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
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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