Insider Selling: Huntington Ingalls Industries (NYSE:HII) VP Sells 4,400 Shares of Stock

Huntington Ingalls Industries, Inc. (NYSE:HII) VP Chad Boudreaux sold 4,400 shares of the stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $422.45, for a total transaction of $1,858,780.00. Following the completion of the transaction, the vice president directly owned 20,360 shares of the company’s stock, valued at $8,601,082. This trade represents a 17.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Huntington Ingalls Industries Price Performance

Shares of HII stock traded up $0.59 during trading hours on Monday, hitting $429.70. The company had a trading volume of 468,176 shares, compared to its average volume of 597,998. Huntington Ingalls Industries, Inc. has a 12 month low of $177.42 and a 12 month high of $460.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.13. The firm’s fifty day moving average is $408.85 and its 200 day moving average is $337.18. The firm has a market capitalization of $16.86 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 1.75 and a beta of 0.32.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, beating the consensus estimate of $3.72 by $0.32. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The business had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the firm earned $3.15 EPS. Huntington Ingalls Industries’s quarterly revenue was up 15.7% on a year-over-year basis. On average, sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, February 27th. Huntington Ingalls Industries’s payout ratio is currently 35.91%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HII. NBC Securities Inc. raised its stake in shares of Huntington Ingalls Industries by 87.2% in the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 41 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Huntington Ingalls Industries in the second quarter valued at approximately $25,000. Rakuten Securities Inc. raised its position in Huntington Ingalls Industries by 140.0% in the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 63 shares during the last quarter. Versant Capital Management Inc raised its position in Huntington Ingalls Industries by 120.0% in the 3rd quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 60 shares during the last quarter. Finally, Motiv8 Investments LLC acquired a new position in Huntington Ingalls Industries during the 4th quarter worth $38,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HII shares. Bank of America raised shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $300.00 to $400.00 in a report on Thursday, February 12th. TD Cowen upped their price objective on shares of Huntington Ingalls Industries from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Melius Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Finally, Citigroup boosted their target price on Huntington Ingalls Industries from $450.00 to $465.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $384.13.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.