Insider Selling: Huntington Ingalls Industries, Inc. (NYSE:HII) VP Sells 400 Shares of Stock

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

Huntington Ingalls Industries Trading Down 0.9 %

Shares of Huntington Ingalls Industries stock opened at $204.70 on Wednesday. Huntington Ingalls Industries, Inc. has a 12-month low of $184.29 and a 12-month high of $299.50. The stock has a market capitalization of $8.01 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 1.74 and a beta of 0.55. The company has a 50-day simple moving average of $249.45 and a 200 day simple moving average of $255.12. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data 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 net margin of 5.99% and a return on equity of 16.89%. The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the previous year, the firm posted $3.70 EPS. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. Research analysts expect that Huntington Ingalls Industries, Inc. will post 15.63 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

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

Analyst Ratings Changes

Several equities analysts have commented on the company. StockNews.com cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Barclays cut their target price on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. The Goldman Sachs Group lowered their price target on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a report on Friday, November 1st. Finally, Vertical Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective for the company. in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $233.13.

Institutional Trading of Huntington Ingalls Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton boosted its position in shares of Huntington Ingalls Industries by 8.2% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company’s stock worth $139,000 after purchasing an additional 40 shares during the last quarter. Oliver Lagore Vanvalin Investment Group grew its position in shares of Huntington Ingalls Industries by 9.1% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 492 shares of the aerospace company’s stock worth $121,000 after buying an additional 41 shares during the period. Ballentine Partners LLC increased its stake in shares of Huntington Ingalls Industries by 1.6% in the 2nd quarter. Ballentine Partners LLC now owns 2,625 shares of the aerospace company’s stock valued at $647,000 after acquiring an additional 42 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Huntington Ingalls Industries by 16.4% in the 2nd quarter. GAMMA Investing LLC now owns 320 shares of the aerospace company’s stock valued at $79,000 after acquiring an additional 45 shares during the period. Finally, Hilltop National Bank boosted its stake in Huntington Ingalls Industries by 15.1% during the 2nd quarter. Hilltop National Bank now owns 359 shares of the aerospace company’s stock worth $88,000 after acquiring an additional 47 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

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.