Huntington Ingalls Industries, Inc. (NYSE:HII) Director Thomas C. Schievelbein Acquires 2,120 Shares

Huntington Ingalls Industries, Inc. (NYSE:HII) Director Thomas C. Schievelbein bought 2,120 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $164.82 per share, with a total value of $349,418.40. Following the transaction, the director now owns 7,967 shares of the company’s stock, valued at $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Huntington Ingalls Industries Stock Up 0.4 %

HII stock opened at $161.50 on Friday. The firm has a market cap of $6.32 billion, a PE ratio of 11.57, a PEG ratio of 1.43 and a beta of 0.57. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $299.50. The company has a fifty day simple moving average of $190.18 and a 200 day simple moving average of $225.86. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. Sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 15.14 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $1.35 per share. The ex-dividend date is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a yield of 3.34%. Huntington Ingalls Industries’s payout ratio is currently 38.68%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Barclays reduced their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a report on Friday, November 1st. StockNews.com lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Bank of America decreased their target price on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research note on Wednesday, November 13th. Finally, The Goldman Sachs Group dropped their price target on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $221.22.

Hedge Funds Weigh In On Huntington Ingalls Industries

A number of institutional investors have recently modified their holdings of the company. CWM LLC raised its holdings in Huntington Ingalls Industries by 142.8% in the 3rd quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock worth $1,388,000 after acquiring an additional 3,088 shares during the period. Exchange Traded Concepts LLC bought a new position in shares of Huntington Ingalls Industries in the third quarter worth about $102,000. CX Institutional lifted its position in shares of Huntington Ingalls Industries by 4.6% during the 3rd quarter. CX Institutional now owns 3,182 shares of the aerospace company’s stock worth $841,000 after purchasing an additional 141 shares during the last quarter. Creative Planning boosted its stake in Huntington Ingalls Industries by 3.1% during the 3rd quarter. Creative Planning now owns 6,099 shares of the aerospace company’s stock valued at $1,612,000 after purchasing an additional 181 shares during the period. Finally, Good Life Advisors LLC acquired a new stake in Huntington Ingalls Industries in the 3rd quarter valued at approximately $241,000. Institutional investors own 90.46% of the company’s stock.

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.