Employees Retirement System Of Texas Lowers stake in Huntington Ingalls Industries Inc (HII)

Huntington Ingalls Industries Inc (HII) : Employees Retirement System Of Texas reduced its stake in Huntington Ingalls Industries Inc by 4.22% during the most recent quarter end. The investment management company now holds a total of 159,000 shares of Huntington Ingalls Industries Inc which is valued at $26,521,200 after selling 7,000 shares in Huntington Ingalls Industries Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Huntington Ingalls Industries Inc makes up approximately 0.35% of Employees Retirement System Of Texas’s portfolio.

Other Hedge Funds, Including , Analytic Investors reduced its stake in HII by selling 46,697 shares or 14.39% in the most recent quarter. The Hedge Fund company now holds 277,873 shares of HII which is valued at $46,349,216. Huntington Ingalls Industries Inc makes up approx 0.54% of Analytic Investors’s portfolio.Bradley Foster Sargent Incct reduced its stake in HII by selling 915 shares or 12.75% in the most recent quarter. The Hedge Fund company now holds 6,260 shares of HII which is valued at $1,050,178. Huntington Ingalls Industries Inc makes up approx 0.05% of Bradley Foster Sargent Incct’s portfolio. Blair William Coil added HII to its portfolio by purchasing 1,391 company shares during the most recent quarter which is valued at $233,507.First Trust Advisors Lp reduced its stake in HII by selling 41,672 shares or 56.3% in the most recent quarter. The Hedge Fund company now holds 32,340 shares of HII which is valued at $5,497,153. Huntington Ingalls Industries Inc makes up approx 0.02% of First Trust Advisors Lp’s portfolio.State Treasurer State Of Michigan boosted its stake in HII in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 18,834 shares of Huntington Ingalls Industries Inc which is valued at $3,278,811. Huntington Ingalls Industries Inc makes up approx 0.02% of State Treasurer State Of Michigan’s portfolio.

Huntington Ingalls Industries Inc closed down -1.07 points or -0.64% at $167.39 with 2,10,901 shares getting traded on Tuesday. Post opening the session at $169.11, the shares hit an intraday low of $166.91 and an intraday high of $169.63 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Huntington Ingalls Industries Inc reported $2.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $2.30. The company had revenue of $1700.00 million for the quarter, compared to analysts expectations of $1732.43 million. The company’s revenue was down -2.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.99 EPS.

Many Wall Street Analysts have commented on Huntington Ingalls Industries Inc. Huntington Ingalls Industries Inc was Downgraded by Wells Fargo to ” Market Perform” on Aug 5, 2016. Stifel Downgraded Huntington Ingalls Industries Inc on May 24, 2016 to ” Sell”, Price Target of the shares are set at $135.

Huntington Ingalls Industries Inc. (HII) designs builds overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Company is the designer builder and refueler of nuclear powered aircraft carriers the builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters for the United States Coast Guard. The Company designs and builds nuclear-powered submarines for the United States Navy and builds the Navy’s fleet of DDG51 Arleigh Burke-class destroyers. The Company operates its shipbuilding business through Huntington Ingalls Incorporated subsidiary which is organized into two segments: Ingalls Shipbuilding (Ingalls) which includes non-nuclear ship design construction repair and maintenance businesses and Newport News Shipbuilding (Newport News) which includes the nuclear ship design construction overhaul refueling and repair and maintenance businesses.

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