Huntington Ingalls Industries (NYSE:HII) EVP Sells $736,848.00 in Stock

Huntington Ingalls Industries, Inc. (NYSE:HII) EVP Eric Chewning sold 1,700 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $433.44, for a total transaction of $736,848.00. Following the completion of the transaction, the executive vice president directly owned 1,949 shares in the company, valued at $844,774.56. This represents a 46.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Huntington Ingalls Industries Price Performance

NYSE:HII opened at $430.37 on Friday. The stock has a 50 day moving average of $408.85 and a two-hundred day moving average of $336.69. Huntington Ingalls Industries, Inc. has a 12 month low of $177.42 and a 12 month high of $460.00. The firm has a market cap of $16.89 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 1.75 and a beta of 0.32. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $3.72 by $0.32. The business had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.09 billion. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.15 earnings per share. On average, analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, February 27th. Huntington Ingalls Industries’s dividend payout ratio is currently 35.91%.

Institutional Trading of Huntington Ingalls Industries

Several large investors have recently added to or reduced their stakes in HII. TriaGen Wealth Management LLC increased its stake in shares of Huntington Ingalls Industries by 1.6% in the 4th quarter. TriaGen Wealth Management LLC now owns 1,971 shares of the aerospace company’s stock worth $670,000 after acquiring an additional 31 shares during the last quarter. CI Investments Inc. boosted its position in shares of Huntington Ingalls Industries by 16.7% during the 3rd quarter. CI Investments Inc. now owns 231 shares of the aerospace company’s stock valued at $67,000 after acquiring an additional 33 shares during the last quarter. Intrust Bank NA grew its holdings in shares of Huntington Ingalls Industries by 4.5% in the fourth quarter. Intrust Bank NA now owns 821 shares of the aerospace company’s stock valued at $279,000 after purchasing an additional 35 shares during the period. Oakworth Capital Inc. grew its holdings in shares of Huntington Ingalls Industries by 1.7% in the fourth quarter. Oakworth Capital Inc. now owns 2,205 shares of the aerospace company’s stock valued at $750,000 after purchasing an additional 36 shares during the period. Finally, Evergreen Capital Management LLC increased its position in Huntington Ingalls Industries by 3.9% during the third quarter. Evergreen Capital Management LLC now owns 1,011 shares of the aerospace company’s stock worth $291,000 after purchasing an additional 38 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HII has been the topic of several recent research reports. Wall Street Zen cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Bank of America upgraded shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and increased their target price for the company from $300.00 to $400.00 in a research report on Thursday, February 12th. TD Cowen raised their price target on shares of Huntington Ingalls Industries from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday. Melius Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Finally, The Goldman Sachs Group upped their price objective on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $384.13.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.