Insider Selling: Huntington Ingalls Industries, Inc. (NYSE:HII) CAO Sells 750 Shares of Stock

Huntington Ingalls Industries, Inc. (NYSE:HII) 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 value of $142,170.00. Following the sale, the chief accounting officer now owns 2,884 shares of the company’s stock, valued at approximately $546,691.04. The trade was a 20.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Huntington Ingalls Industries Trading Down 1.6 %

HII opened at $191.96 on Thursday. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 1.15 and a beta of 0.49. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $185.94 and its two-hundred day moving average is $214.61. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $294.81.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s payout ratio is currently 38.68%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of HII. EverSource Wealth Advisors LLC increased its holdings in shares of Huntington Ingalls Industries by 503.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 131 shares during the period. Raiffeisen Bank International AG acquired a new position in Huntington Ingalls Industries during the fourth quarter worth $36,000. Truvestments Capital LLC acquired a new position in Huntington Ingalls Industries during the third quarter worth $42,000. Wingate Wealth Advisors Inc. acquired a new position in Huntington Ingalls Industries during the fourth quarter worth $48,000. Finally, Bruce G. Allen Investments LLC grew its holdings in Huntington Ingalls Industries by 43.4% during the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 85 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on HII shares. Barclays decreased their target price on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. The Goldman Sachs Group decreased 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. Finally, Bank of America cut their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $221.22.

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.