D R. Wyatt Sells 800 Shares of Huntington Ingalls Industries, Inc. (HII) Stock
Huntington Ingalls Industries, Inc. (NYSE:HII) VP D R. Wyatt sold 800 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $240.33, for a total value of $192,264.00. Following the completion of the transaction, the vice president now directly owns 19,065 shares of the company’s stock, valued at $4,581,891.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Huntington Ingalls Industries, Inc. (NYSE HII) traded down $1.48 during trading on Tuesday, reaching $239.18. The company had a trading volume of 194,100 shares, compared to its average volume of 336,479. The firm has a market capitalization of $10,892.58, a price-to-earnings ratio of 20.02, a P/E/G ratio of 1.34 and a beta of 1.19. Huntington Ingalls Industries, Inc. has a 52-week low of $170.15 and a 52-week high of $253.44. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.52 and a quick ratio of 1.38.
Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Wednesday, November 8th. The aerospace company reported $3.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.78 by $0.49. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.80 billion. Huntington Ingalls Industries had a return on equity of 33.37% and a net margin of 8.31%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.27 earnings per share. equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 11.99 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be paid a $0.72 dividend. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $0.60. This represents a $2.88 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, November 22nd. Huntington Ingalls Industries’s dividend payout ratio is presently 18.13%.
Huntington Ingalls Industries declared that its board has approved a stock buyback plan on Tuesday, November 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the aerospace company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.
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HII has been the subject of a number of analyst reports. Zacks Investment Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 price target for the company in a report on Friday. Deutsche Bank AG reissued a “buy” rating and issued a $240.00 price target (up from $230.00) on shares of Huntington Ingalls Industries in a report on Wednesday, August 9th. BidaskClub raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. ValuEngine raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Cowen and Company reissued a “hold” rating and issued a $225.00 price target on shares of Huntington Ingalls Industries in a report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Huntington Ingalls Industries has an average rating of “Hold” and a consensus target price of $222.57.
A number of institutional investors have recently added to or reduced their stakes in the stock. Advisor Partners LLC increased its stake in Huntington Ingalls Industries by 0.3% in the second quarter. Advisor Partners LLC now owns 1,391 shares of the aerospace company’s stock valued at $259,000 after purchasing an additional 4 shares during the last quarter. ProVise Management Group LLC increased its stake in Huntington Ingalls Industries by 1.0% in the second quarter. ProVise Management Group LLC now owns 2,548 shares of the aerospace company’s stock valued at $474,000 after purchasing an additional 26 shares during the last quarter. Toronto Dominion Bank increased its stake in Huntington Ingalls Industries by 6.8% in the second quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock valued at $105,000 after purchasing an additional 36 shares during the last quarter. World Asset Management Inc increased its stake in Huntington Ingalls Industries by 1.7% in the second quarter. World Asset Management Inc now owns 2,588 shares of the aerospace company’s stock valued at $482,000 after purchasing an additional 44 shares during the last quarter. Finally, Gateway Investment Advisers LLC increased its stake in Huntington Ingalls Industries by 0.5% in the second quarter. Gateway Investment Advisers LLC now owns 9,515 shares of the aerospace company’s stock valued at $1,771,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 84.65% of the company’s stock.
About Huntington Ingalls Industries
Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.
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