Huntington Ingalls Industries Inc. (NYSE:HII) VP Christopher D. Kastner sold 2,000 shares of Huntington Ingalls Industries stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $165.90, for a total transaction of $331,800.00. Following the completion of the transaction, the vice president now owns 39,581 shares of the company’s stock, valued at approximately $6,566,487.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Huntington Ingalls Industries Inc. (NYSE:HII) opened at 174.61 on Monday. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 19.44 and a beta of 1.15. The firm’s 50-day moving average is $156.95 and its 200 day moving average is $160.75. Huntington Ingalls Industries Inc. has a 12 month low of $118.20 and a 12 month high of $177.10.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, November 3rd. The company reported $2.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.40 by $0.13. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.68 billion. Huntington Ingalls Industries had a net margin of 6.04% and a return on equity of 29.26%. Huntington Ingalls Industries’s revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.98 EPS. Equities analysts expect that Huntington Ingalls Industries Inc. will post $10.39 EPS for the current year.

Insider Buying and Selling by Quarter for Huntington Ingalls Industries (NYSE:HII)

The business also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 25th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $2.40 annualized dividend and a yield of 1.37%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $0.50. Huntington Ingalls Industries’s dividend payout ratio is currently 22.22%.

A number of institutional investors have recently bought and sold shares of the stock. Creative Planning boosted its position in Huntington Ingalls Industries by 2.1% in the third quarter. Creative Planning now owns 1,474 shares of the company’s stock valued at $226,000 after buying an additional 30 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in Huntington Ingalls Industries by 0.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 8,118 shares of the company’s stock valued at $1,364,000 after buying an additional 42 shares during the last quarter. IFP Advisors Inc raised its stake in Huntington Ingalls Industries by 4.1% in the second quarter. IFP Advisors Inc now owns 1,174 shares of the company’s stock valued at $197,000 after buying an additional 46 shares during the last quarter. First Citizens Bank & Trust Co. raised its stake in Huntington Ingalls Industries by 1.3% in the third quarter. First Citizens Bank & Trust Co. now owns 3,728 shares of the company’s stock valued at $572,000 after buying an additional 47 shares during the last quarter. Finally, Herndon Capital Management LLC raised its stake in Huntington Ingalls Industries by 6.7% in the second quarter. Herndon Capital Management LLC now owns 830 shares of the company’s stock valued at $139,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds own 89.15% of the company’s stock.

Several equities analysts have recently weighed in on HII shares. Citigroup Inc. lifted their target price on shares of Huntington Ingalls Industries from $180.00 to $191.00 and gave the stock a “buy” rating in a research note on Tuesday, September 6th. Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $189.00 target price for the company in a research note on Monday, July 25th. Cowen and Company downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $185.00 to $165.00 in a research note on Tuesday, September 20th. Finally, Wells Fargo & Co. downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “market perform” rating in a research note on Friday, August 5th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $159.00.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc (HII) designs, builds, overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Company is the designer, builder and refueler of nuclear powered aircraft carriers, a builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters (NSCs) for the United States Coast Guard.

5 Day Chart for NYSE:HII

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