Chad Boudreaux Sells 4,400 Shares of Huntington Ingalls Industries (NYSE:HII) Stock

Huntington Ingalls Industries, Inc. (NYSE:HII) VP Chad Boudreaux sold 4,400 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $422.45, for a total transaction of $1,858,780.00. Following the transaction, the vice president directly owned 20,360 shares of the company’s stock, valued at approximately $8,601,082. This represents a 17.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Huntington Ingalls Industries Stock Performance

HII stock traded up $0.59 during mid-day trading on Monday, reaching $429.70. 468,176 shares of the stock traded hands, compared to its average volume of 597,998. The firm has a market capitalization of $16.86 billion, a PE ratio of 27.96, a P/E/G ratio of 1.75 and a beta of 0.32. The business has a 50-day moving average of $408.85 and a two-hundred day moving average of $337.18. Huntington Ingalls Industries, Inc. has a 52 week low of $177.42 and a 52 week high of $460.00. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.53.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $3.72 by $0.32. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The business had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the company posted $3.15 earnings per share. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, equities analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, February 27th. Huntington Ingalls Industries’s payout ratio is currently 35.91%.

Wall Street Analyst Weigh In

HII has been the subject of several research reports. The Goldman Sachs Group increased their price objective on Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Citigroup upped their target price on shares of Huntington Ingalls Industries from $450.00 to $465.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. TD Cowen increased their price target on shares of Huntington Ingalls Industries from $440.00 to $460.00 and gave the company a “buy” rating in a report on Friday. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings downgraded shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Huntington Ingalls Industries has an average rating of “Hold” and an average price target of $384.13.

Institutional Trading of Huntington Ingalls Industries

A number of institutional investors and hedge funds have recently modified their holdings of HII. TriaGen Wealth Management LLC lifted its position in Huntington Ingalls Industries by 1.6% in the fourth quarter. TriaGen Wealth Management LLC now owns 1,971 shares of the aerospace company’s stock worth $670,000 after purchasing an additional 31 shares during the period. CI Investments Inc. increased its holdings in Huntington Ingalls Industries by 16.7% in the 3rd quarter. CI Investments Inc. now owns 231 shares of the aerospace company’s stock valued at $67,000 after buying an additional 33 shares during the period. Intrust Bank NA raised its stake in shares of Huntington Ingalls Industries by 4.5% in the 4th quarter. Intrust Bank NA now owns 821 shares of the aerospace company’s stock valued at $279,000 after buying an additional 35 shares in the last quarter. Oakworth Capital Inc. raised its stake in shares of Huntington Ingalls Industries by 1.7% in the 4th quarter. Oakworth Capital Inc. now owns 2,205 shares of the aerospace company’s stock valued at $750,000 after buying an additional 36 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings in shares of Huntington Ingalls Industries by 3.9% during the 3rd quarter. Evergreen Capital Management LLC now owns 1,011 shares of the aerospace company’s stock worth $291,000 after acquiring an additional 38 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.