Huntington Ingalls Industries Inc (NYSE:HII) VP Jerri F. Dickseski sold 1,874 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $228.68, for a total transaction of $428,546.32. Following the sale, the vice president now owns 34,033 shares in the company, valued at $7,782,666.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of NYSE HII opened at $232.71 on Friday. The firm has a market cap of $9.61 billion, a P/E ratio of 12.19 and a beta of 1.19. Huntington Ingalls Industries Inc has a 52-week low of $173.80 and a 52-week high of $262.32. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.07. The stock has a 50 day moving average price of $217.95.
Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $2.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.27 by ($0.42). The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.95 billion. Huntington Ingalls Industries had a return on equity of 48.34% and a net margin of 9.52%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.48 EPS. On average, sell-side analysts expect that Huntington Ingalls Industries Inc will post 14.59 earnings per share for the current year.
HII has been the topic of several recent research reports. ValuEngine downgraded shares of Viewray from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Zacks Investment Research downgraded shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research report on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $251.08.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Asahi Life Asset Management CO. LTD. bought a new stake in shares of Huntington Ingalls Industries in the 1st quarter valued at $416,000. Amalgamated Bank increased its stake in shares of Huntington Ingalls Industries by 45.6% in the 4th quarter. Amalgamated Bank now owns 9,969 shares of the aerospace company’s stock valued at $1,897,000 after acquiring an additional 3,120 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Huntington Ingalls Industries in the 1st quarter valued at $922,000. Raymond James & Associates increased its stake in shares of Huntington Ingalls Industries by 13.7% in the 1st quarter. Raymond James & Associates now owns 48,379 shares of the aerospace company’s stock valued at $10,024,000 after acquiring an additional 5,838 shares in the last quarter. Finally, ARP Americas LP increased its stake in shares of Huntington Ingalls Industries by 11.3% in the 4th quarter. ARP Americas LP now owns 2,951 shares of the aerospace company’s stock valued at $562,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 85.46% of the company’s stock.
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.
Featured Story: Is the Dow Jones Industrial Average (DJIA) still relevant?
Receive News & Ratings for Huntington Ingalls Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Ingalls Industries and related companies with MarketBeat.com's FREE daily email newsletter.