State of Michigan Retirement System Buys 400 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

State of Michigan Retirement System grew its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,190 shares of the aerospace company’s stock after purchasing an additional 400 shares during the quarter. State of Michigan Retirement System’s holdings in Huntington Ingalls Industries were worth $2,304,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Auxano Advisors LLC bought a new position in Huntington Ingalls Industries during the 4th quarter valued at $272,000. SBI Securities Co. Ltd. bought a new position in shares of Huntington Ingalls Industries during the fourth quarter valued at about $193,000. Jones Financial Companies Lllp boosted its holdings in Huntington Ingalls Industries by 173.5% during the fourth quarter. Jones Financial Companies Lllp now owns 4,565 shares of the aerospace company’s stock worth $863,000 after purchasing an additional 2,896 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in Huntington Ingalls Industries by 156.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company’s stock worth $91,000 after purchasing an additional 294 shares during the last quarter. Finally, Asahi Life Asset Management CO. LTD. grew its position in Huntington Ingalls Industries by 7.2% in the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 1,490 shares of the aerospace company’s stock worth $282,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of HII opened at $196.66 on Friday. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $294.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. The stock’s fifty day moving average price is $185.59 and its two-hundred day moving average price is $216.25. The firm has a market cap of $7.72 billion, a PE ratio of 14.09, a PEG ratio of 1.15 and a beta of 0.49.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. On average, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries’s payout ratio is currently 38.68%.

Insider Buying and Selling

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein bought 2,120 shares of the stock in a transaction on Thursday, February 13th. The shares were acquired at an average price of $164.82 per share, with a total value of $349,418.40. Following the acquisition, the director now directly owns 7,967 shares of the company’s stock, valued at $1,313,120.94. The trade was a 36.26 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is owned by insiders.

Analyst Ratings Changes

HII has been the topic of several recent analyst reports. Bank of America dropped their target price on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 13th. Barclays dropped their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Finally, The Goldman Sachs Group reduced their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus target price of $221.22.

Huntington Ingalls Industries 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.