporation N.A. now owns 136 shares of the aerospace company’s stock valued at $31,000 after buying an additional 126 shares during the period. Howe & Rusling Inc. boosted its position in Huntington Ingalls Industries by 433.3% during the 1st quarter. Howe & Rusling Inc. now owns 160 shares of the aerospace company’s stock valued at $33,000 after buying an additional 130 shares during the period. Meridian Wealth Management LLC purchased a new stake in Huntington Ingalls Industries during the 1st quarter valued at $39,000. Finally, NEXT Financial Group Inc boosted its position in Huntington Ingalls Industries by 52.3% during the 2nd quarter. NEXT Financial Group Inc now owns 492 shares of the aerospace company’s stock valued at $111,000 after buying an additional 169 shares during the period. 87.66% of the stock is owned by institutional investors.

Shares of NYSE:HII traded up $2.61 on Wednesday, hitting $210.12. The company had a trading volume of 4,611 shares, compared to its average volume of 362,165. The firm’s 50-day simple moving average is $221.87 and its two-hundred day simple moving average is $214.72. Huntington Ingalls Industries Inc has a 1 year low of $173.80 and a 1 year high of $262.32. The company has a quick ratio of 1.05, a current ratio of 1.12 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $8.59 billion, a price-to-earnings ratio of 11.03 and a beta of 1.18.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, August 1st. The aerospace company reported $3.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.56 by ($0.49). The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.13 billion. Huntington Ingalls Industries had a return on equity of 42.07% and a net margin of 8.04%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.40 earnings per share. Equities research analysts anticipate that Huntington Ingalls Industries Inc will post 13.96 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a $0.86 dividend. The ex-dividend date is Thursday, August 29th. This represents a $3.44 annualized dividend and a dividend yield of 1.64%. Huntington Ingalls Industries’s payout ratio is 18.02%.

Several brokerages have weighed in on HII. Zacks Investment Research raised shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a research report on Monday, August 5th. ValuEngine raised shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Bank of America dropped their target price on shares of Huntington Ingalls Industries from $305.00 to $275.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Finally, Buckingham Research dropped their target price on shares of Huntington Ingalls Industries from $295.00 to $265.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average price target of $241.91.

In related news, VP Nicolas G. Schuck sold 500 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $204.46, for a total value of $102,230.00. Following the completion of the transaction, the vice president now directly owns 2,640 shares in the company, valued at approximately $539,774.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jerri F. Dickseski sold 1,874 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $228.68, for a total transaction of $428,546.32. Following the completion of the transaction, the vice president now owns 34,033 shares of the company’s stock, valued at $7,782,666.44. The disclosure for this sale can be found here. 2.65% of the stock is owned by company insiders.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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