Huntington Ingalls Industries, Inc. (NYSE:HII) VP Jennifer R. Boykin sold 2,362 shares of the stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $196.00, for a total transaction of $462,952.00. Following the transaction, the vice president now owns 6,425 shares in the company, valued at $1,259,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Huntington Ingalls Industries, Inc. (NYSE HII) opened at 214.00 on Wednesday. The company has a 50-day moving average price of $196.11 and a 200 day moving average price of $200.08. The company has a market capitalization of $9.85 billion, a P/E ratio of 18.08 and a beta of 1.18. Huntington Ingalls Industries, Inc. has a 12-month low of $146.52 and a 12-month high of $220.68.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.59. Huntington Ingalls Industries had a return on equity of 31.12% and a net margin of 7.93%. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter last year, the firm earned $2.32 earnings per share. The business’s revenue was up 9.3% on a year-over-year basis. On average, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post $11.42 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, August 23rd. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 19.61%.

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HII has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 8th. BidaskClub raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Credit Suisse Group lowered their price objective on Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating for the company in a research report on Monday, May 15th. Finally, Cowen and Company reissued a “hold” rating and set a $210.00 price objective on shares of Huntington Ingalls Industries in a research report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $199.00.

Hedge funds and other institutional investors have recently modified their holdings of the company. Louisiana State Employees Retirement System raised its position in Huntington Ingalls Industries by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 11,600 shares of the aerospace company’s stock valued at $2,323,000 after buying an additional 100 shares during the period. Fox Run Management L.L.C. bought a new position in Huntington Ingalls Industries during the first quarter valued at approximately $621,000. Parametrica Management Ltd bought a new position in Huntington Ingalls Industries during the first quarter valued at approximately $582,000. Capstone Asset Management Co. raised its position in Huntington Ingalls Industries by 10.6% in the first quarter. Capstone Asset Management Co. now owns 3,026 shares of the aerospace company’s stock valued at $606,000 after buying an additional 289 shares during the period. Finally, Gulf International Bank UK Ltd raised its position in Huntington Ingalls Industries by 3.6% in the first quarter. Gulf International Bank UK Ltd now owns 14,450 shares of the aerospace company’s stock valued at $2,893,000 after buying an additional 500 shares during the period. 85.98% of the stock is currently owned by institutional investors and hedge funds.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.

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

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