Huntington Ingalls Industries, Inc. (NYSE:HII) VP D R. Wyatt Sells 900 Shares of Stock

Huntington Ingalls Industries, Inc. (NYSE:HIIGet Free Report) VP D R. Wyatt sold 900 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $263.69, for a total value of $237,321.00. Following the transaction, the vice president now owns 19,100 shares in the company, valued at approximately $5,036,479. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII opened at $266.22 on Wednesday. The business’s 50 day simple moving average is $254.40 and its 200-day simple moving average is $232.81. The firm has a market capitalization of $10.54 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 2.07 and a beta of 0.58. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.95 and a quick ratio of 0.89. Huntington Ingalls Industries, Inc. has a 12 month low of $188.51 and a 12 month high of $269.33.

Huntington Ingalls Industries (NYSE:HIIGet Free Report) last posted its earnings results on Thursday, February 1st. The aerospace company reported $6.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.27 by $2.63. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same quarter in the prior year, the company earned $3.07 EPS. Huntington Ingalls Industries’s revenue was up 13.0% on a year-over-year basis. As a group, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 16.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. StockNews.com upgraded Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 15th. Barclays boosted their target price on Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Huntington Ingalls Industries has a consensus rating of “Moderate Buy” and an average target price of $244.00.

View Our Latest Stock Report on HII

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of institutional investors and hedge funds have recently bought and sold shares of HII. BlackRock Inc. lifted its stake in shares of Huntington Ingalls Industries by 0.8% during the 1st quarter. BlackRock Inc. now owns 3,915,794 shares of the aerospace company’s stock worth $810,648,000 after purchasing an additional 30,355 shares during the period. State Street Corp increased its holdings in shares of Huntington Ingalls Industries by 2.0% during the 1st quarter. State Street Corp now owns 2,958,318 shares of the aerospace company’s stock worth $612,431,000 after buying an additional 58,521 shares during the last quarter. FMR LLC increased its holdings in shares of Huntington Ingalls Industries by 0.5% during the 3rd quarter. FMR LLC now owns 2,511,066 shares of the aerospace company’s stock worth $513,714,000 after buying an additional 12,322 shares during the last quarter. Morgan Stanley increased its holdings in shares of Huntington Ingalls Industries by 133.8% during the 4th quarter. Morgan Stanley now owns 1,285,139 shares of the aerospace company’s stock worth $296,456,000 after buying an additional 735,356 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Huntington Ingalls Industries by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 906,744 shares of the aerospace company’s stock worth $205,874,000 after buying an additional 26,145 shares during the last quarter. Hedge funds and other institutional investors own 89.18% of the company’s stock.

Huntington Ingalls Industries Company Profile

(Get Free Report)

Huntington Ingalls Industries, Inc engages in designing, building, overhauling, and repairing 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.

Further Reading

Insider Buying and Selling by Quarter for Huntington Ingalls Industries (NYSE:HII)

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