Louisiana State Employees Retirement System Purchases Shares of 2,000 Huntington Ingalls Industries, Inc. $HII

Louisiana State Employees Retirement System acquired a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) during the 1st quarter, HoldingsChannel reports. The fund acquired 2,000 shares of the aerospace company’s stock, valued at approximately $760,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NBC Securities Inc. grew its position in shares of Huntington Ingalls Industries by 87.2% during the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 41 shares during the period. CYBER HORNET ETFs LLC acquired a new position in Huntington Ingalls Industries in the 2nd quarter valued at $25,000. Rakuten Securities Inc. boosted its stake in Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 63 shares during the last quarter. Motiv8 Investments LLC acquired a new stake in Huntington Ingalls Industries during the 4th quarter worth $38,000. Finally, Community Bank N.A. purchased a new stake in shares of Huntington Ingalls Industries during the third quarter worth $35,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP Edmond E. Jr. Hughes sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $319.58, for a total value of $1,118,530.00. Following the sale, the vice president directly owned 8,391 shares of the company’s stock, valued at approximately $2,681,595.78. The trade was a 29.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.80% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Trading Down 1.4%

HII stock traded down $4.13 during midday trading on Tuesday, hitting $289.97. 10,295 shares of the company’s stock were exchanged, compared to its average volume of 544,191. The business has a 50-day simple moving average of $309.03 and a two-hundred day simple moving average of $367.91. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $11.42 billion, a PE ratio of 18.86, a P/E/G ratio of 1.23 and a beta of 0.25. Huntington Ingalls Industries, Inc. has a 1-year low of $246.34 and a 1-year high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, beating the consensus estimate of $3.70 by $0.09. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.79 EPS. On average, sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 17.32 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were given a dividend of $1.38 per share. The ex-dividend date was Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 35.91%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HII. Citigroup reduced their target price on shares of Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Weiss Ratings cut shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Wells Fargo & Company started coverage on shares of Huntington Ingalls Industries in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 target price on the stock. Finally, TD Cowen dropped their price target on Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $381.50.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.