Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 8,320 shares of the aerospace company’s stock after selling 217 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Huntington Ingalls Industries were worth $1,572,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its position in shares of Huntington Ingalls Industries by 5.6% during the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock worth $930,383,000 after purchasing an additional 187,411 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Huntington Ingalls Industries by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,018,812 shares of the aerospace company’s stock valued at $268,520,000 after acquiring an additional 5,036 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its position in shares of Huntington Ingalls Industries by 7.6% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 453,178 shares of the aerospace company’s stock valued at $85,637,000 after acquiring an additional 31,934 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of Huntington Ingalls Industries by 132.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company’s stock worth $79,387,000 after acquiring an additional 239,688 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Huntington Ingalls Industries by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 362,396 shares of the aerospace company’s stock worth $68,482,000 after purchasing an additional 6,080 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 750 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value of $142,170.00. Following the transaction, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. This represents a 20.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas C. Schievelbein bought 2,120 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average price of $164.82 per share, with a total value of $349,418.40. Following the acquisition, the director now directly owns 7,967 shares in the company, valued at $1,313,120.94. The trade was a 36.26 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is owned by insiders.

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $206.59 on Wednesday. The company’s 50-day moving average is $188.29 and its two-hundred day moving average is $209.49. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $294.24. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 1.15 and a beta of 0.49.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. Analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio is presently 38.68%.

Analyst Ratings Changes

A number of research analysts have weighed in on HII shares. The Goldman Sachs Group lowered their target price on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research note on Monday, February 10th. Barclays lowered their price target on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $221.22.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.