Huntington Ingalls Industries, Inc. (NYSE:HII) VP D R. Wyatt sold 800 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $240.33, for a total value of $192,264.00. Following the completion of the sale, the vice president now owns 19,065 shares in the company, valued at $4,581,891.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Huntington Ingalls Industries, Inc. (HII) opened at $235.82 on Friday. The firm has a market capitalization of $10,661.74, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 1.31 and a beta of 1.19. The company has a current ratio of 1.52, a quick ratio of 1.38 and a debt-to-equity ratio of 0.75. Huntington Ingalls Industries, Inc. has a 12-month low of $173.47 and a 12-month high of $253.44.
Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.49. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.80 billion. Huntington Ingalls Industries had a return on equity of 33.37% and a net margin of 8.31%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.27 earnings per share. equities analysts forecast that Huntington Ingalls Industries, Inc. will post 11.99 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Wednesday, November 22nd. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $0.60. Huntington Ingalls Industries’s payout ratio is 18.13%.
Huntington Ingalls Industries declared that its Board of Directors has authorized a share repurchase program on Tuesday, November 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
A number of brokerages have recently commented on HII. Zacks Investment Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 price target on the stock in a report on Friday, November 10th. Credit Suisse Group reiterated a “neutral” rating and set a $241.00 target price (up previously from $211.00) on shares of Huntington Ingalls Industries in a report on Thursday, November 9th. Cowen and Company reiterated a “hold” rating and set a $210.00 target price on shares of Huntington Ingalls Industries in a report on Tuesday, August 22nd. BidaskClub lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $233.00 target price (up previously from $224.00) on shares of Huntington Ingalls Industries in a report on Monday, October 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Huntington Ingalls Industries presently has an average rating of “Hold” and a consensus target price of $222.57.
Hedge funds and other institutional investors have recently made changes to their positions in the business. IHT Wealth Management LLC increased its position in Huntington Ingalls Industries by 1,750.0% during the second quarter. IHT Wealth Management LLC now owns 148 shares of the aerospace company’s stock worth $973,000 after buying an additional 140 shares during the last quarter. Howe & Rusling Inc. increased its position in Huntington Ingalls Industries by 4,844.4% during the third quarter. Howe & Rusling Inc. now owns 445 shares of the aerospace company’s stock worth $101,000 after buying an additional 436 shares during the last quarter. Toronto Dominion Bank increased its position in Huntington Ingalls Industries by 6.8% during the second quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock worth $105,000 after buying an additional 36 shares during the last quarter. Global X Management Co. LLC acquired a new position in Huntington Ingalls Industries during the second quarter worth approximately $125,000. Finally, Pacer Advisors Inc. increased its position in Huntington Ingalls Industries by 7.0% during the second quarter. Pacer Advisors Inc. now owns 889 shares of the aerospace company’s stock worth $165,000 after buying an additional 58 shares during the last quarter. 84.65% of the stock is currently owned by hedge funds and other institutional investors.
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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