Louisiana State Employees Retirement System Buys New Position in Huntington Ingalls Industries, Inc. $HII

Louisiana State Employees Retirement System purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,000 shares of the aerospace company’s stock, valued at approximately $760,000.

A number of other hedge funds have also recently modified their holdings of HII. Kestra Private Wealth Services LLC lifted its position in Huntington Ingalls Industries by 8.3% during the first quarter. Kestra Private Wealth Services LLC now owns 1,609 shares of the aerospace company’s stock valued at $611,000 after purchasing an additional 123 shares in the last quarter. Ritholtz Wealth Management grew its holdings in Huntington Ingalls Industries by 36.5% during the first quarter. Ritholtz Wealth Management now owns 4,547 shares of the aerospace company’s stock valued at $1,727,000 after purchasing an additional 1,215 shares during the period. Friedenthal Financial purchased a new stake in Huntington Ingalls Industries in the 1st quarter worth approximately $986,000. Apella Capital LLC purchased a new stake in Huntington Ingalls Industries in the 1st quarter worth approximately $287,000. Finally, Faithward Advisors LLC lifted its holdings in Huntington Ingalls Industries by 0.4% during the first quarter. Faithward Advisors LLC now owns 15,828 shares of the aerospace company’s stock valued at $6,013,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Insider Activity at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the completion of the sale, the vice president owned 8,391 shares in the company, valued at $2,681,595.78. This trade represents a 29.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on HII. 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 initiated coverage on Huntington Ingalls Industries in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 target price on the stock. 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 note on Thursday, May 14th. Citigroup cut their price target on Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Finally, Weiss Ratings downgraded Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $381.50.

Huntington Ingalls Industries Trading Down 1.4%

Shares of NYSE:HII traded down $4.13 during trading on Tuesday, reaching $289.97. The company’s stock had a trading volume of 10,295 shares, compared to its average volume of 544,191. The stock has a market capitalization of $11.42 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 1.23 and a beta of 0.25. Huntington Ingalls Industries, Inc. has a 12 month low of $246.34 and a 12 month high of $460.00. 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 firm’s 50 day simple moving average is $309.03 and its two-hundred day simple moving average is $367.91.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.09. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.79 earnings per share. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 17.32 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 35.91%.

Huntington Ingalls Industries 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.