Huntington Ingalls Industries, Inc. (NYSE:HII) VP Sells $384,105.00 in Stock

Huntington Ingalls Industries, Inc. (NYSE:HII) VP Edmond E. Jr. Hughes sold 1,500 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $256.07, for a total value of $384,105.00. Following the transaction, the vice president now directly owns 8,135 shares of the company’s stock, valued at approximately $2,083,129.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Huntington Ingalls Industries Stock Up 0.3 %

Shares of HII stock opened at $254.62 on Thursday. The stock has a market cap of $10.04 billion, a P/E ratio of 14.35, a price-to-earnings-growth ratio of 2.39 and a beta of 0.60. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.89. The stock has a fifty day moving average price of $273.03 and a 200 day moving average price of $264.42. Huntington Ingalls Industries, Inc. has a one year low of $194.52 and a one year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, May 2nd. The aerospace company reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.50 by $0.37. Huntington Ingalls Industries had a net margin of 6.09% and a return on equity of 18.08%. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period last year, the firm earned $3.23 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts predict that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $1.30 dividend. The ex-dividend date is Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.04%. Huntington Ingalls Industries’s payout ratio is presently 29.31%.

Institutional Trading of Huntington Ingalls Industries

Institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas lifted its holdings in shares of Huntington Ingalls Industries by 2.4% during the third quarter. Teacher Retirement System of Texas now owns 3,090 shares of the aerospace company’s stock valued at $632,000 after acquiring an additional 71 shares during the period. New Mexico Educational Retirement Board raised its holdings in shares of Huntington Ingalls Industries by 5.2% in the third quarter. New Mexico Educational Retirement Board now owns 2,030 shares of the aerospace company’s stock valued at $415,000 after buying an additional 100 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Huntington Ingalls Industries by 4.0% during the third quarter. Daiwa Securities Group Inc. now owns 3,282 shares of the aerospace company’s stock valued at $671,000 after purchasing an additional 127 shares during the last quarter. Empirical Finance LLC lifted its stake in shares of Huntington Ingalls Industries by 11.4% during the third quarter. Empirical Finance LLC now owns 1,367 shares of the aerospace company’s stock valued at $280,000 after acquiring an additional 140 shares during the period. Finally, Duality Advisers LP acquired a new stake in Huntington Ingalls Industries during the 3rd quarter worth $544,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HII. JPMorgan Chase & Co. upped their price target on Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Barclays upped their target price on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. StockNews.com lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Finally, Citigroup began coverage on shares of Huntington Ingalls Industries in a research report on Monday. They set a “buy” rating and a $310.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $278.00.

Huntington Ingalls Industries Company 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.