Insider Selling: Huntington Ingalls Industries, Inc. (NYSE:HII) VP Sells 1,500 Shares of Stock

Huntington Ingalls Industries, Inc. (NYSE:HII) VP Edmond E. Jr. Hughes sold 1,500 shares of Huntington Ingalls Industries stock in a transaction on Monday, May 20th. The shares were sold at an average price of $256.07, for a total value of $384,105.00. Following the completion of the transaction, the vice president now owns 8,135 shares of the company’s stock, valued at approximately $2,083,129.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Huntington Ingalls Industries Trading Down 0.6 %

HII stock opened at $252.88 on Friday. The company has a market cap of $9.97 billion, a P/E ratio of 14.25, a PEG ratio of 2.17 and a beta of 0.60. Huntington Ingalls Industries, Inc. has a twelve month low of $194.52 and a twelve month high of $299.50. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.54. The business has a fifty day moving average of $272.35 and a 200-day moving average of $264.34.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, May 2nd. The aerospace company reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.50 by $0.37. Huntington Ingalls Industries had a return on equity of 18.08% and a net margin of 6.09%. The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the previous year, the firm earned $3.23 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 16.35 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $1.30 per share. The ex-dividend date is Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.06%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.31%.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of institutional investors have recently made changes to their positions in HII. Teacher Retirement System of Texas grew its stake in shares of Huntington Ingalls Industries by 2.4% during the third quarter. Teacher Retirement System of Texas now owns 3,090 shares of the aerospace company’s stock worth $632,000 after purchasing an additional 71 shares during the period. New Mexico Educational Retirement Board grew its stake in Huntington Ingalls Industries by 5.2% in the third quarter. New Mexico Educational Retirement Board now owns 2,030 shares of the aerospace company’s stock valued at $415,000 after acquiring an additional 100 shares during the period. Daiwa Securities Group Inc. grew its stake in Huntington Ingalls Industries by 4.0% in the third quarter. Daiwa Securities Group Inc. now owns 3,282 shares of the aerospace company’s stock valued at $671,000 after acquiring an additional 127 shares during the period. Empirical Finance LLC grew its stake in Huntington Ingalls Industries by 11.4% in the third quarter. Empirical Finance LLC now owns 1,367 shares of the aerospace company’s stock valued at $280,000 after acquiring an additional 140 shares during the period. Finally, Duality Advisers LP acquired a new position in Huntington Ingalls Industries in the third quarter valued at about $544,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on HII shares. JPMorgan Chase & Co. lifted their price objective on Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Barclays boosted their target price on Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Citigroup started coverage on Huntington Ingalls Industries in a research report on Monday. They set a “buy” rating and a $310.00 target price for the company. Finally, StockNews.com downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $278.00.

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.