Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) CAO Nicolas G. Schuck sold 750 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the transaction, the chief accounting officer now owns 2,884 shares of the company's stock, valued at $546,691.04. This trade represents a 20.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Huntington Ingalls Industries Price Performance
HII opened at $197.34 on Tuesday. The company has a fifty day moving average price of $185.77 and a two-hundred day moving average price of $215.33. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $294.81. The firm has a market capitalization of $7.74 billion, a PE ratio of 14.14, a P/E/G ratio of 1.15 and a beta of 0.49.
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 analysts' consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. As a group, analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.
Huntington Ingalls Industries Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries's dividend payout ratio (DPR) is 38.68%.
Hedge Funds Weigh In On Huntington Ingalls Industries
Several institutional investors and hedge funds have recently made changes to their positions in the company. Yousif Capital Management LLC grew its holdings in shares of Huntington Ingalls Industries by 1.6% in the 4th quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company's stock valued at $610,000 after buying an additional 52 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in shares of Huntington Ingalls Industries by 0.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 11,930 shares of the aerospace company's stock valued at $2,254,000 after buying an additional 66 shares during the period. MML Investors Services LLC grew its holdings in shares of Huntington Ingalls Industries by 0.6% in the 3rd quarter. MML Investors Services LLC now owns 11,363 shares of the aerospace company's stock valued at $3,004,000 after buying an additional 71 shares during the period. 1834 Investment Advisors Co. grew its holdings in shares of Huntington Ingalls Industries by 3.9% in the 4th quarter. 1834 Investment Advisors Co. now owns 1,932 shares of the aerospace company's stock valued at $365,000 after buying an additional 73 shares during the period. Finally, Covestor Ltd grew its holdings in shares of Huntington Ingalls Industries by 9.8% in the 4th quarter. Covestor Ltd now owns 815 shares of the aerospace company's stock valued at $154,000 after buying an additional 73 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on HII shares. Barclays dropped their price objective on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. Bank of America dropped their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating for the company in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group dropped their price objective on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating for the company in a research report on Monday, February 10th. 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 stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $221.22.
Read Our Latest Stock Report 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.
Further Reading
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