Retirement Systems of Alabama Cuts Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Retirement Systems of Alabama lowered its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,600 shares of the aerospace company’s stock after selling 97 shares during the quarter. Retirement Systems of Alabama’s holdings in Huntington Ingalls Industries were worth $2,274,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HII. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Huntington Ingalls Industries during the 3rd quarter worth $29,000. Family Firm Inc. acquired a new stake in Huntington Ingalls Industries in the second quarter valued at $35,000. Rothschild Investment LLC purchased a new stake in Huntington Ingalls Industries during the 2nd quarter worth about $37,000. Northwest Investment Counselors LLC acquired a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth about $40,000. Finally, Truvestments Capital LLC purchased a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

HII has been the subject of several recent analyst reports. Bank of America decreased their target price on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research note on Wednesday, November 13th. Alembic Global Advisors downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective for the company. in a research report on Friday, November 1st. StockNews.com downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Vertical Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target for the company. in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group dropped their price objective on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $228.89.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 400 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the sale, the vice president now owns 19,627 shares in the company, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII opened at $190.45 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. Huntington Ingalls Industries, Inc. has a one year low of $184.29 and a one year high of $299.50. The company has a 50-day simple moving average of $212.55 and a 200-day simple moving average of $243.76. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 1.86 and a beta of 0.55.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the prior year, the company earned $3.70 earnings per share. The firm’s revenue was down 2.4% on a year-over-year basis. On average, analysts predict that Huntington Ingalls Industries, Inc. will post 14.01 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.84%. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date was Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 30.49%.

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.