Huntington Ingalls Industries (NYSE:HII) EVP Eric Chewning Sells 1,700 Shares

Huntington Ingalls Industries, Inc. (NYSE:HII) EVP Eric Chewning sold 1,700 shares of Huntington Ingalls Industries stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $433.44, for a total value of $736,848.00. Following the sale, the executive vice president owned 1,949 shares in the company, valued at $844,774.56. This represents a 46.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Huntington Ingalls Industries Stock Up 1.9%

HII traded up $8.06 during trading on Friday, reaching $429.23. The stock had a trading volume of 82,012 shares, compared to its average volume of 593,088. Huntington Ingalls Industries, Inc. has a one year low of $177.42 and a one year high of $460.00. The company has a market capitalization of $16.84 billion, a price-to-earnings ratio of 27.93, a P/E/G ratio of 1.78 and a beta of 0.32. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average is $407.27 and its two-hundred day moving average is $335.06.

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

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $1.38 per share. 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 dividend payout ratio is 35.91%.

Analyst Ratings Changes

HII has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price objective on Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Weiss Ratings upgraded Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. Citigroup raised their target price on shares of Huntington Ingalls Industries from $450.00 to $465.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Melius Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Finally, Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Huntington Ingalls Industries presently has an average rating of “Moderate Buy” and a consensus target price of $370.38.

Hedge Funds Weigh In On Huntington Ingalls Industries

Hedge funds have recently added to or reduced their stakes in the company. Korea Investment CORP bought a new position in Huntington Ingalls Industries in the second quarter worth approximately $1,604,000. Primoris Wealth Advisors LLC purchased a new stake in shares of Huntington Ingalls Industries in the 3rd quarter worth $2,260,000. CWA Asset Management Group LLC lifted its holdings in shares of Huntington Ingalls Industries by 51.2% in the 3rd quarter. CWA Asset Management Group LLC now owns 24,746 shares of the aerospace company’s stock worth $7,125,000 after buying an additional 8,384 shares during the period. SS&H Financial Advisors Inc. grew its position in shares of Huntington Ingalls Industries by 76.7% during the 3rd quarter. SS&H Financial Advisors Inc. now owns 8,120 shares of the aerospace company’s stock worth $2,338,000 after buying an additional 3,525 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of Huntington Ingalls Industries by 31.2% during the third quarter. Jones Financial Companies Lllp now owns 12,560 shares of the aerospace company’s stock valued at $3,502,000 after buying an additional 2,990 shares during the period. 90.46% of the stock is currently owned by institutional investors.

About Huntington Ingalls Industries

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.