Huntington Ingalls Industries (NYSE:HII) VP Sells $268,124.00 in Stock

Huntington Ingalls Industries, Inc. (NYSE:HII) VP Edmond Jr. Hughes sold 850 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $315.44, for a total value of $268,124.00. Following the completion of the sale, the vice president owned 8,731 shares in the company, valued at $2,754,106.64. The trade was a 8.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Huntington Ingalls Industries Stock Up 1.3%

Shares of NYSE HII traded up $4.05 during midday trading on Friday, reaching $305.88. The company’s stock had a trading volume of 516,498 shares, compared to its average volume of 583,665. The stock has a 50 day simple moving average of $293.24 and a 200-day simple moving average of $264.24. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. The stock 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. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $330.00.

Huntington Ingalls Industries (NYSE:HII) last released its 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. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter last year, the firm earned $2.56 earnings per share. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group upped their price objective on Huntington Ingalls Industries from $316.00 to $356.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Wall Street Zen cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. Weiss Ratings restated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Wednesday, October 8th. Zacks Research cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, JPMorgan Chase & Co. lifted their price target on Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus target price of $318.57.

Institutional Trading of Huntington Ingalls Industries

Hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC raised its holdings in Huntington Ingalls Industries by 509.2% in the 3rd quarter. AQR Capital Management LLC now owns 586,929 shares of the aerospace company’s stock valued at $168,983,000 after acquiring an additional 490,587 shares during the period. Maverick Capital Ltd. acquired a new position in shares of Huntington Ingalls Industries in the second quarter valued at approximately $93,332,000. Sound Shore Management Inc CT bought a new position in shares of Huntington Ingalls Industries during the second quarter worth approximately $80,047,000. Jacobs Levy Equity Management Inc. lifted its holdings in Huntington Ingalls Industries by 94.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company’s stock worth $83,311,000 after purchasing an additional 197,825 shares during the last quarter. Finally, Orion Porfolio Solutions LLC boosted its stake in Huntington Ingalls Industries by 3,576.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 195,759 shares of the aerospace company’s stock valued at $47,268,000 after purchasing an additional 190,434 shares during the period. Institutional investors and hedge funds 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.