State of Tennessee Treasury Department Maintains Position in Huntington Ingalls Industries, Inc. (HII)

State of Tennessee Treasury Department maintained its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,037 shares of the aerospace company’s stock at the close of the 2nd quarter. State of Tennessee Treasury Department owned 0.10% of Huntington Ingalls Industries worth $8,198,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in shares of Huntington Ingalls Industries by 25.0% in the first quarter. Tower Research Capital LLC TRC now owns 500 shares of the aerospace company’s stock valued at $100,000 after buying an additional 100 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Huntington Ingalls Industries by 30.6% during the first quarter. Toronto Dominion Bank now owns 529 shares of the aerospace company’s stock worth $106,000 after buying an additional 124 shares during the last quarter. Israel Discount Bank of New York acquired a new stake in Huntington Ingalls Industries during the 1st quarter worth $115,000. Global X Management Co. LLC bought a new position in shares of Huntington Ingalls Industries in the 2nd quarter worth $125,000. Finally, Van ECK Associates Corp lifted its stake in Huntington Ingalls Industries by 6.3% in the first quarter. Van ECK Associates Corp now owns 673 shares of the aerospace company’s stock valued at $135,000 after buying an additional 40 shares during the period. 85.45% of the stock is owned by institutional investors.

Shares of Huntington Ingalls Industries, Inc. (HII) opened at 220.37 on Friday. Huntington Ingalls Industries, Inc. has a 52 week low of $146.52 and a 52 week high of $221.52. The firm has a 50-day moving average price of $211.22 and a 200 day moving average price of $201.95. The stock has a market cap of $10.01 billion, a price-to-earnings ratio of 18.00 and a beta of 1.18.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.59. Huntington Ingalls Industries had a return on equity of 31.12% and a net margin of 7.93%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the business posted $2.32 earnings per share. Huntington Ingalls Industries’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, analysts forecast that Huntington Ingalls Industries, Inc. will post $11.54 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were issued a $0.60 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $2.40 annualized dividend and a dividend yield of 1.09%. Huntington Ingalls Industries’s dividend payout ratio is presently 19.61%.

In other news, VP Jerri F. Dickseski sold 1,552 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $193.09, for a total transaction of $299,675.68. Following the completion of the transaction, the vice president now directly owns 34,659 shares in the company, valued at $6,692,306.31. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP William R. Ermatinger sold 2,985 shares of Huntington Ingalls Industries stock in a transaction on Monday, August 14th. The shares were sold at an average price of $215.10, for a total value of $642,073.50. Following the completion of the transaction, the vice president now owns 32,810 shares of the company’s stock, valued at $7,057,431. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,699 shares of company stock valued at $1,576,565. 2.22% of the stock is owned by insiders.

Several equities research analysts have commented on HII shares. BidaskClub raised shares of Huntington Ingalls Industries from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 15th. ValuEngine upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Deutsche Bank AG reiterated a “buy” rating and issued a $240.00 price objective (up previously from $230.00) on shares of Huntington Ingalls Industries in a research note on Wednesday, August 9th. Cowen and Company reaffirmed a “hold” rating and issued a $210.00 price objective on shares of Huntington Ingalls Industries in a report on Tuesday, August 22nd. Finally, Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 price target on the stock in a research note on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $205.00.

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Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.

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

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