California Public Employees Retirement System boosted its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 107,400 shares of the aerospace company’s stock after purchasing an additional 3,100 shares during the period. California Public Employees Retirement System owned 0.24% of Huntington Ingalls Industries worth $19,994,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of HII. BlackRock Inc. boosted its position in Huntington Ingalls Industries by 6,424.3% during the first quarter. BlackRock Inc. now owns 4,452,038 shares of the aerospace company’s stock valued at $891,476,000 after purchasing an additional 4,383,800 shares during the last quarter. Morgan Stanley boosted its position in Huntington Ingalls Industries by 185.7% during the first quarter. Morgan Stanley now owns 359,359 shares of the aerospace company’s stock valued at $71,958,000 after purchasing an additional 233,584 shares during the last quarter. Vanguard Group Inc. boosted its position in Huntington Ingalls Industries by 3.9% during the first quarter. Vanguard Group Inc. now owns 4,449,811 shares of the aerospace company’s stock valued at $891,031,000 after purchasing an additional 166,765 shares during the last quarter. AQR Capital Management LLC boosted its position in Huntington Ingalls Industries by 7.5% during the first quarter. AQR Capital Management LLC now owns 1,778,952 shares of the aerospace company’s stock valued at $356,217,000 after purchasing an additional 124,237 shares during the last quarter. Finally, FMR LLC boosted its position in Huntington Ingalls Industries by 4.1% during the second quarter. FMR LLC now owns 2,881,190 shares of the aerospace company’s stock valued at $536,363,000 after purchasing an additional 114,098 shares during the last quarter. 85.45% of the stock is owned by hedge funds and other institutional investors.

HII has been the subject of a number of recent analyst reports. BidaskClub raised Huntington Ingalls Industries from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 15th. Zacks Investment Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 price objective for the company in a research report on Monday, July 17th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $240.00 price objective (up from $230.00) on shares of Huntington Ingalls Industries in a research report on Wednesday, August 9th. Cowen and Company reaffirmed a “hold” rating and issued a $210.00 price objective on shares of Huntington Ingalls Industries in a research report on Tuesday, August 22nd. Finally, ValuEngine raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $205.00.

In other news, VP William R. Ermatinger sold 2,985 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $215.10, for a total value of $642,073.50. Following the transaction, the vice president now owns 32,810 shares in the company, valued at approximately $7,057,431. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Jerri F. Dickseski sold 1,552 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $193.09, for a total value of $299,675.68. Following the completion of the transaction, the vice president now owns 34,659 shares in the company, valued at approximately $6,692,306.31. The disclosure for this sale can be found here. Insiders sold a total of 7,699 shares of company stock worth $1,576,565 in the last 90 days. Company insiders own 2.22% of the company’s stock.

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) opened at 226.44 on Friday. The stock has a 50 day moving average price of $211.22 and a 200-day moving average price of $201.95. The firm has a market capitalization of $10.28 billion, a PE ratio of 18.50 and a beta of 1.18. Huntington Ingalls Industries, Inc. has a 52-week low of $146.52 and a 52-week high of $227.03.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.59. Huntington Ingalls Industries had a return on equity of 31.12% and a net margin of 7.93%. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the business earned $2.32 EPS. The company’s revenue was up 9.3% compared to the same quarter last year. Equities analysts forecast that Huntington Ingalls Industries, Inc. will post $11.54 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were paid a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.06%. Huntington Ingalls Industries’s payout ratio 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.

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

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