Employees Retirement System of Texas cut its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 7.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,700 shares of the aerospace company’s stock after selling 6,000 shares during the quarter. Employees Retirement System of Texas owned about 0.16% of Huntington Ingalls Industries worth $13,348,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HII. BlackRock Inc. increased its stake 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 worth $891,476,000 after acquiring an additional 4,383,800 shares during the last quarter. Morgan Stanley increased its stake in Huntington Ingalls Industries by 185.7% during the first quarter. Morgan Stanley now owns 359,359 shares of the aerospace company’s stock worth $71,958,000 after acquiring an additional 233,584 shares during the last quarter. Vanguard Group Inc. increased its stake 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 worth $891,031,000 after acquiring an additional 166,765 shares during the last quarter. AQR Capital Management LLC increased its stake 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 worth $356,217,000 after acquiring an additional 124,237 shares during the last quarter. Finally, FMR LLC increased its stake 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 worth $536,363,000 after acquiring an additional 114,098 shares during the last quarter. Institutional investors own 85.45% of the company’s stock.

In other news, VP Jennifer R. Boykin sold 2,362 shares of Huntington Ingalls Industries stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $196.00, for a total value of $462,952.00. Following the transaction, the vice president now directly owns 6,425 shares in the company, valued at $1,259,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William R. Ermatinger sold 2,985 shares of Huntington Ingalls Industries stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $215.10, for a total value of $642,073.50. Following the completion of the transaction, the vice president now owns 32,810 shares in the company, valued at $7,057,431. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,699 shares of company stock worth $1,576,565. Corporate insiders own 2.22% of the company’s stock.

Huntington Ingalls Industries, Inc. (HII) traded up 1.52% during midday trading on Friday, hitting $226.44. The stock had a trading volume of 274,453 shares. The company’s 50-day moving average price is $211.22 and its 200 day moving average price is $201.95. Huntington Ingalls Industries, Inc. has a 12-month low of $146.52 and a 12-month high of $227.03. The stock has a market cap of $10.28 billion, a P/E ratio of 18.50 and a beta of 1.18.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period last year, the company earned $2.32 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts predict that Huntington Ingalls Industries, Inc. will post $11.54 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were issued a dividend of $0.60 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $2.40 annualized dividend and a yield of 1.06%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 19.61%.

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Several brokerages have commented on HII. ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Cowen and Company restated a “hold” rating and set a $210.00 price target on shares of Huntington Ingalls Industries in a research note on Tuesday, August 22nd. Deutsche Bank AG restated a “buy” rating and set a $240.00 price target (up from $230.00) on shares of Huntington Ingalls Industries in a research note on Wednesday, August 9th. Finally, Zacks Investment Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 price target for the company in a research note on Monday, July 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Huntington Ingalls Industries has a consensus rating of “Hold” and an average price target of $205.00.

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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