Louisiana State Employees Retirement System lowered its position in Huntington Ingalls Industries Inc (NYSE:HII) by 5.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,500 shares of the aerospace company’s stock after selling 600 shares during the period. Louisiana State Employees Retirement System’s holdings in Huntington Ingalls Industries were worth $2,711,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of HII. Koch Industries Inc. lifted its position in shares of Huntington Ingalls Industries by 30,333.4% in the 2nd quarter. Koch Industries Inc. now owns 357,288 shares of the aerospace company’s stock worth $355,000 after purchasing an additional 356,114 shares during the period. Janus Henderson Group PLC lifted its position in shares of Huntington Ingalls Industries by 9,035.5% in the 2nd quarter. Janus Henderson Group PLC now owns 321,934 shares of the aerospace company’s stock worth $59,931,000 after purchasing an additional 318,410 shares during the period. Discovery Capital Management LLC CT lifted its position in shares of Huntington Ingalls Industries by 82.4% in the 2nd quarter. Discovery Capital Management LLC CT now owns 576,347 shares of the aerospace company’s stock worth $107,293,000 after purchasing an additional 260,408 shares during the period. BlackRock Inc. lifted its position in shares of Huntington Ingalls Industries by 2.7% in the 2nd quarter. BlackRock Inc. now owns 4,572,209 shares of the aerospace company’s stock worth $851,165,000 after purchasing an additional 120,171 shares during the period. Finally, FMR LLC lifted its position in shares of Huntington Ingalls Industries by 4.1% in the 2nd quarter. FMR LLC now owns 2,881,190 shares of the aerospace company’s stock worth $536,363,000 after purchasing an additional 114,098 shares during the period. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Huntington Ingalls Industries Inc (NYSE:HII) opened at $235.15 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.38 and a current ratio of 1.52. Huntington Ingalls Industries Inc has a 1 year low of $183.42 and a 1 year high of $253.44. The stock has a market cap of $11,198.99, a price-to-earnings ratio of 17.76, a P/E/G ratio of 1.33 and a beta of 1.18.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the company earned $2.27 EPS. Huntington Ingalls Industries’s quarterly revenue was up 10.7% compared to the same quarter last year. research analysts expect that Huntington Ingalls Industries Inc will post 12.09 earnings per share for the current fiscal year.

Huntington Ingalls Industries declared that its board has authorized a stock buyback program on Tuesday, November 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 800 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $240.33, for a total transaction of $192,264.00. Following the transaction, the vice president now owns 19,065 shares in the company, valued at $4,581,891.45. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Philip M. Bilden acquired 2,200 shares of the stock in a transaction on Friday, November 24th. The shares were acquired at an average price 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 owned by insiders.

A number of research analysts have recently issued reports on HII shares. Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $266.00 price target on the stock in a research report on Thursday, January 11th. ValuEngine upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Cowen restated a “hold” rating and issued a $225.00 price target on shares of Huntington Ingalls Industries in a research report on Friday, October 6th. Citigroup restated a “neutral” rating and issued a $233.00 price target (up previously from $224.00) on shares of Huntington Ingalls Industries in a research report on Monday, October 9th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $241.00 price target (up previously from $211.00) on shares of Huntington Ingalls Industries in a research report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $220.29.

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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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