California State Teachers Retirement System cut its holdings in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 9.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,604 shares of the aerospace company’s stock after selling 7,852 shares during the quarter. California State Teachers Retirement System owned 0.17% of Huntington Ingalls Industries worth $17,120,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. ProVise Management Group LLC grew its stake in shares of Huntington Ingalls Industries by 1.0% during the 2nd quarter. ProVise Management Group LLC now owns 2,548 shares of the aerospace company’s stock worth $474,000 after purchasing an additional 26 shares during the period. Toronto Dominion Bank grew its stake in shares of Huntington Ingalls Industries by 6.8% during the 2nd quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock worth $105,000 after purchasing an additional 36 shares during the period. Pacer Advisors Inc. grew its stake in shares of Huntington Ingalls Industries by 7.0% during the 2nd quarter. Pacer Advisors Inc. now owns 889 shares of the aerospace company’s stock worth $165,000 after purchasing an additional 58 shares during the period. Dorsey Wright & Associates grew its stake in shares of Huntington Ingalls Industries by 1.3% during the 2nd quarter. Dorsey Wright & Associates now owns 9,786 shares of the aerospace company’s stock worth $1,822,000 after purchasing an additional 130 shares during the period. Finally, IHT Wealth Management LLC grew its stake in shares of Huntington Ingalls Industries by 1,750.0% during the 2nd quarter. IHT Wealth Management LLC now owns 148 shares of the aerospace company’s stock worth $973,000 after purchasing an additional 140 shares during the period. 83.95% of the stock is owned by institutional investors.

Shares of Huntington Ingalls Industries Inc (NYSE:HII) opened at $238.02 on Thursday. Huntington Ingalls Industries Inc has a one year low of $183.38 and a one year high of $253.44. The stock has a market cap of $10,772.18, a price-to-earnings ratio of 19.80, a P/E/G ratio of 1.31 and a beta of 1.17. The company has a quick ratio of 1.38, a current ratio of 1.52 and a debt-to-equity ratio of 0.75.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.49. Huntington Ingalls Industries had a net margin of 8.31% and a return on equity of 33.37%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the company earned $2.27 EPS. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. equities analysts expect that Huntington Ingalls Industries Inc will post 12.09 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 24th were paid a $0.72 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $2.88 dividend on an annualized basis and a yield of 1.21%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $0.60. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 21.75%.

Huntington Ingalls Industries declared that its Board of Directors has authorized a share repurchase plan on Tuesday, November 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

A number of equities research analysts have recently commented on HII shares. BidaskClub cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. ValuEngine raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Cowen reaffirmed a “hold” rating and set a $225.00 price objective on shares of Huntington Ingalls Industries in a research note on Friday, October 6th. Citigroup reaffirmed a “neutral” rating and set a $233.00 price objective (up previously from $224.00) on shares of Huntington Ingalls Industries in a research note on Monday, October 9th. Finally, Zacks Investment Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $222.57.

In related news, VP D R. Wyatt sold 800 shares of Huntington Ingalls Industries stock in a transaction on Monday, November 13th. The shares were sold at an average price of $240.33, for a total value of $192,264.00. Following the sale, the vice president now owns 19,065 shares of the company’s stock, valued at approximately $4,581,891.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Philip M. Bilden purchased 2,200 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The stock was bought at an average cost of $234.11 per share, for a total transaction of $515,042.00. The disclosure for this purchase can be found here. 2.22% of the stock is currently owned by company insiders.

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About Huntington Ingalls Industries

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.

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

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