Huntington Ingalls Industries (NYSE:HII) VP William R. Ermatinger sold 1,689 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $259.34, for a total value of $438,025.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of HII traded down $4.35 during mid-day trading on Monday, reaching $253.41. The company had a trading volume of 510,934 shares, compared to its average volume of 706,265. Huntington Ingalls Industries has a twelve month low of $183.42 and a twelve month high of $276.69. The company has a current ratio of 1.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.73. The stock has a market cap of $11,543.98, a PE ratio of 20.87, a PEG ratio of 0.99 and a beta of 0.99.
Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 15th. The aerospace company reported $3.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the firm posted $4.20 EPS. Huntington Ingalls Industries’s quarterly revenue was up 3.9% compared to the same quarter last year. sell-side analysts forecast that Huntington Ingalls Industries will post 17.38 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were issued a dividend of $0.72 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.88 dividend on an annualized basis and a yield of 1.14%. Huntington Ingalls Industries’s dividend payout ratio is 23.72%.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Huntington Ingalls Industries by 2.4% during the 4th quarter. BlackRock Inc. now owns 4,727,701 shares of the aerospace company’s stock valued at $1,114,317,000 after purchasing an additional 112,168 shares in the last quarter. Bank of Montreal Can increased its holdings in Huntington Ingalls Industries by 4.7% during the 4th quarter. Bank of Montreal Can now owns 855,162 shares of the aerospace company’s stock valued at $201,561,000 after purchasing an additional 38,150 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Huntington Ingalls Industries by 6.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 352,377 shares of the aerospace company’s stock valued at $79,792,000 after purchasing an additional 21,103 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Huntington Ingalls Industries by 31.5% during the 3rd quarter. Principal Financial Group Inc. now owns 287,477 shares of the aerospace company’s stock valued at $65,096,000 after purchasing an additional 68,842 shares in the last quarter. Finally, Martingale Asset Management L P increased its holdings in Huntington Ingalls Industries by 2.1% during the 4th quarter. Martingale Asset Management L P now owns 176,413 shares of the aerospace company’s stock valued at $41,582,000 after purchasing an additional 3,600 shares in the last quarter. 84.13% of the stock is owned by hedge funds and other institutional investors.
HII has been the subject of several recent research reports. Zacks Investment Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $266.00 price target for the company in a report on Thursday, January 11th. ValuEngine raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Bank of America set a $335.00 price target on Huntington Ingalls Industries and gave the company a “buy” rating in a report on Friday, February 16th. Cowen reissued a “buy” rating and issued a $275.00 target price on shares of Huntington Ingalls Industries in a report on Thursday, February 15th. Finally, Stifel Nicolaus reissued a “sell” rating and issued a $230.00 target price on shares of Huntington Ingalls Industries in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $266.67.
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About Huntington Ingalls Industries
Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.
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