Edmond E. Jr. Hughes Sells 1,300 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) Stock

Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) VP Edmond E. Jr. Hughes sold 1,300 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total transaction of $301,483.00. Following the transaction, the vice president now owns 9,581 shares in the company, valued at $2,221,929.71. This represents a 11.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Huntington Ingalls Industries Price Performance

HII stock traded down $1.71 during trading on Monday, hitting $229.92. 530,116 shares of the stock traded hands, compared to its average volume of 524,702. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The stock has a market cap of $9.02 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 1.15 and a beta of 0.31. The company has a 50 day simple moving average of $209.68 and a 200 day simple moving average of $198.33. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $285.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the company earned $3.87 EPS. The firm's quarterly revenue was down 2.5% on a year-over-year basis. Equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.90%.

Analysts Set New Price Targets

Several research analysts recently commented on HII shares. The Goldman Sachs Group lifted their target price on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Barclays upped their price objective on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $238.44.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HII. Patriot Financial Group Insurance Agency LLC grew its position in shares of Huntington Ingalls Industries by 2.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,124 shares of the aerospace company's stock valued at $433,000 after purchasing an additional 51 shares during the last quarter. Yousif Capital Management LLC grew its stake in shares of Huntington Ingalls Industries by 1.6% in the fourth quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company's stock valued at $610,000 after acquiring an additional 52 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Huntington Ingalls Industries by 12.2% in the first quarter. Farther Finance Advisors LLC now owns 514 shares of the aerospace company's stock valued at $104,000 after acquiring an additional 56 shares in the last quarter. HM Payson & Co. grew its stake in shares of Huntington Ingalls Industries by 71.9% in the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock valued at $31,000 after acquiring an additional 64 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of Huntington Ingalls Industries by 8.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 820 shares of the aerospace company's stock worth $167,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.