Huntington Ingalls Industries, Inc. (NYSE:HII) VP Chad N. Boudreaux Sells 1,965 Shares

Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) VP Chad N. Boudreaux sold 1,965 shares of Huntington Ingalls Industries stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total transaction of $449,867.10. Following the completion of the sale, the vice president now owns 21,228 shares of the company's stock, valued at $4,859,938.32. This trade represents a 8.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Huntington Ingalls Industries Trading Up 0.9%

Shares of NYSE:HII traded up $1.94 during midday trading on Friday, hitting $226.72. 312,975 shares of the stock were exchanged, compared to its average volume of 541,251. The business's 50-day moving average price is $219.71 and its 200 day moving average price is $200.78. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $285.81. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of 16.24, a P/E/G ratio of 1.15 and a beta of 0.29.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the previous year, the firm posted $3.87 EPS. The company's revenue for the quarter was down 2.5% compared to the same quarter last year. Analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Friday, May 30th. Huntington Ingalls Industries's payout ratio is presently 38.90%.

Institutional Investors Weigh In On Huntington Ingalls Industries

Several institutional investors and hedge funds have recently made changes to their positions in HII. Generali Asset Management SPA SGR acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter worth approximately $2,056,000. Assetmark Inc. raised its stake in Huntington Ingalls Industries by 2,154.9% during the fourth quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock worth $1,474,000 after buying an additional 7,456 shares during the last quarter. Northcape Wealth Management LLC bought a new stake in Huntington Ingalls Industries during the fourth quarter valued at $3,642,000. Essential Planning LLC. acquired a new stake in Huntington Ingalls Industries during the 4th quarter worth about $2,457,000. Finally, Integrated Quantitative Investments LLC acquired a new stake in Huntington Ingalls Industries during the 4th quarter worth about $283,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

HII has been the topic of several recent analyst reports. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a report on Thursday, May 15th. Barclays upped their target price on Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Finally, The Goldman Sachs Group upped their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $236.38.

About Huntington Ingalls Industries

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.