Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) Director Thomas C. Schievelbein purchased 2,120 shares of the business's stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $164.82 per share, with a total value of $349,418.40. Following the acquisition, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. This represents a 36.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Huntington Ingalls Industries Price Performance
HII stock opened at $161.50 on Friday. The stock has a market cap of $6.32 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. The stock has a 50-day moving average price of $190.18 and a two-hundred day moving average price of $225.86. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $299.50. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 0.58.
Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. Equities analysts forecast that Huntington Ingalls Industries, Inc. will post 15.14 EPS for the current fiscal year.
Huntington Ingalls Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.34%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries's payout ratio is 38.68%.
Institutional Investors Weigh In On Huntington Ingalls Industries
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Huntington Ingalls Industries by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company's stock valued at $950,391,000 after acquiring an additional 14,988 shares in the last quarter. FMR LLC raised its stake in shares of Huntington Ingalls Industries by 5.6% during the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company's stock worth $930,383,000 after purchasing an additional 187,411 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Huntington Ingalls Industries by 94.5% in the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company's stock valued at $455,222,000 after buying an additional 863,800 shares in the last quarter. Geode Capital Management LLC increased its holdings in Huntington Ingalls Industries by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company's stock worth $197,677,000 after buying an additional 29,670 shares during the last quarter. Finally, Earnest Partners LLC raised its position in Huntington Ingalls Industries by 32.6% during the fourth quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company's stock worth $157,216,000 after acquiring an additional 204,376 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on HII shares. Barclays lowered their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. TD Cowen downgraded Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price objective for the company. in a research report on Friday, November 1st. The Goldman Sachs Group lowered their target price on Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating for the company in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. Finally, Alembic Global Advisors downgraded 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $221.22.
Check Out Our Latest Analysis on Huntington Ingalls Industries
Huntington Ingalls Industries Company Profile
(
Get Free Report)
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.
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