California Public Employees Retirement System Has $32.66 Million Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

California Public Employees Retirement System decreased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 11.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 172,821 shares of the aerospace company’s stock after selling 21,805 shares during the quarter. California Public Employees Retirement System owned 0.44% of Huntington Ingalls Industries worth $32,658,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Generali Asset Management SPA SGR bought a new position in Huntington Ingalls Industries during the fourth quarter worth about $2,056,000. Assetmark Inc. lifted its position in shares of Huntington Ingalls Industries by 2,154.9% during the 4th quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company’s stock worth $1,474,000 after buying an additional 7,456 shares during the period. Northcape Wealth Management LLC bought a new stake in Huntington Ingalls Industries in the fourth quarter valued at $3,642,000. Stifel Financial Corp raised its stake in Huntington Ingalls Industries by 36.6% during the third quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company’s stock worth $6,181,000 after acquiring an additional 6,253 shares in the last quarter. Finally, O Keefe Stevens Advisory Inc. lifted its holdings in shares of Huntington Ingalls Industries by 63.0% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company’s stock valued at $655,000 after acquiring an additional 1,339 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Barclays lowered 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 report on Monday, February 10th. The Goldman Sachs Group dropped their price objective on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Huntington Ingalls Industries has a consensus rating of “Hold” and a consensus price target of $221.22.

Huntington Ingalls Industries Stock Performance

HII stock opened at $205.12 on Thursday. The stock has a market capitalization of $8.05 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 1.15 and a beta of 0.49. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. The company has a 50 day moving average price of $188.38 and a 200 day moving average price of $207.45. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $289.26.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) 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%. Analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 38.68%.

Insider Activity at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction 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 transaction, the chief accounting officer now owns 2,884 shares of the company’s stock, valued at $546,691.04. This represents a 20.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas C. Schievelbein acquired 2,120 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average cost of $164.82 per share, with a total value of $349,418.40. Following the completion of 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 ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by company insiders.

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.