Huntington Ingalls Industries (NYSE:HII) VP Edmond Jr. Hughes Sells 850 Shares

Huntington Ingalls Industries, Inc. (NYSE:HII) VP Edmond Jr. Hughes sold 850 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $315.44, for a total transaction of $268,124.00. Following the completion of the sale, the vice president owned 8,731 shares of the company’s stock, valued at $2,754,106.64. This trade represents a 8.87% 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 Stock Performance

Shares of NYSE:HII traded up $4.05 on Friday, reaching $305.88. 516,498 shares of the company’s stock were exchanged, compared to its average volume of 583,665. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $330.00. The company has a fifty day moving average of $293.24 and a 200-day moving average of $264.24. The company has a market capitalization of $12.00 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 1.71 and a beta of 0.40. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, October 30th. The aerospace company reported $3.68 earnings per share for the quarter, beating analysts’ consensus estimates of $3.29 by $0.39. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $2.95 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.56 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, November 28th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. Huntington Ingalls Industries’s dividend payout ratio is currently 38.12%.

Analyst Upgrades and Downgrades

HII has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised their price target on Huntington Ingalls Industries from $316.00 to $356.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Bank of America raised their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. boosted their target price on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Wednesday, October 8th. Finally, TD Cowen lifted their price objective on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Huntington Ingalls Industries presently has an average rating of “Hold” and an average price target of $318.57.

Hedge Funds Weigh In On Huntington Ingalls Industries

A number of institutional investors have recently added to or reduced their stakes in HII. Peddock Capital Advisors LLC acquired a new position in shares of Huntington Ingalls Industries in the second quarter valued at approximately $483,000. Buttonwood Financial Advisors Inc. bought a new stake in Huntington Ingalls Industries during the 2nd quarter worth approximately $253,000. Revisor Wealth Management LLC acquired a new position in Huntington Ingalls Industries in the 2nd quarter valued at approximately $374,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Huntington Ingalls Industries during the second quarter valued at $243,000. Finally, Markel Group Inc. raised its stake in shares of Huntington Ingalls Industries by 13.9% during the second quarter. Markel Group Inc. now owns 20,500 shares of the aerospace company’s stock valued at $4,950,000 after acquiring an additional 2,500 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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.