Huntington Ingalls Industries (NYSE:HII) CEO Christopher Kastner Sells 13,070 Shares

Huntington Ingalls Industries, Inc. (NYSE:HII) CEO Christopher Kastner sold 13,070 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $324.92, for a total value of $4,246,704.40. Following the transaction, the chief executive officer owned 11,224 shares of the company’s stock, valued at $3,646,902.08. This represents a 53.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Huntington Ingalls Industries Stock Down 0.9%

HII opened at $327.73 on Wednesday. The stock’s fifty day simple moving average is $292.76 and its 200 day simple moving average is $354.17. Huntington Ingalls Industries, Inc. has a 1-year low of $262.66 and a 1-year high of $460.00. The stock has a market cap of $12.91 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 1.27 and a beta of 0.24. The company has a current ratio of 1.23, a quick ratio of 1.14 and a debt-to-equity ratio of 0.51.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, July 30th. The aerospace company reported $5.27 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.48. Huntington Ingalls Industries had a net margin of 5.01% and a return on equity of 12.89%. The firm had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same period in the previous year, the business posted $3.86 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, research analysts expect that Huntington Ingalls Industries, Inc. will post 18.04 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $5.52 annualized dividend and a dividend yield of 1.7%. Huntington Ingalls Industries’s payout ratio is presently 32.90%.

Institutional Investors Weigh In On Huntington Ingalls Industries

Hedge funds and other institutional investors have recently made changes to their positions in the business. M&T Bank Corp lifted its position in shares of Huntington Ingalls Industries by 205.8% during the 4th quarter. M&T Bank Corp now owns 40,031 shares of the aerospace company’s stock valued at $13,613,000 after acquiring an additional 26,940 shares during the period. Chase Investment Counsel Corp bought a new position in shares of Huntington Ingalls Industries in the fourth quarter worth $4,634,000. Builder Investment Group Inc. ADV acquired a new position in Huntington Ingalls Industries in the fourth quarter valued at about $6,815,000. Rothschild Investment LLC raised its stake in Huntington Ingalls Industries by 478.1% in the fourth quarter. Rothschild Investment LLC now owns 5,295 shares of the aerospace company’s stock valued at $1,801,000 after purchasing an additional 4,379 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Huntington Ingalls Industries by 71.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 365,760 shares of the aerospace company’s stock worth $124,384,000 after purchasing an additional 152,624 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HII has been the topic of several research analyst reports. Wells Fargo & Company increased their price target on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the company an “equal weight” rating in a report on Tuesday, August 4th. Citigroup boosted their price objective on Huntington Ingalls Industries from $349.00 to $379.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Huntington Ingalls Industries in a research report on Monday, August 3rd. TD Cowen lowered their target price on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Finally, Wolfe Research raised Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price target for the company in a report on Friday, July 31st. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $378.88.

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.