Texas Permanent School Fund Corp Has $1.62 Million Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Texas Permanent School Fund Corp trimmed its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 19.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 6,557 shares of the aerospace company’s stock after selling 1,628 shares during the period. Texas Permanent School Fund Corp’s holdings in Huntington Ingalls Industries were worth $1,615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of HII. Principal Securities Inc. acquired a new stake in shares of Huntington Ingalls Industries in the fourth quarter worth $76,000. Envestnet Portfolio Solutions Inc. raised its stake in Huntington Ingalls Industries by 56.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,860 shares of the aerospace company’s stock valued at $483,000 after purchasing an additional 672 shares during the last quarter. Avantax Advisory Services Inc. acquired a new position in Huntington Ingalls Industries during the 4th quarter valued at $317,000. Vanguard Personalized Indexing Management LLC raised its stake in Huntington Ingalls Industries by 4.9% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,621 shares of the aerospace company’s stock valued at $681,000 after purchasing an additional 123 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Huntington Ingalls Industries by 4.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,492 shares of the aerospace company’s stock valued at $1,426,000 after purchasing an additional 231 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Price Performance

NYSE:HII opened at $269.02 on Thursday. The stock has a market cap of $10.61 billion, a P/E ratio of 15.13, a PEG ratio of 2.24 and a beta of 0.52. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.82 and a quick ratio of 0.76. The company has a fifty day moving average price of $267.47 and a 200 day moving average price of $266.13. Huntington Ingalls Industries, Inc. has a one year low of $199.11 and a one year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.77. The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.84 billion. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.27 EPS. Analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.57 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.31%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and upped their target price for the company from $280.00 to $285.00 in a research note on Monday, September 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $275.50.

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.