Retirement Systems of Alabama Sells 261 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Retirement Systems of Alabama decreased its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,754 shares of the aerospace company’s stock after selling 261 shares during the period. Retirement Systems of Alabama’s holdings in Huntington Ingalls Industries were worth $2,273,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of HII. Valley National Advisers Inc. bought a new position in shares of Huntington Ingalls Industries in the 4th quarter worth about $1,094,000. Raymond James & Associates increased its position in Huntington Ingalls Industries by 22.9% in the 4th quarter. Raymond James & Associates now owns 56,596 shares of the aerospace company’s stock valued at $14,695,000 after buying an additional 10,539 shares in the last quarter. Ceredex Value Advisors LLC bought a new stake in Huntington Ingalls Industries in the 4th quarter valued at about $9,360,000. Aviva PLC increased its position in Huntington Ingalls Industries by 1.9% in the 3rd quarter. Aviva PLC now owns 54,141 shares of the aerospace company’s stock valued at $11,076,000 after buying an additional 992 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its position in Huntington Ingalls Industries by 0.6% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 492,959 shares of the aerospace company’s stock valued at $100,850,000 after buying an additional 2,818 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on HII shares. StockNews.com lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Barclays boosted their target price on Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Finally, JPMorgan Chase & Co. boosted their target price on Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st.

Huntington Ingalls Industries Price Performance

Huntington Ingalls Industries stock opened at $246.92 on Thursday. Huntington Ingalls Industries, Inc. has a 12 month low of $193.38 and a 12 month high of $299.50. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54. The business’s 50 day simple moving average is $280.71 and its 200 day simple moving average is $262.09. The company has a market cap of $9.74 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 2.32 and a beta of 0.60.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, May 2nd. The aerospace company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.50 by $0.37. Huntington Ingalls Industries had a return on equity of 18.08% and a net margin of 6.09%. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the prior year, the business earned $3.23 earnings per share. Huntington Ingalls Industries’s revenue for the quarter was up 4.7% on a year-over-year basis. Sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 16.35 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.11%. Huntington Ingalls Industries’s payout ratio is 29.31%.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP Jennifer R. Boykin sold 2,176 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $272.31, for a total value of $592,546.56. Following the transaction, the vice president now owns 6,877 shares of the company’s stock, valued at $1,872,675.87. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, VP Edgar A. Green III sold 3,603 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $290.75, for a total value of $1,047,572.25. Following the transaction, the vice president now owns 7,461 shares of the company’s stock, valued at $2,169,285.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Jennifer R. Boykin sold 2,176 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $272.31, for a total value of $592,546.56. Following the completion of the transaction, the vice president now directly owns 6,877 shares in the company, valued at approximately $1,872,675.87. The disclosure for this sale can be found here. Insiders have sold 7,572 shares of company stock valued at $2,161,024 in the last 90 days. 0.72% of the stock is currently owned by company insiders.

About Huntington Ingalls Industries

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.