Insider Selling: 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 firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $256.07, for a total transaction of $384,105.00. Following the sale, the vice president now directly owns 8,135 shares in the company, valued at approximately $2,083,129.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Huntington Ingalls Industries Trading Down 0.6 %

NYSE HII opened at $252.88 on Friday. Huntington Ingalls Industries, Inc. has a 12 month low of $194.52 and a 12 month high of $299.50. The company has a 50-day moving average of $272.35 and a 200-day moving average of $264.34. 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 company has a market cap of $9.97 billion, a P/E ratio of 14.25, a P/E/G ratio of 2.17 and a beta of 0.60.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.50 by $0.37. Huntington Ingalls Industries had a return on equity of 18.08% and a net margin of 6.09%. The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the previous year, the business earned $3.23 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities 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 declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Friday, May 31st. Huntington Ingalls Industries’s dividend payout ratio is presently 29.31%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Huntington Ingalls Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new position in Huntington Ingalls Industries in the 3rd quarter worth approximately $25,000. Cranbrook Wealth Management LLC acquired a new stake in shares of Huntington Ingalls Industries during the 4th quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Huntington Ingalls Industries during the 4th quarter valued at approximately $30,000. American National Bank acquired a new stake in shares of Huntington Ingalls Industries during the 1st quarter valued at approximately $30,000. Finally, Riverview Trust Co acquired a new stake in shares of Huntington Ingalls Industries during the 1st quarter valued at approximately $30,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

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.