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 business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the transaction, the vice president now directly owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Huntington Ingalls Industries Stock Performance

NYSE:HII traded down $2.03 during midday trading on Tuesday, reaching $204.60. 467,191 shares of the company traded hands, compared to its average volume of 333,194. The company has a fifty day moving average price of $250.87 and a 200 day moving average price of $255.63. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 1.70 and a beta of 0.55. Huntington Ingalls Industries, Inc. has a twelve month low of $184.29 and a twelve month high of $299.50.

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

Huntington Ingalls Industries Increases Dividend

The company also recently announced 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 is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a yield of 2.64%. The ex-dividend date is Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is presently 30.49%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp lifted its position in shares of Huntington Ingalls Industries by 94.5% in the 3rd quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock worth $455,222,000 after acquiring an additional 863,800 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Huntington Ingalls Industries by 41.6% in the second quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock valued at $180,458,000 after purchasing an additional 215,362 shares in the last quarter. Earnest Partners LLC raised its holdings in Huntington Ingalls Industries by 1.9% during the second quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company’s stock worth $157,326,000 after acquiring an additional 11,693 shares in the last quarter. Bank of New York Mellon Corp increased its position in Huntington Ingalls Industries by 8.5% during the second quarter. Bank of New York Mellon Corp now owns 521,426 shares of the aerospace company’s stock worth $128,443,000 after buying an additional 40,942 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Huntington Ingalls Industries by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 502,442 shares of the aerospace company’s stock valued at $123,771,000 after purchasing an additional 13,439 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HII. Barclays lowered their price target on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Vertical Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective for the company. in a research note on Thursday, October 10th. TD Cowen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a research note on Friday, November 1st. JPMorgan Chase & Co. cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $280.00 to $285.00 in a research note on Monday, September 9th. Finally, Wolfe Research cut Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average target price of $233.13.

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.