Huntington Ingalls Industries, Inc. (NYSE:HII) VP Edmond E. Jr. Hughes Sells 1,300 Shares

Huntington Ingalls Industries, Inc. (NYSE:HII) VP Edmond E. Jr. Hughes sold 1,300 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total transaction of $301,483.00. Following the completion of the transaction, the vice president now directly owns 9,581 shares of the company’s stock, valued at approximately $2,221,929.71. The trade was a 11.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII opened at $231.61 on Friday. The company has a market capitalization of $9.09 billion, a PE ratio of 16.59, a PEG ratio of 1.15 and a beta of 0.31. The business has a fifty day moving average price of $209.68 and a 200-day moving average price of $199.12. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $285.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the previous year, the company earned $3.87 earnings per share. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $1.35 per share. The ex-dividend date is Friday, May 30th. This represents a $5.40 annualized dividend and a yield of 2.33%. Huntington Ingalls Industries’s dividend payout ratio is 38.90%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HII shares. The Goldman Sachs Group increased their target price on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Barclays raised their price objective on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $238.44.

Institutional Trading of Huntington Ingalls Industries

Institutional investors and hedge funds have recently modified their holdings of the business. Sentry Investment Management LLC purchased a new stake in shares of Huntington Ingalls Industries during the first quarter valued at $26,000. Park Square Financial Group LLC bought a new position in Huntington Ingalls Industries during the 1st quarter valued at about $31,000. HM Payson & Co. boosted its holdings in shares of Huntington Ingalls Industries by 71.9% during the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 64 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Huntington Ingalls Industries by 503.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 131 shares during the period. Finally, Raiffeisen Bank International AG purchased a new position in shares of Huntington Ingalls Industries during the fourth quarter valued at approximately $36,000. Institutional investors own 90.46% of the company’s stock.

About Huntington Ingalls Industries

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.