Insider Selling: Huntington Ingalls Industries, Inc. (NYSE: HII) VP Sells 2,614 Shares


Huntington Ingalls Industries, Inc. (NYSE:HII – Get Rating) Vice President Jennifer R. Boykin sold 2,614 shares of the company in a trade dated Saturday, June 11. The stock was sold at an average price of $229.00, for a total transaction of $598,606.00. As a result of the sale, the vice president now directly owns 7,447 shares of the company, valued at $1,705,363. The transaction was disclosed in a document filed with the SEC, which is available via this hyperlink.

Huntington Ingalls Industries inventory up 1.3%

Shares of HII traded up $3.00 during the midday session on Friday, hitting $230.34. 4,420 shares of the company were traded, against an average volume of 291,841. Huntington Ingalls Industries, Inc. has a fifty-two week low of $175.50 and a fifty-two week high of $237.43 . The company has a debt ratio of 1.05, a quick ratio of 1.07 and a current ratio of 1.15. The company has a market capitalization of $9.20 billion, a P/E ratio of 15.71 and a beta of 0.67. The company’s 50-day simple moving average is $213.37 and its 200-day simple moving average is $206.71.

Huntington Ingalls Industries (NYSE:HII – Get Rating) last released its quarterly results on Thursday, August 4. The aerospace company reported earnings per share of $4.44 for the quarter, beating analysts’ consensus estimate of $3.43 by $1.01. Huntington Ingalls Industries had a net margin of 5.71% and a return on equity of 21.73%. The company posted revenue of $2.66 billion in the quarter, versus a consensus estimate of $2.62 billion. In the same quarter last year, the company earned earnings per share of $3.20. The company’s quarterly revenue increased by 19.3% compared to the same quarter last year. Research analysts predict Huntington Ingalls Industries, Inc. will post 15.38 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

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The company also recently announced a quarterly dividend, which will be paid on Friday, September 9. Shareholders of record on Friday, August 26 will receive a dividend of $1.18. This represents a dividend of $4.72 on an annualized basis and a yield of 2.05%. The ex-dividend date is Thursday, August 25. Huntington Ingalls Industries’ dividend payout ratio is currently 32.37%.

Hedge funds weigh on Huntington Ingalls Industries

A number of hedge funds have recently increased or reduced their holdings in HII. BlackRock Inc. increased its holdings of shares of Huntington Ingalls Industries by 25.4% during the first quarter. BlackRock Inc. now owns 5,328,959 shares of the aerospace company valued at $1,062,806,000 after acquiring an additional 1,078,965 shares during the period. American Century Companies Inc. increased its holdings of Huntington Ingalls Industries stock by 7,835.2% in the first quarter. American Century Companies Inc. now owns 266,225 shares of the aerospace company valued at $53,096,000 after acquiring an additional 262,870 shares during the period. Wedge Capital Management LLP NC acquired a new position in shares of Huntington Ingalls Industries during the first quarter worth $45,880,000. Bank of America Corp DE increased its holdings of Huntington Ingalls Industries shares by 26.9% in the first quarter. Bank of America Corp DE now owns 909,953 shares of the aerospace company valued at $181,481,000 after acquiring an additional 193,130 shares during the period. Finally, Cooke & Bieler LP increased its stake in shares of Huntington Ingalls Industries by 40.8% during the fourth quarter. Cooke & Bieler LP now owns 553,251 shares of the aerospace company valued at $103,314,000 after acquiring an additional 160,300 shares during the period. Institutional investors and hedge funds hold 85.52% of the company’s shares.

Analyst upgrades and downgrades

Several equity research analysts have published reports on HII stocks. StockNews.com moved shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a Friday, July 29 research note. Cowen upgraded Huntington Ingalls Industries shares from a ‘market performer’ rating to an ‘outperformer’ rating and raised the stock’s target price from $200.00 to $270.00 in a report research on Thursday, April 14. Cowen upgraded Huntington Ingalls Industries shares from a ‘market performer’ rating to an ‘outperformer’ rating and raised the stock’s target price from $200.00 to $270.00 in a report research on Thursday, April 14. Finally, Sanford C. Bernstein raised its price target on shares of Huntington Ingalls Industries from $217.00 to $235.00 in a research report on Tuesday. Three equity research analysts gave the stock a hold rating and five gave the stock a buy rating. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $235.88.

Huntington Ingalls Industries Company Profile

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Huntington Ingalls Industries, Inc engages in the design, construction, overhaul and repair of military vessels in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding and Technical Solutions. The company is involved in the design and construction of non-nuclear vessels including amphibious assault ships; expeditionary warships; surface fighters; and national security cutters for the United States

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