Huntington Ingalls Industries, Inc. (NYSE:HII) VP D R. Wyatt Sells 400 Shares

Huntington Ingalls Industries, Inc. (NYSE:HII) VP D R. Wyatt sold 400 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the sale, the vice president now directly owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Huntington Ingalls Industries Trading Down 0.9 %

Shares of NYSE:HII opened at $204.70 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $8.01 billion, a PE ratio of 11.56, a P/E/G ratio of 1.74 and a beta of 0.55. Huntington Ingalls Industries, Inc. has a 1 year low of $184.29 and a 1 year high of $299.50. The firm has a fifty day moving average price of $249.45 and a 200 day moving average price of $255.12.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter last year, the company posted $3.70 EPS. The business’s revenue was down 2.4% compared to the same quarter last year. Analysts expect that Huntington Ingalls Industries, Inc. will post 15.63 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 29.36%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HII. Deutsche Bank Aktiengesellschaft dropped their target price on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Barclays dropped their price objective on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price for the company. in a research note on Friday, November 1st. Vertical Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target on the stock. in a report on Thursday, October 10th. Finally, Wolfe Research lowered Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $233.13.

Institutional Trading of Huntington Ingalls Industries

A number of institutional investors and hedge funds have recently modified their holdings of the company. Daiwa Securities Group Inc. raised its holdings in Huntington Ingalls Industries by 9.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,816 shares of the aerospace company’s stock worth $1,273,000 after acquiring an additional 423 shares during the period. Larson Financial Group LLC increased its stake in shares of Huntington Ingalls Industries by 211.4% in the third quarter. Larson Financial Group LLC now owns 1,283 shares of the aerospace company’s stock worth $339,000 after purchasing an additional 871 shares during the period. Cerity Partners LLC lifted its position in shares of Huntington Ingalls Industries by 193.4% during the 3rd quarter. Cerity Partners LLC now owns 10,442 shares of the aerospace company’s stock worth $2,761,000 after purchasing an additional 6,883 shares during the last quarter. Studio Investment Management LLC bought a new stake in Huntington Ingalls Industries during the 3rd quarter valued at approximately $499,000. Finally, Citigroup Inc. grew its holdings in Huntington Ingalls Industries by 3.6% in the 3rd quarter. Citigroup Inc. now owns 82,752 shares of the aerospace company’s stock valued at $21,878,000 after buying an additional 2,847 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Company Profile

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.