Arizona State Retirement System Has $2.15 Million Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Arizona State Retirement System increased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,391 shares of the aerospace company’s stock after buying an additional 93 shares during the quarter. Arizona State Retirement System’s holdings in Huntington Ingalls Industries were worth $2,153,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Aigen Investment Management LP acquired a new position in Huntington Ingalls Industries during the 4th quarter worth approximately $754,000. Proficio Capital Partners LLC acquired a new position in Huntington Ingalls Industries during the 4th quarter worth approximately $11,249,000. Assetmark Inc. raised its stake in Huntington Ingalls Industries by 2,154.9% during the 4th quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company’s stock worth $1,474,000 after buying an additional 7,456 shares during the period. Victory Capital Management Inc. raised its stake in Huntington Ingalls Industries by 1.8% during the 4th quarter. Victory Capital Management Inc. now owns 30,290 shares of the aerospace company’s stock worth $5,724,000 after buying an additional 542 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Huntington Ingalls Industries by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 362,396 shares of the aerospace company’s stock worth $68,482,000 after buying an additional 6,080 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Huntington Ingalls Industries

In other news, Director Thomas C. Schievelbein acquired 2,120 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the purchase, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the transaction, the chief accounting officer now owns 2,884 shares in the company, valued at approximately $546,691.04. The trade was a 20.64 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

Huntington Ingalls Industries Stock Performance

HII stock opened at $197.34 on Tuesday. The firm has a market cap of $7.74 billion, a PE ratio of 14.14, a P/E/G ratio of 1.15 and a beta of 0.49. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average of $185.77 and a 200-day moving average of $215.33. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $294.81.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. As a group, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $1.35 dividend. The ex-dividend date is Friday, February 28th. This represents a $5.40 annualized dividend and a yield of 2.74%. Huntington Ingalls Industries’s payout ratio is 38.68%.

Analyst Ratings Changes

A number of research analysts recently weighed in on HII shares. Bank of America dropped their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 13th. The Goldman Sachs Group decreased their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a report on Monday, February 10th. Finally, Barclays decreased their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average price target of $221.22.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.