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 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,557 shares of the aerospace company’s stock after selling 1,628 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Huntington Ingalls Industries were worth $1,615,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Huntington Ingalls Industries during the second quarter worth approximately $26,000. American National Bank acquired a new stake in shares of Huntington Ingalls Industries during the first quarter worth approximately $30,000. Riverview Trust Co acquired a new stake in shares of Huntington Ingalls Industries during the first quarter worth approximately $30,000. Fidelis Capital Partners LLC acquired a new stake in shares of Huntington Ingalls Industries during the first quarter worth approximately $31,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Huntington Ingalls Industries by 158.5% during the first quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 65 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Price Performance

Shares of HII opened at $269.02 on Thursday. The firm has a market cap of $10.61 billion, a PE ratio of 15.13, a PEG ratio of 2.24 and a beta of 0.52. The firm’s 50 day moving average price is $267.47 and its 200 day moving average price is $266.13. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 0.82. Huntington Ingalls Industries, Inc. has a twelve month low of $199.11 and a twelve month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, August 1st. The aerospace company reported $4.38 earnings per share 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 company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.27 earnings per share. As a group, research analysts expect that Huntington Ingalls Industries, Inc. will post 16.57 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Friday, August 30th. Huntington Ingalls Industries’s payout ratio is 29.31%.

Analyst Ratings Changes

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

About Huntington Ingalls Industries

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.