Huntington Ingalls Industries, Inc. (NYSE:HII) CAO Sells $142,170.00 in Stock

Huntington Ingalls Industries, Inc. (NYSE:HII) CAO Nicolas G. Schuck sold 750 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the sale, the chief accounting officer now directly owns 2,884 shares of the company’s stock, valued at $546,691.04. This represents a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII traded up $1.37 during midday trading on Monday, reaching $197.34. The company’s stock had a trading volume of 1,037,393 shares, compared to its average volume of 446,677. The business’s fifty day simple moving average is $185.59 and its 200-day simple moving average is $215.86. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $294.81. The company has a market capitalization of $7.74 billion, a P/E ratio of 14.14, a P/E/G ratio of 1.15 and a beta of 0.49.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio is currently 38.68%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HII shares. Barclays cut their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Bank of America reduced 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 note on Wednesday, November 13th. Finally, The Goldman Sachs Group lowered their target price on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $221.22.

Hedge Funds Weigh In On Huntington Ingalls Industries

Several institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its position in Huntington Ingalls Industries by 503.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock valued at $30,000 after buying an additional 131 shares during the last quarter. Raiffeisen Bank International AG bought a new position in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $36,000. Truvestments Capital LLC acquired a new stake in shares of Huntington Ingalls Industries in the third quarter valued at approximately $42,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Huntington Ingalls Industries in the fourth quarter worth $48,000. Finally, Bruce G. Allen Investments LLC grew its position in Huntington Ingalls Industries by 43.4% in the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 85 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

About Huntington Ingalls Industries

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.