New York State Teachers Retirement System Decreases Stake in Huntington Ingalls Industries, Inc. (HII)

New York State Teachers Retirement System lessened its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,511 shares of the aerospace company’s stock after selling 2,300 shares during the quarter. New York State Teachers Retirement System owned about 0.19% of Huntington Ingalls Industries worth $19,590,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HII. Howe & Rusling Inc. lifted its position in shares of Huntington Ingalls Industries by 4,844.4% in the third quarter. Howe & Rusling Inc. now owns 445 shares of the aerospace company’s stock valued at $101,000 after acquiring an additional 436 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Huntington Ingalls Industries by 6.8% in the second quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock valued at $105,000 after acquiring an additional 36 shares in the last quarter. Global X Management Co. LLC purchased a new position in shares of Huntington Ingalls Industries in the second quarter valued at approximately $125,000. Pacer Advisors Inc. lifted its position in shares of Huntington Ingalls Industries by 7.0% in the second quarter. Pacer Advisors Inc. now owns 889 shares of the aerospace company’s stock valued at $165,000 after acquiring an additional 58 shares in the last quarter. Finally, Puplava Financial Services Inc. lifted its position in shares of Huntington Ingalls Industries by 10.2% in the second quarter. Puplava Financial Services Inc. now owns 1,138 shares of the aerospace company’s stock valued at $212,000 after acquiring an additional 105 shares in the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Huntington Ingalls Industries, Inc. (NYSE HII) opened at $235.07 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.47 and a current ratio of 1.63. The company has a market capitalization of $10,673.95, a P/E ratio of 21.33, a P/E/G ratio of 1.35 and a beta of 1.19. Huntington Ingalls Industries, Inc. has a 1 year low of $146.52 and a 1 year high of $236.94.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.59. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Huntington Ingalls Industries had a return on equity of 31.12% and a net margin of 7.93%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.32 earnings per share. analysts forecast that Huntington Ingalls Industries, Inc. will post 11.59 EPS for the current year.

In other Huntington Ingalls Industries news, VP William R. Ermatinger sold 2,985 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $215.10, for a total transaction of $642,073.50. Following the completion of the sale, the vice president now owns 32,810 shares of the company’s stock, valued at $7,057,431. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP D R. Wyatt sold 800 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $214.83, for a total value of $171,864.00. Following the sale, the vice president now directly owns 19,865 shares of the company’s stock, valued at approximately $4,267,597.95. The disclosure for this sale can be found here. 2.22% of the stock is owned by company insiders.

ILLEGAL ACTIVITY WARNING: This story was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://www.com-unik.info/2017/11/06/new-york-state-teachers-retirement-system-decreases-stake-in-huntington-ingalls-industries-inc-hii.html.

Several research firms have recently weighed in on HII. BidaskClub upgraded Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Citigroup Inc. reiterated a “neutral” rating and set a $233.00 price objective (up previously from $224.00) on shares of Huntington Ingalls Industries in a research report on Monday, October 9th. Deutsche Bank AG reiterated a “buy” rating and set a $240.00 price objective (up previously from $230.00) on shares of Huntington Ingalls Industries in a research report on Wednesday, August 9th. ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Cowen and Company reiterated a “hold” rating and set a $210.00 price objective on shares of Huntington Ingalls Industries in a research report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Huntington Ingalls Industries has a consensus rating of “Hold” and an average target price of $209.00.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.

Want to see what other hedge funds are holding HII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Ingalls Industries, Inc. (NYSE:HII).

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

What are top analysts saying about Huntington Ingalls Industries Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Huntington Ingalls Industries Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit