Huntington Ingalls Industries Inc (NYSE:HII) VP Jennifer R. Boykin sold 2,616 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $267.50, for a total value of $699,780.00. Following the sale, the vice president now owns 3,809 shares in the company, valued at $1,018,907.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Huntington Ingalls Industries Inc (NYSE HII) opened at $262.01 on Thursday. Huntington Ingalls Industries Inc has a 1 year low of $183.42 and a 1 year high of $276.69. The firm has a market capitalization of $11,767.91, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 1.01 and a beta of 1.15. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.58 and a quick ratio of 1.45.
Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, February 15th. The aerospace company reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.93 by $0.18. Huntington Ingalls Industries had a return on equity of 31.01% and a net margin of 6.44%. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the business posted $4.20 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. equities research analysts anticipate that Huntington Ingalls Industries Inc will post 17.38 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, February 22nd. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 27.56%.
A number of analysts have recently issued reports on the company. Sanford C. Bernstein restated a “market perform” rating and set a $271.00 price objective (up from $242.00) on shares of Huntington Ingalls Industries in a research report on Tuesday, February 20th. ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th. Stifel Nicolaus restated a “sell” rating and set a $230.00 price objective on shares of Huntington Ingalls Industries in a research report on Friday, February 16th. Bank of America set a $335.00 price objective on Huntington Ingalls Industries and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, Credit Suisse Group upgraded Huntington Ingalls Industries from a “neutral” rating to an “outperform” rating and set a $241.00 price objective on the stock in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Huntington Ingalls Industries presently has an average rating of “Buy” and a consensus target price of $261.38.
A number of large investors have recently made changes to their positions in the business. BlackRock Inc. grew its position in Huntington Ingalls Industries by 2.4% in the fourth quarter. BlackRock Inc. now owns 4,727,701 shares of the aerospace company’s stock valued at $1,114,317,000 after acquiring an additional 112,168 shares during the period. Bank of Montreal Can grew its position in Huntington Ingalls Industries by 4.7% in the fourth quarter. Bank of Montreal Can now owns 855,162 shares of the aerospace company’s stock valued at $201,561,000 after acquiring an additional 38,150 shares during the period. Allianz Asset Management GmbH grew its position in Huntington Ingalls Industries by 6.4% in the third quarter. Allianz Asset Management GmbH now owns 352,377 shares of the aerospace company’s stock valued at $79,792,000 after acquiring an additional 21,103 shares during the period. Principal Financial Group Inc. grew its position in Huntington Ingalls Industries by 31.5% in the third quarter. Principal Financial Group Inc. now owns 287,477 shares of the aerospace company’s stock valued at $65,096,000 after acquiring an additional 68,842 shares during the period. Finally, Martingale Asset Management L P boosted its stake in Huntington Ingalls Industries by 2.1% in the fourth quarter. Martingale Asset Management L P now owns 176,413 shares of the aerospace company’s stock worth $41,582,000 after purchasing an additional 3,600 shares in the last quarter. Hedge funds and other institutional investors own 82.05% of the company’s stock.
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About Huntington Ingalls Industries
Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.
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