Teacher Retirement System of Texas Has $23.73 Million Holdings in Huntington Ingalls Industries Inc (HII)

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Teacher Retirement System of Texas raised its position in Huntington Ingalls Industries Inc (NYSE:HII) by 97.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 114,535 shares of the aerospace company’s stock after purchasing an additional 56,542 shares during the period. Teacher Retirement System of Texas’ holdings in Huntington Ingalls Industries were worth $23,732,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Athena Capital Advisors LLC purchased a new stake in Huntington Ingalls Industries in the 4th quarter valued at about $28,000. CSat Investment Advisory L.P. increased its stake in Huntington Ingalls Industries by 89.9% in the 4th quarter. CSat Investment Advisory L.P. now owns 150 shares of the aerospace company’s stock valued at $29,000 after buying an additional 71 shares during the last quarter. Howe & Rusling Inc. increased its stake in Huntington Ingalls Industries by 433.3% in the 1st quarter. Howe & Rusling Inc. now owns 160 shares of the aerospace company’s stock valued at $33,000 after buying an additional 130 shares during the last quarter. Cypress Capital Management LLC WY purchased a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $42,000. Finally, Dubuque Bank & Trust Co. increased its stake in shares of Huntington Ingalls Industries by 56.4% during the 1st quarter. Dubuque Bank & Trust Co. now owns 208 shares of the aerospace company’s stock worth $43,000 after purchasing an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Zacks Investment Research lowered shares of Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. Finally, Barclays lowered shares of Huntington Ingalls Industries from an “overweight” rating to an “underweight” rating and decreased their price target for the stock from $245.00 to $215.00 in a research note on Wednesday, January 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Huntington Ingalls Industries has an average rating of “Hold” and a consensus target price of $251.69.

In related news, VP D R. Wyatt sold 1,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $220.72, for a total value of $242,792.00. Following the completion of the transaction, the vice president now directly owns 19,070 shares of the company’s stock, valued at approximately $4,209,130.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Jennifer R. Boykin sold 2,647 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $199.66, for a total transaction of $528,500.02. Following the completion of the transaction, the vice president now directly owns 4,660 shares of the company’s stock, valued at $930,415.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,451 shares of company stock valued at $2,602,287. 2.65% of the stock is owned by insiders.

Shares of HII stock opened at $203.91 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.07. Huntington Ingalls Industries Inc has a 12-month low of $173.80 and a 12-month high of $262.32. The company has a market cap of $8.53 billion, a PE ratio of 10.68 and a beta of 1.15.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $2.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.27 by ($0.42). The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Huntington Ingalls Industries had a return on equity of 48.34% and a net margin of 9.52%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.48 EPS. Equities analysts forecast that Huntington Ingalls Industries Inc will post 14.67 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 24th will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.69%. The ex-dividend date is Thursday, May 23rd. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 18.02%.

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Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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

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