New York State Common Retirement Fund Has $27.15 Million Holdings in Huntington Ingalls Industries Inc (HII)

New York State Common Retirement Fund raised its stake in Huntington Ingalls Industries Inc (NYSE:HII) by 17.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 119,911 shares of the aerospace company’s stock after purchasing an additional 17,636 shares during the period. New York State Common Retirement Fund owned 0.26% of Huntington Ingalls Industries worth $27,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. ProVise Management Group LLC grew its stake in shares of Huntington Ingalls Industries by 1.0% during the second quarter. ProVise Management Group LLC now owns 2,548 shares of the aerospace company’s stock worth $474,000 after acquiring an additional 26 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Huntington Ingalls Industries by 6.8% during the 2nd quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock worth $105,000 after buying an additional 36 shares during the period. Pacer Advisors Inc. raised its stake in shares of Huntington Ingalls Industries by 7.0% during the 2nd quarter. Pacer Advisors Inc. now owns 889 shares of the aerospace company’s stock worth $165,000 after buying an additional 58 shares during the period. Dorsey Wright & Associates raised its stake in shares of Huntington Ingalls Industries by 1.3% during the 2nd quarter. Dorsey Wright & Associates now owns 9,786 shares of the aerospace company’s stock worth $1,822,000 after buying an additional 130 shares during the period. Finally, IHT Wealth Management LLC raised its stake in shares of Huntington Ingalls Industries by 1,750.0% during the 2nd quarter. IHT Wealth Management LLC now owns 148 shares of the aerospace company’s stock worth $973,000 after buying an additional 140 shares during the period. Institutional investors own 84.23% of the company’s stock.

Shares of Huntington Ingalls Industries Inc (NYSE HII) opened at $237.01 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.38 and a current ratio of 1.52. Huntington Ingalls Industries Inc has a 12-month low of $174.07 and a 12-month high of $253.44. The company has a market capitalization of $10,730.00, a P/E ratio of 19.72, a P/E/G ratio of 1.32 and a beta of 1.17.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Wednesday, November 8th. The aerospace company reported $3.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.78 by $0.49. Huntington Ingalls Industries had a return on equity of 33.37% and a net margin of 8.31%. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the business earned $2.27 earnings per share. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. analysts predict that Huntington Ingalls Industries Inc will post 12.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 24th were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 1.22%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Wednesday, November 22nd. Huntington Ingalls Industries’s payout ratio is presently 21.69%.

Huntington Ingalls Industries announced that its Board of Directors has initiated a stock buyback plan on Tuesday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.

HII has been the subject of several research analyst reports. Zacks Investment Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. ValuEngine raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Citigroup reaffirmed a “neutral” rating and set a $233.00 target price (up from $224.00) on shares of Huntington Ingalls Industries in a research note on Monday, October 9th. Credit Suisse Group reaffirmed a “neutral” rating and set a $241.00 target price (up from $211.00) on shares of Huntington Ingalls Industries in a research note on Thursday, November 9th. Finally, Cowen reaffirmed a “hold” rating and set a $210.00 target price on shares of Huntington Ingalls Industries in a research note on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $222.57.

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 800 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $240.33, for a total value of $192,264.00. Following the completion of the sale, the vice president now directly owns 19,065 shares in the company, valued at approximately $4,581,891.45. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Philip M. Bilden bought 2,200 shares of the company’s stock in a transaction on Friday, November 24th. The stock was bought at an average price of $234.11 per share, with a total value of $515,042.00. The disclosure for this purchase can be found here. 2.22% of the stock is currently owned by insiders.

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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.

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

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