State of New Jersey Common Pension Fund D Acquires 60,000 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

State of New Jersey Common Pension Fund D raised its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 400.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,000 shares of the aerospace company’s stock after buying an additional 60,000 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.16% of Huntington Ingalls Industries worth $13,962,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of HII. BlackRock Inc. raised its stake in Huntington Ingalls Industries by 6,424.3% in the first quarter. BlackRock Inc. now owns 4,452,038 shares of the aerospace company’s stock valued at $891,476,000 after buying an additional 4,383,800 shares during the period. Morgan Stanley raised its stake in Huntington Ingalls Industries by 185.7% in the first quarter. Morgan Stanley now owns 359,359 shares of the aerospace company’s stock valued at $71,958,000 after buying an additional 233,584 shares during the period. Vanguard Group Inc. raised its stake in Huntington Ingalls Industries by 3.9% in the first quarter. Vanguard Group Inc. now owns 4,449,811 shares of the aerospace company’s stock valued at $891,031,000 after buying an additional 166,765 shares during the period. Old Mutual Global Investors UK Ltd. purchased a new stake in Huntington Ingalls Industries during the first quarter valued at approximately $27,054,000. Finally, AQR Capital Management LLC raised its stake in Huntington Ingalls Industries by 7.5% in the first quarter. AQR Capital Management LLC now owns 1,778,952 shares of the aerospace company’s stock valued at $356,217,000 after buying an additional 124,237 shares during the period. Institutional investors own 86.59% of the company’s stock.

Huntington Ingalls Industries, Inc. (NYSE:HII) traded down 1.54% on Friday, hitting $205.22. 215,935 shares of the stock were exchanged. The company has a 50-day moving average of $203.49 and a 200-day moving average of $201.45. The stock has a market cap of $9.32 billion, a price-to-earnings ratio of 16.77 and a beta of 1.18. Huntington Ingalls Industries, Inc. has a 12 month low of $146.52 and a 12 month high of $220.68.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.62 by $0.59. Huntington Ingalls Industries had a net margin of 7.93% and a return on equity of 31.12%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the business posted $2.32 earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. On average, equities analysts predict that Huntington Ingalls Industries, Inc. will post $11.56 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.17%. Huntington Ingalls Industries’s dividend payout ratio is 19.61%.

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Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 8th. BidaskClub upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Credit Suisse Group decreased their price objective on shares of Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating for the company in a research note on Monday, May 15th. Deutsche Bank AG reiterated a “buy” rating and issued a $240.00 price objective (up previously from $230.00) on shares of Huntington Ingalls Industries in a research note on Wednesday, August 9th. Finally, Cowen and Company reiterated a “hold” rating and issued a $210.00 price objective on shares of Huntington Ingalls Industries in a research note on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Huntington Ingalls Industries has an average rating of “Hold” and an average target price of $205.00.

In related news, VP Christopher D. Kastner bought 4,183 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was purchased at an average price of $189.40 per share, for a total transaction of $792,260.20. Following the completion of the transaction, the vice president now owns 39,464 shares in the company, valued at $7,474,481.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP William R. Ermatinger sold 2,985 shares of the company’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 transaction, the vice president now owns 32,810 shares of the company’s stock, valued at approximately $7,057,431. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,699 shares of company stock valued at $1,576,565. 2.22% of the stock is owned by company insiders.

About Huntington Ingalls Industries

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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