Huntington Ingalls Industries, Inc. $HII Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System grew its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 27,982.9% in the second quarter, Holdings Channel reports. The institutional investor owned 12,808,326 shares of the aerospace company’s stock after acquiring an additional 12,762,717 shares during the quarter. California State Teachers Retirement System owned 0.33% of Huntington Ingalls Industries worth $3,584,922,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Chase Investment Counsel Corp acquired a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at about $4,634,000. Rothschild Investment LLC lifted its stake in Huntington Ingalls Industries by 478.1% in the 4th quarter. Rothschild Investment LLC now owns 5,295 shares of the aerospace company’s stock valued at $1,801,000 after buying an additional 4,379 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Huntington Ingalls Industries by 71.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 365,760 shares of the aerospace company’s stock worth $124,384,000 after buying an additional 152,624 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Huntington Ingalls Industries by 38,526.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock worth $675,572,000 after buying an additional 1,981,424 shares in the last quarter. Finally, Martingale Asset Management L P raised its holdings in shares of Huntington Ingalls Industries by 29.5% during the fourth quarter. Martingale Asset Management L P now owns 45,782 shares of the aerospace company’s stock valued at $15,569,000 after acquiring an additional 10,419 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Christopher Kastner sold 13,070 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $324.92, for a total transaction of $4,246,704.40. Following the sale, the chief executive officer owned 11,224 shares of the company’s stock, valued at approximately $3,646,902.08. This represents a 53.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.80% of the company’s stock.

Huntington Ingalls Industries Trading Up 0.4%

Shares of NYSE HII opened at $281.94 on Friday. Huntington Ingalls Industries, Inc. has a twelve month low of $263.62 and a twelve month high of $460.00. The company has a current ratio of 1.23, a quick ratio of 1.14 and a debt-to-equity ratio of 0.51. The stock has a fifty day simple moving average of $297.61 and a 200-day simple moving average of $336.15. The stock has a market capitalization of $11.11 billion, a PE ratio of 16.80, a PEG ratio of 1.06 and a beta of 0.23.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, July 30th. The aerospace company reported $5.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.48. Huntington Ingalls Industries had a return on equity of 12.89% and a net margin of 5.01%.The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the previous year, the business earned $3.86 EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 18.47 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be paid a dividend of $1.38 per share. The ex-dividend date is Friday, August 28th. This represents a $5.52 dividend on an annualized basis and a yield of 2.0%. Huntington Ingalls Industries’s dividend payout ratio is 32.90%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HII shares. Sanford C. Bernstein set a $341.00 price target on Huntington Ingalls Industries in a research note on Tuesday, August 25th. Wells Fargo & Company raised their price objective on Huntington Ingalls Industries from $325.00 to $340.00 and gave the company an “equal weight” rating in a report on Tuesday, August 4th. Weiss Ratings raised shares of Huntington Ingalls Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 31st. Citigroup upped their target price on shares of Huntington Ingalls Industries from $349.00 to $379.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Wolfe Research upgraded shares of Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 target price for the company in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Huntington Ingalls Industries currently has a consensus rating of “Moderate Buy” and an average price target of $368.88.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc (NYSE:HII) is a U.S. defense company focused on designing, building, modernizing and maintaining military ships and providing technology services to government customers. It is the largest military shipbuilding company in the United States and one of the few companies capable of designing and constructing nuclear-powered aircraft carriers and submarines.

HII operates through three primary businesses: Newport News Shipbuilding, Ingalls Shipbuilding and Mission Technologies.