Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by New Mexico Educational Retirement Board


The New Mexico Educational Retirement Board lowered its position in Huntington Ingalls Industries, Inc. (NYSE:HII – Get Rating) by 4.1% during the first quarter, Holdings Channel.com reports. The fund owned 2,330 shares of the aerospace company’s stock after selling 100 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Huntington Ingalls Industries were worth $465,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of HII. Tudor Investment Corp Et Al increased its holdings in Huntington Ingalls Industries by 376.4% in the third quarter. Tudor Investment Corp Et Al now owns 23,540 shares of the aerospace company’s stock valued at $4,545,000 after acquiring an additional 18,599 shares during the last quarter. MML Investors Services LLC increased its holdings in Huntington Ingalls Industries by 2.7% in the third quarter. MML Investors Services LLC now owns 2,350 shares of the aerospace company’s stock valued at $454,000 after acquiring an additional 61 shares during the last quarter. LPL Financial LLC increased its holdings in Huntington Ingalls Industries by 1.6% in the third quarter. LPL Financial LLC now owns 15,665 shares of the aerospace company’s stock valued at $3,024,000 after acquiring an additional 245 shares during the last quarter. Verition Fund Management LLC acquired a new position in Huntington Ingalls Industries in the third quarter valued at $426,000. Finally, Voloridge Investment Management LLC increased its holdings in Huntington Ingalls Industries by 143.0% in the third quarter. Voloridge Investment Management LLC now owns 14,504 shares of the aerospace company’s stock valued at $2,800,000 after acquiring an additional 8,535 shares during the last quarter. Hedge funds and other institutional investors own 85.52% of the company’s stock.

In related news, VP Edgar A. Green III sold 4,222 shares of the business’s stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $207.99, for a total value of $878,133.78. Following the completion of the sale, the vice president now directly owns 5,809 shares of the company’s stock, valued at $1,208,213.91. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.16% of the stock is owned by insiders.

Shares of NYSE HII opened at $210.00 on Friday. Huntington Ingalls Industries, Inc. has a 1 year low of $175.50 and a 1 year high of $228.66. The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 15.74 and a beta of 0.78. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.07 and a current ratio of 1.15. The stock’s 50-day simple moving average is $211.54 and its 200-day simple moving average is $200.27.

Huntington Ingalls Industries (NYSE:HII – Get Rating) last announced its earnings results on Thursday, May 5th. The aerospace company reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.19. Huntington Ingalls Industries had a return on equity of 21.69% and a net margin of 5.46%. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period in the previous year, the company earned $3.68 earnings per share. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, research analysts predict that Huntington Ingalls Industries, Inc. will post 15.6 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 27th were issued a $1.18 dividend. This represents a $4.72 annualized dividend and a yield of 2.25%. The ex-dividend date was Thursday, May 26th. Huntington Ingalls Industries’s dividend payout ratio is currently 35.38%.

A number of research analysts have commented on the company. Cowen upgraded Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $200.00 to $270.00 in a research note on Thursday, April 14th. TheStreet upgraded Huntington Ingalls Industries from a “c+” rating to a “b-” rating in a research note on Thursday, March 3rd. Vertical Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $250.00 price objective on the stock in a research note on Thursday, March 17th. Cowen upgraded Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $200.00 to $270.00 in a research note on Thursday, April 14th. Finally, StockNews.com assumed coverage on Huntington Ingalls Industries in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $236.00.

Huntington Ingalls Industries Profile (GetRating)

Huntington Ingalls Industries, Inc engages in 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; expeditionary warfare ships; surface combatants; and national security cutters for the US

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



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