Maryland State Retirement & Pension System Sells 433 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Maryland State Retirement & Pension System lowered its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 19.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,823 shares of the aerospace company’s stock after selling 433 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Huntington Ingalls Industries were worth $372,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas bought a new position in shares of Huntington Ingalls Industries in the first quarter worth about $1,324,000. GAMMA Investing LLC raised its stake in Huntington Ingalls Industries by 269.0% during the 1st quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company’s stock valued at $492,000 after purchasing an additional 1,759 shares during the period. Eisler Capital Management Ltd. bought a new stake in Huntington Ingalls Industries during the 4th quarter valued at approximately $5,679,000. Sowell Financial Services LLC bought a new stake in Huntington Ingalls Industries during the 1st quarter valued at approximately $247,000. Finally, Ninety One UK Ltd bought a new stake in Huntington Ingalls Industries during the 1st quarter valued at approximately $14,924,000. Institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wall Street Zen raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. TD Cowen raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and lifted their target price for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. Barclays lifted their target price on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, August 4th. Alembic Global Advisors raised Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 target price on the stock in a research note on Thursday, May 15th. Finally, The Goldman Sachs Group lifted their target price on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus target price of $267.00.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $266.04 on Friday. The stock has a market capitalization of $10.44 billion, a PE ratio of 19.91, a P/E/G ratio of 1.57 and a beta of 0.33. The business has a 50 day simple moving average of $251.49 and a two-hundred day simple moving average of $220.66. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $293.14.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.63. The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $4.38 EPS. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a $1.35 dividend. The ex-dividend date is Friday, August 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.0%. Huntington Ingalls Industries’s payout ratio is 40.42%.

Insider Activity at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 1,965 shares of Huntington Ingalls Industries stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total value of $449,867.10. Following the completion of the transaction, the vice president owned 21,228 shares in the company, valued at approximately $4,859,938.32. The trade was a 8.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries 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.