TIAA CREF Investment Management LLC Has $75.32 Million Position in Huntington Ingalls Industries, Inc. (HII)

TIAA CREF Investment Management LLC decreased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 18.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 404,598 shares of the aerospace company’s stock after selling 91,044 shares during the period. TIAA CREF Investment Management LLC owned about 0.89% of Huntington Ingalls Industries worth $75,320,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HII. Tower Research Capital LLC TRC increased its stake in Huntington Ingalls Industries by 25.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 500 shares of the aerospace company’s stock worth $100,000 after buying an additional 100 shares during the period. Toronto Dominion Bank increased its stake in Huntington Ingalls Industries by 30.6% during the 1st 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 period. Israel Discount Bank of New York purchased a new stake in Huntington Ingalls Industries during the 1st quarter worth $115,000. Global X Management Co. LLC purchased a new stake in Huntington Ingalls Industries during the 2nd quarter worth $125,000. Finally, Van ECK Associates Corp increased its stake in Huntington Ingalls Industries by 6.3% during the 1st quarter. Van ECK Associates Corp now owns 673 shares of the aerospace company’s stock worth $135,000 after buying an additional 40 shares during the period. 85.46% of the stock is currently owned by hedge funds and other institutional investors.

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 800 shares of the stock in a transaction on Friday, August 11th. The shares were sold at an average price of $214.83, for a total value of $171,864.00. Following the completion of the sale, the vice president now directly owns 19,865 shares of the company’s stock, valued at approximately $4,267,597.95. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Jennifer R. Boykin sold 2,362 shares of the stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $196.00, for a total transaction of $462,952.00. Following the completion of the sale, the vice president now directly owns 6,425 shares of the company’s stock, valued at $1,259,300. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,699 shares of company stock valued at $1,576,565. Insiders own 2.22% of the company’s stock.

HII has been the topic of several analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and set a $240.00 price target (up previously from $230.00) on shares of Huntington Ingalls Industries in a research note on Wednesday, August 9th. BidaskClub raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised 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. ValuEngine raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Cowen and Company reaffirmed a “hold” rating and set a $210.00 price target on shares of Huntington Ingalls Industries in a research note on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average target price of $205.00.

Shares of Huntington Ingalls Industries, Inc. (HII) opened at 212.41 on Friday. The company has a market cap of $9.64 billion, a P/E ratio of 17.35 and a beta of 1.18. The stock has a 50 day moving average of $210.62 and a 200 day moving average of $202.23. Huntington Ingalls Industries, Inc. has a 52-week low of $146.52 and a 52-week high of $220.68.

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

The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Wednesday, August 23rd. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 19.61%.

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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.

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

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