Texas Permanent School Fund trimmed its position in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 10.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,725 shares of the aerospace company’s stock after selling 1,135 shares during the period. Texas Permanent School Fund’s holdings in Huntington Ingalls Industries were worth $2,490,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of HII. IFM Investors Pty Ltd boosted its position in Huntington Ingalls Industries by 13.7% during the third quarter. IFM Investors Pty Ltd now owns 2,395 shares of the aerospace company’s stock worth $613,000 after purchasing an additional 288 shares during the period. TIAA FSB bought a new position in Huntington Ingalls Industries during the third quarter worth $4,709,000. Oakbrook Investments LLC bought a new position in Huntington Ingalls Industries during the third quarter worth $1,236,000. Boyd Watterson Asset Management LLC OH bought a new position in Huntington Ingalls Industries during the third quarter worth $233,000. Finally, First Hawaiian Bank bought a new position in Huntington Ingalls Industries during the third quarter worth $1,466,000. Institutional investors and hedge funds own 85.56% of the company’s stock.
A number of equities analysts have commented on HII shares. Goldman Sachs Group cut shares of Huntington Ingalls Industries from a “neutral” rating to a “sell” rating and set a $208.00 price objective for the company. in a research report on Thursday, October 11th. Zacks Investment Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, October 15th. ValuEngine raised shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Monday, October 22nd. Seaport Global Securities started coverage on shares of Huntington Ingalls Industries in a research report on Thursday, August 23rd. They set a “neutral” rating and a $260.00 price objective for the company. Finally, Cowen reaffirmed a “buy” rating and set a $250.00 price objective on shares of Huntington Ingalls Industries in a research report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average target price of $265.33.
In other news, VP Jerri F. Dickseski sold 271 shares of the business’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $257.84, for a total value of $69,874.64. Following the completion of the sale, the vice president now owns 34,750 shares of the company’s stock, valued at $8,959,940. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.32% of the company’s stock.
Shares of Huntington Ingalls Industries stock opened at $220.49 on Monday. The stock has a market capitalization of $9.55 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 0.85 and a beta of 1.13. Huntington Ingalls Industries Inc has a 52-week low of $201.91 and a 52-week high of $276.69. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.43 and a quick ratio of 1.31.
Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, August 2nd. The aerospace company reported $5.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.21 by $1.19. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Huntington Ingalls Industries had a net margin of 7.84% and a return on equity of 39.78%. Huntington Ingalls Industries’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.21 earnings per share. As a group, analysts anticipate that Huntington Ingalls Industries Inc will post 17.24 earnings per share for the current year.
About Huntington Ingalls Industries
Huntington Ingalls Industries, Inc engages in the 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 that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.
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