Huntington Ingalls Industries Inc. (HII) VP Matthew J. Mulherin Sells 8,000 Shares of Stock
Huntington Ingalls Industries Inc. (NYSE:HII) VP Matthew J. Mulherin sold 8,000 shares of Huntington Ingalls Industries stock in a transaction that occurred on Tuesday, November 29th. The shares were sold at an average price of $180.49, for a total value of $1,443,920.00. Following the transaction, the vice president now directly owns 103,613 shares in the company, valued at approximately $18,701,110.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Huntington Ingalls Industries Inc. (NYSE:HII) opened at 178.76 on Thursday. The firm has a 50 day moving average price of $163.53 and a 200 day moving average price of $162.99. The company has a market capitalization of $8.29 billion, a price-to-earnings ratio of 19.90 and a beta of 1.15. Huntington Ingalls Industries Inc. has a 52 week low of $118.20 and a 52 week high of $182.74.
Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, November 3rd. The company reported $2.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by $0.13. Huntington Ingalls Industries had a return on equity of 29.26% and a net margin of 6.04%. The firm earned $1.68 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the company posted $1.98 EPS. The firm’s revenue was down 6.5% on a year-over-year basis. Equities analysts forecast that Huntington Ingalls Industries Inc. will post $10.39 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Friday, November 25th will be given a $0.60 dividend. The ex-dividend date is Tuesday, November 22nd. This represents a $2.40 annualized dividend and a dividend yield of 1.34%. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $0.50. Huntington Ingalls Industries’s dividend payout ratio is currently 26.67%.
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HII has been the topic of several analyst reports. Citigroup Inc. lifted their target price on Huntington Ingalls Industries from $180.00 to $191.00 and gave the company a “buy” rating in a research report on Tuesday, September 6th. Zacks Investment Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Huntington Ingalls Industries in a research report on Monday, November 14th. Finally, Cowen and Company cut Huntington Ingalls Industries from an “outperform” rating to a “market perform” rating and cut their target price for the company from $185.00 to $165.00 in a research report on Tuesday, September 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $159.00.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC boosted its position in shares of Huntington Ingalls Industries by 138.2% in the first quarter. Barclays PLC now owns 9,760 shares of the company’s stock worth $1,327,000 after buying an additional 5,662 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Huntington Ingalls Industries by 3.0% in the first quarter. Arizona State Retirement System now owns 24,099 shares of the company’s stock worth $3,300,000 after buying an additional 700 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Huntington Ingalls Industries by 75.5% in the second quarter. BNP Paribas Arbitrage SA now owns 28,712 shares of the company’s stock worth $4,824,000 after buying an additional 12,351 shares during the last quarter. Hollencrest Securities LLC bought a new position in shares of Huntington Ingalls Industries during the second quarter worth about $242,000. Finally, Tompkins Financial Corp boosted its position in shares of Huntington Ingalls Industries by 569.0% in the second quarter. Tompkins Financial Corp now owns 970 shares of the company’s stock worth $163,000 after buying an additional 825 shares during the last quarter. Institutional investors and hedge funds own 90.15% of the company’s stock.
About Huntington Ingalls Industries
Huntington Ingalls Industries, Inc (HII) designs, builds, overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Company is the designer, builder and refueler of nuclear powered aircraft carriers, a builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters (NSCs) for the United States Coast Guard.
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