Public Employees Retirement Association of Colorado lowered its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 0.6% during the second quarter, Holdings Channel reports. The fund owned 8,917 shares of the aerospace company’s stock after selling 53 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Huntington Ingalls Industries were worth $1,660,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Strs Ohio boosted its position in shares of Huntington Ingalls Industries by 2.5% in the second quarter. Strs Ohio now owns 113,453 shares of the aerospace company’s stock valued at $21,120,000 after buying an additional 2,813 shares during the last quarter. ING Groep NV acquired a new position in shares of Huntington Ingalls Industries during the second quarter valued at about $1,042,000. Puplava Financial Services Inc. boosted its position in shares of Huntington Ingalls Industries by 10.2% in the second quarter. Puplava Financial Services Inc. now owns 1,138 shares of the aerospace company’s stock valued at $212,000 after buying an additional 105 shares during the last quarter. APG Asset Management N.V. boosted its position in shares of Huntington Ingalls Industries by 446.2% in the second quarter. APG Asset Management N.V. now owns 14,200 shares of the aerospace company’s stock valued at $2,643,000 after buying an additional 11,600 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of Huntington Ingalls Industries by 10.9% in the second quarter. US Bancorp DE now owns 1,996 shares of the aerospace company’s stock valued at $372,000 after buying an additional 196 shares during the last quarter. Institutional investors own 85.98% of the company’s stock.

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) opened at 213.16 on Friday. Huntington Ingalls Industries, Inc. has a 12-month low of $146.52 and a 12-month high of $220.68. The stock has a 50 day moving average of $200.03 and a 200-day moving average of $200.82. The company has a market capitalization of $9.68 billion, a PE ratio of 17.42 and a beta of 1.18.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $3.21 EPS for the quarter, topping the Zacks’ 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 business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the company posted $2.32 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts predict that Huntington Ingalls Industries, Inc. will post $11.56 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Wednesday, August 23rd. Huntington Ingalls Industries’s dividend payout ratio is presently 19.61%.

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Several brokerages have issued reports on HII. Deutsche Bank AG reiterated a “buy” rating and set a $240.00 target price (up from $230.00) on shares of Huntington Ingalls Industries in a report on Wednesday. BidaskClub upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded 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 report on Monday, July 17th. Credit Suisse Group lowered their price target on shares of Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating on the stock in a report on Monday, May 15th. Finally, Cowen and Company restated a “hold” rating and issued a $210.00 price target on shares of Huntington Ingalls Industries in a report on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $205.00.

In related news, VP Christopher D. Kastner acquired 4,183 shares of the stock in a transaction dated Wednesday, May 24th. The stock was acquired at an average cost of $189.40 per share, with a total value of $792,260.20. Following the completion of the transaction, the vice president now owns 39,464 shares in the company, valued at approximately $7,474,481.60. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Jennifer R. Boykin sold 2,362 shares of the business’s 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 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 have sold 4,764 shares of company stock valued at $930,588. Corporate insiders own 2.22% of the company’s stock.

About Huntington Ingalls Industries

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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